Royal Bank of Canada Has $999,000 Stock Holdings in DHT Holdings, Inc. $DHT

Royal Bank of Canada decreased its position in DHT Holdings, Inc. (NYSE:DHT) by 32.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 54,715 shares of the shipping company’s stock after selling 26,310 shares during the period. Royal Bank of Canada’s holdings in DHT were worth $999,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in shares of DHT by 91.8% in the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock worth $36,000 after purchasing an additional 1,596 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in DHT by 568.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,554 shares of the shipping company’s stock worth $43,000 after purchasing an additional 3,022 shares during the last quarter. PNC Financial Services Group Inc. grew its position in DHT by 32.0% in the first quarter. PNC Financial Services Group Inc. now owns 4,846 shares of the shipping company’s stock valued at $89,000 after purchasing an additional 1,175 shares in the last quarter. Leonteq Securities AG bought a new position in DHT in the fourth quarter valued at $59,000. Finally, Sunbelt Securities Inc. acquired a new stake in DHT in the 3rd quarter valued at $60,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

Insider Buying and Selling at DHT

In other news, Director Jeremy Kramer sold 29,796 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $18.65, for a total value of $555,695.40. Following the sale, the director directly owned 71,332 shares of the company’s stock, valued at approximately $1,330,341.80. This represents a 29.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jon Stephen Eglin sold 50,000 shares of the company’s stock in a transaction dated 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 directly owned 324,622 shares in the company, valued at approximately $6,489,193.78. The trade was a 13.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 129,796 shares of company stock worth $2,555,195 over the last quarter. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings raised shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, August 7th. Wall Street Zen upgraded 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, DHT presently has a consensus rating of “Moderate Buy” and an average target price of $19.33.

DHT Trading Down 0.3%

Shares of DHT stock opened at $19.74 on Friday. DHT Holdings, Inc. has a 12-month low of $10.83 and a 12-month high of $20.62. The stock has a market cap of $3.18 billion, a P/E ratio of 6.71 and a beta of -0.11. The company has a quick ratio of 3.32, a current ratio of 3.64 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $18.30 and its 200-day moving average is $17.76.

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

DHT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, August 17th will be paid a $1.22 dividend. This is an increase from DHT’s previous quarterly dividend of $0.64. This represents a $4.88 dividend on an annualized basis and a yield of 24.7%. The ex-dividend date is Monday, August 17th. DHT’s dividend payout ratio is 165.99%.

DHT 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.