DHT (NYSE:DHT) Insider Sells $508,750.00 in Stock

DHT Holdings, Inc. (NYSE:DHT) insider Jon Stephen Eglin sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $20.35, for a total transaction of $508,750.00. Following the completion of the transaction, the insider directly owned 299,622 shares of the company’s stock, valued at $6,097,307.70. This trade represents a 7.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Jon Stephen Eglin also recently made the following trade(s):

• On Wednesday, August 19th, Jon Stephen Eglin sold 50,000 shares of DHT stock. The shares were sold at an average price of $19.99, for a total value of $999,500.00.

DHT Trading Down 0.4%

DHT opened at $19.74 on Monday. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 6.71 and a beta of -0.11. The company has a current ratio of 3.64, a quick ratio of 3.32 and a debt-to-equity ratio of 0.29. DHT Holdings, Inc. has a 12 month low of $10.83 and a 12 month high of $20.62. The stock has a fifty day moving average price of $18.30 and a 200-day moving average price of $17.78.

DHT (NYSE:DHT) last issued its quarterly earnings data on Wednesday, August 5th. The shipping company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.04. DHT had a return on equity of 39.40% and a net margin of 65.52%.The firm had revenue of $254.96 million during the quarter, compared to analysts’ expectations of $247.17 million. During the same period in the prior year, the business posted $0.35 EPS. The firm’s quarterly revenue was up 174.8% on a year-over-year basis.

DHT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, August 17th will be paid a dividend of $1.22 per share. This is a boost from DHT’s previous quarterly dividend of $0.64. The ex-dividend date is Monday, August 17th. This represents a $4.88 annualized dividend and a dividend yield of 24.7%. DHT’s dividend payout ratio (DPR) is presently 165.99%.

Wall Street Analyst Weigh In

Several analysts have recently commented on DHT shares. Weiss Ratings upgraded DHT from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, August 7th. Wall Street Zen raised DHT from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.33.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in shares of DHT by 168.3% in the first quarter. Bank of America Corp DE now owns 1,186,289 shares of the shipping company’s stock worth $21,674,000 after buying an additional 744,130 shares during the last quarter. Artemis Investment Management LLP purchased a new stake in shares of DHT during the fourth quarter valued at $2,720,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of DHT by 74.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,315,767 shares of the shipping company’s stock valued at $78,849,000 after buying an additional 1,836,892 shares during the last quarter. WIT Partners Advisory Pte. Ltd. acquired a new position in shares of DHT in the 1st quarter valued at $5,163,000. Finally, Strs Ohio purchased a new position in DHT in the 4th quarter worth $774,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Company Profile

DHT Holdings, Inc (NYSE: DHT) is a Bermuda-based independent crude oil tanker company that provides seaborne transportation of crude oil on a worldwide basis. The company’s core business involves the ownership and operation of a modern fleet of Very Large Crude Carriers (VLCCs) and Suezmax tankers, which are chartered to oil producers, trading houses and national oil companies. Through spot charters, time-charters and tanker pooling arrangements, DHT connects crude oil exporters with refining hubs in Asia, Europe, North America and other global markets.

Founded in 2005 and listed on the New York Stock Exchange later that year, DHT has grown its presence in the maritime sector by focusing on operational efficiency and disciplined capital management.