Insider Selling: DHT (NYSE:DHT) Insider Sells $999,500.00 in Stock

DHT Holdings, Inc. (NYSE:DHT - Get Free Report) insider Jon Stephen Eglin sold 50,000 shares of the company's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $19.99, for a total value of $999,500.00. Following the sale, the insider owned 324,622 shares of the company's stock, valued at approximately $6,489,193.78. This trade represents a 13.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

DHT Trading Down 0.3%

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Shares of NYSE:DHT opened at $19.74 on Friday. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 6.71 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 stock's 50-day simple moving average is $18.30 and its two-hundred day simple moving average is $17.76. DHT Holdings, Inc. has a 52-week low of $10.83 and a 52-week high of $20.62.

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DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The shipping company reported $1.22 earnings per share (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 period in the previous year, the company posted $0.35 EPS. The business's quarterly revenue was up 174.8% compared to the same quarter last year.

DHT Increases Dividend

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, August 17th will be issued a $1.22 dividend. 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 dividend yield of 24.7%. DHT's payout ratio is 165.99%.

Wall Street Analysts Forecast Growth

DHT has been the subject of a number of research reports. Weiss Ratings raised shares of DHT from a "buy (b)" rating to a "buy (b+)" rating in a report on Friday, August 7th. Wall Street Zen upgraded 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 issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $19.33.

Get Our Latest Analysis on DHT

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DHT. EverSource Wealth Advisors LLC increased its stake in DHT by 91.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company's stock worth $36,000 after buying an additional 1,596 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in 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 purchased a new position in shares of DHT in the first quarter valued at about $46,000. Leonteq Securities AG purchased a new position in shares of DHT in the fourth quarter valued at about $59,000. Finally, Sunbelt Securities Inc. bought a new position in shares of DHT in the third quarter worth about $60,000. Institutional investors own 58.53% of the company's stock.

DHT Company Profile

(Get Free Report)

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.

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