DHT (NYSE:DHT) CFO Laila Cecilie Halvorsen Sells 50,000 Shares of Stock

DHT Holdings, Inc. (NYSE:DHT) CFO Laila Cecilie Halvorsen sold 50,000 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $20.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief financial officer directly owned 161,011 shares in the company, valued at $3,220,220. This trade represents a 23.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

DHT Stock Performance

DHT stock opened at $19.74 on Friday. The business’s fifty day moving average is $18.30 and its 200-day moving average is $17.76. 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 company has a market cap of $3.18 billion, a P/E ratio of 6.71 and a beta of -0.11. DHT Holdings, Inc. has a twelve month low of $10.83 and a twelve month high of $20.62.

DHT (NYSE:DHT) last released its quarterly earnings data on Wednesday, August 5th. The shipping company reported $1.22 EPS for the quarter, beating 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 business had revenue of $254.96 million during the quarter, compared to the consensus estimate of $247.17 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The firm’s revenue was up 174.8% on a year-over-year basis.

DHT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, August 17th will be paid a $1.22 dividend. 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 dividend on an annualized basis and a dividend yield of 24.7%. DHT’s dividend payout ratio (DPR) is currently 165.99%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DHT. EverSource Wealth Advisors LLC increased its holdings 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 acquiring an additional 1,596 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of 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 period. Western Wealth Management LLC bought a new position in shares of DHT during the 1st quarter valued at about $46,000. Leonteq Securities AG bought a new position in shares of DHT during the 4th quarter valued at about $59,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of DHT in the 3rd quarter valued at approximately $60,000. 58.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DHT shares. Weiss Ratings raised shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, August 7th. Wall Street Zen raised shares of DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.33.

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.