DHT Holdings, Inc. (NYSE:DHT) Short Interest Update

DHT Holdings, Inc. (NYSE:DHT) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 4,360,326 shares, an increase of 35.6% from the February 12th total of 3,215,772 shares. Approximately 2.7% of the shares of the company are sold short. Based on an average daily volume of 5,390,206 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 5,390,206 shares, the short-interest ratio is presently 0.8 days. Approximately 2.7% of the shares of the company are sold short.

DHT Stock Performance

DHT stock traded up $0.01 during trading on Friday, reaching $16.85. The company had a trading volume of 5,189,611 shares, compared to its average volume of 6,430,447. DHT has a 52 week low of $8.99 and a 52 week high of $20.55. The firm’s 50-day simple moving average is $15.51 and its 200 day simple moving average is $13.53. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 12.86 and a beta of -0.13. The company has a current ratio of 2.80, a quick ratio of 2.47 and a debt-to-equity ratio of 0.34.

DHT (NYSE:DHT) last released its quarterly earnings results on Wednesday, February 4th. The shipping company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. DHT had a return on equity of 17.70% and a net margin of 42.35%.The business had revenue of $117.80 million during the quarter, compared to analyst estimates of $116.96 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. DHT’s revenue for the quarter was up 37.8% on a year-over-year basis. Sell-side analysts forecast that DHT will post 0.94 earnings per share for the current fiscal year.

DHT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Thursday, February 19th were issued a $0.41 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $1.64 annualized dividend and a yield of 9.7%. This is a positive change from DHT’s previous quarterly dividend of $0.18. DHT’s payout ratio is currently 125.19%.

Hedge Funds Weigh In On DHT

Several large investors have recently added to or reduced their stakes in DHT. Victory Capital Management Inc. increased its stake in shares of DHT by 360.8% in the third quarter. Victory Capital Management Inc. now owns 2,963,693 shares of the shipping company’s stock worth $35,416,000 after purchasing an additional 2,320,564 shares in the last quarter. Marex Group plc boosted its holdings in DHT by 5,860.2% in the 4th quarter. Marex Group plc now owns 1,084,752 shares of the shipping company’s stock worth $13,245,000 after buying an additional 1,066,552 shares during the period. Qube Research & Technologies Ltd boosted its holdings in DHT by 706.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,077,704 shares of the shipping company’s stock worth $11,650,000 after buying an additional 943,990 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in DHT in the 4th quarter worth $8,927,000. Finally, Public Sector Pension Investment Board increased its stake in DHT by 447.5% in the 4th quarter. Public Sector Pension Investment Board now owns 744,601 shares of the shipping company’s stock worth $9,092,000 after buying an additional 608,601 shares in the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Dnb Carnegie downgraded shares of DHT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. BTIG Research increased their price target on DHT from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Weiss Ratings restated a “buy (b)” rating on shares of DHT in a research note on Wednesday, January 21st. Finally, Wall Street Zen lowered DHT from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $16.33.

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.