DHT Holdings, Inc. $DHT Shares Sold by Engineers Gate Manager LP

Engineers Gate Manager LP trimmed its holdings in DHT Holdings, Inc. (NYSE:DHT) by 19.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 452,141 shares of the shipping company’s stock after selling 107,116 shares during the quarter. Engineers Gate Manager LP’s holdings in DHT were worth $7,474,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in shares of DHT by 91.8% during 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 during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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. Western Wealth Management LLC acquired a new stake in DHT during the first quarter worth about $46,000. Leonteq Securities AG acquired a new stake in DHT during the fourth quarter worth about $59,000. Finally, Sunbelt Securities Inc. purchased a new position in DHT during the third quarter valued at approximately $60,000. 58.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DHT

In related news, CFO Laila Halvorsen sold 50,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $20.00, for a total value of $1,000,000.00. Following the completion of the transaction, the chief financial officer owned 161,011 shares of the company’s stock, valued at approximately $3,220,220. This represents a 23.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sophie Rossini sold 33,000 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $20.04, for a total value of $661,320.00. Following the transaction, the director owned 78,543 shares in the company, valued at $1,574,001.72. This represents a 29.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 553,803 shares of company stock worth $11,169,297 over the last quarter. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised DHT from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.33.

DHT Stock Up 1.1%

DHT stock opened at $21.43 on Friday. The firm has a market cap of $3.45 billion, a PE ratio of 7.29 and a beta of -0.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.32 and a current ratio of 3.64. The firm’s fifty day moving average is $18.82 and its 200 day moving average is $18.23. DHT Holdings, Inc. has a one year low of $10.83 and a one year high of $21.59.

DHT (NYSE:DHT) last released its quarterly earnings data 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 company 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 for the quarter was up 174.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 earnings per share.

DHT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were paid a $1.22 dividend. The ex-dividend date was Monday, August 17th. This represents a $4.88 annualized dividend and a dividend yield of 22.8%. This is a boost from DHT’s previous quarterly dividend of $0.64. DHT’s dividend payout ratio (DPR) is presently 165.99%.

About DHT

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.