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

DHT Holdings, Inc. (NYSE:DHT) CFO Laila Cecilie Halvorsen sold 50,000 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer owned 161,011 shares of the company’s stock, valued at approximately $3,220,220. The trade was a 23.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

DHT Stock Performance

NYSE DHT opened at $19.74 on Friday. The company’s fifty day moving average is $18.30 and its two-hundred day moving average is $17.76. DHT Holdings, Inc. has a 52-week low of $10.83 and a 52-week high of $20.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.64 and a quick ratio of 3.32. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 6.71 and a beta of -0.11.

DHT (NYSE:DHT) last announced 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 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 quarter in the prior year, the business earned $0.35 earnings per share. The firm’s revenue for the quarter was up 174.8% on a year-over-year basis.

DHT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, August 17th will be given a dividend of $1.22 per share. This is a boost from DHT’s previous quarterly dividend of $0.64. This represents a $4.88 dividend on an annualized basis and a dividend yield of 24.7%. The ex-dividend date is Monday, August 17th. DHT’s dividend payout ratio (DPR) is presently 165.99%.

Institutional Trading of DHT

Several institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its position in DHT by 91.8% in the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock valued at $36,000 after acquiring an additional 1,596 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings 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 valued at $43,000 after acquiring an additional 3,022 shares during the period. Western Wealth Management LLC bought a new position in shares of DHT during the first quarter valued at $46,000. Leonteq Securities AG acquired a new stake in shares of DHT in the 4th quarter valued at $59,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of DHT in the 3rd quarter valued at $60,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

Analyst Ratings Changes

DHT has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, August 7th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, DHT presently 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.