Sophie Rossini Sells 33,000 Shares of DHT (NYSE:DHT) Stock

DHT Holdings, Inc. (NYSE:DHT) Director Sophie Rossini sold 33,000 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $20.04, for a total transaction of $661,320.00. Following the completion of the sale, the director owned 78,543 shares in the company, valued at $1,574,001.72. This represents a 29.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

DHT Stock Down 2.8%

DHT opened at $19.18 on Wednesday. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 6.52 and a beta of -0.11. 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 50-day simple moving average is $18.34 and its 200-day simple moving average is $17.86. DHT Holdings, Inc. has a twelve month low of $10.83 and a twelve month high of $20.62.

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

DHT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 17th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, August 17th. This is a positive change from DHT’s previous quarterly dividend of $0.64. This represents a $4.88 annualized dividend and a dividend yield of 25.4%. DHT’s dividend payout ratio (DPR) is 165.99%.

Hedge Funds Weigh In On DHT

Several large investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its stake in shares of DHT by 74.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,315,767 shares of the shipping company’s stock valued at $78,849,000 after purchasing an additional 1,836,892 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of DHT by 1.5% during the 4th quarter. Victory Capital Management Inc. now owns 3,008,679 shares of the shipping company’s stock worth $36,736,000 after buying an additional 44,986 shares during the period. Wasatch Advisors LP raised its stake in shares of DHT by 11.9% during the third quarter. Wasatch Advisors LP now owns 2,329,182 shares of the shipping company’s stock worth $27,834,000 after buying an additional 248,620 shares during the last quarter. State Street Corp raised its stake in shares of DHT by 0.8% during the fourth quarter. State Street Corp now owns 2,269,460 shares of the shipping company’s stock worth $27,710,000 after buying an additional 17,221 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in DHT by 60.7% in the third quarter. Qube Research & Technologies Ltd now owns 1,732,003 shares of the shipping company’s stock valued at $20,697,000 after buying an additional 654,299 shares during the period. Institutional investors and hedge funds own 58.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings lowered DHT from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday. Wall Street Zen upgraded DHT from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.