Jon Stephen Eglin Sells 50,000 Shares of DHT (NYSE:DHT) Stock

DHT Holdings, Inc. (NYSE:DHT) insider Jon Stephen Eglin sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $19.99, for a total transaction of $999,500.00. Following the completion of the sale, the insider owned 324,622 shares of the company’s stock, valued at approximately $6,489,193.78. This trade represents a 13.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

DHT Trading Down 1.1%

NYSE DHT opened at $19.78 on Friday. The firm’s 50 day moving average price is $18.25 and its two-hundred day moving average price is $17.74. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.32 and a current ratio of 3.64. DHT Holdings, Inc. has a twelve month low of $10.83 and a twelve month high of $20.55. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 6.73 and a beta of -0.11.

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

DHT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Shareholders 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 of this dividend is Monday, August 17th. This represents a $4.88 annualized dividend and a yield of 24.7%. DHT’s dividend payout ratio (DPR) is presently 165.99%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of DHT from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.33.

Institutional Trading of DHT

Institutional investors have recently bought and sold shares of the company. Western Wealth Management LLC acquired a new position in DHT in the 1st quarter worth about $46,000. EverSource Wealth Advisors LLC grew its stake in shares of DHT by 91.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock valued at $36,000 after buying an additional 1,596 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in DHT by 568.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,554 shares of the shipping company’s stock worth $43,000 after buying an additional 3,022 shares during the last quarter. Triumph Capital Management increased its holdings in DHT by 155.0% in the second quarter. Triumph Capital Management now owns 3,697 shares of the shipping company’s stock worth $61,000 after buying an additional 2,247 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in DHT by 32.0% during the first quarter. PNC Financial Services Group Inc. now owns 4,846 shares of the shipping company’s stock valued at $89,000 after acquiring an additional 1,175 shares in the last quarter. 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.