DHT (NYSE:DHT) Director Jeremy Kramer Sells 29,796 Shares of Stock

DHT Holdings, Inc. (NYSE:DHT) Director Jeremy Kramer sold 29,796 shares of the firm’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 in the company, valued at approximately $1,330,341.80. The trade was a 29.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

DHT Stock Performance

Shares of DHT stock opened at $18.20 on Wednesday. The company has a market capitalization of $2.93 billion, a PE ratio of 6.19 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 company has a 50-day simple moving average of $17.86 and a two-hundred day simple moving average of $17.47. DHT Holdings, Inc. has a one year low of $10.69 and a one year high of $20.55.

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

DHT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, August 17th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, August 17th. This is a positive change from DHT’s previous quarterly dividend of $0.64. This represents a $4.88 dividend on an annualized basis and a yield of 26.8%. DHT’s dividend payout ratio is currently 87.07%.

Institutional Trading of DHT

A number of institutional investors have recently bought and sold shares of DHT. Baron Wealth Management LLC grew its position in shares of DHT by 4.2% during the 1st quarter. Baron Wealth Management LLC now owns 14,750 shares of the shipping company’s stock valued at $269,000 after acquiring an additional 592 shares during the period. MetLife Investment Management LLC raised its holdings in DHT by 1.4% in the 4th quarter. MetLife Investment Management LLC now owns 72,883 shares of the shipping company’s stock worth $890,000 after purchasing an additional 994 shares during the period. Harbour Investments Inc. raised its holdings in DHT by 16.0% in the 4th quarter. Harbour Investments Inc. now owns 7,237 shares of the shipping company’s stock worth $88,000 after purchasing an additional 1,000 shares during the period. Summit Financial LLC boosted its position in DHT by 0.9% during the fourth quarter. Summit Financial LLC now owns 119,438 shares of the shipping company’s stock worth $1,458,000 after purchasing an additional 1,111 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in DHT by 0.6% during the second quarter. First Trust Advisors LP now owns 177,393 shares of the shipping company’s stock worth $1,918,000 after purchasing an additional 1,114 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on DHT shares. Weiss Ratings raised shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday. BTIG Research increased their price objective on DHT from $18.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Evercore cut DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price objective for the company. in a research report on Wednesday, April 22nd. Finally, Wall Street Zen raised DHT from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.