DHT (NYSE:DHT) Insider Jon Stephen Eglin Sells 25,000 Shares

DHT Holdings, Inc. (NYSE:DHT) insider Jon Eglin sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $21.00, for a total value of $525,000.00. Following the transaction, the insider directly owned 274,622 shares in the company, valued at $5,767,062. This trade represents a 8.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Jon Stephen Eglin also recently made the following trade(s):

• On Friday, August 21st, Jon Eglin sold 25,000 shares of DHT stock. The shares were sold at an average price of $20.35, for a total transaction of $508,750.00.
• On Wednesday, August 19th, Jon Eglin sold 50,000 shares of DHT stock. The shares were sold at an average price of $19.99, for a total transaction of $999,500.00.

DHT Price Performance

NYSE:DHT opened at $20.79 on Wednesday. DHT Holdings, Inc. has a 12-month low of $10.83 and a 12-month high of $21.15. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 7.07 and a beta of -0.09. The stock’s 50 day moving average price is $18.64 and its two-hundred day moving average price is $18.17. The company has a quick ratio of 3.32, a current ratio of 3.64 and a debt-to-equity ratio of 0.29.

DHT (NYSE:DHT) last posted its earnings results on Wednesday, August 5th. The shipping company reported $1.22 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $247.17 million. During the same period in the previous year, the firm earned $0.35 EPS. The firm’s revenue was up 174.8% compared to the same quarter last year.

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 17th were given a $1.22 dividend. The ex-dividend date of this dividend was Monday, August 17th. This is a boost from DHT’s previous quarterly dividend of $0.64. This represents a $4.88 annualized dividend and a dividend yield of 23.5%. DHT’s payout ratio is currently 165.99%.

Institutional Trading of DHT

Several hedge funds have recently added to or reduced their stakes in DHT. AQR Capital Management LLC grew its holdings in DHT by 178.9% in the 1st quarter. AQR Capital Management LLC now owns 70,582 shares of the shipping company’s stock valued at $741,000 after buying an additional 45,275 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of DHT during the second quarter worth $171,000. Creative Planning lifted its holdings in shares of DHT by 34.1% during the second quarter. Creative Planning now owns 15,189 shares of the shipping company’s stock worth $164,000 after buying an additional 3,859 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of DHT by 11.3% in the second quarter. JPMorgan Chase & Co. now owns 400,068 shares of the shipping company’s stock valued at $4,325,000 after acquiring an additional 40,574 shares during the period. Finally, Prudential Financial Inc. bought a new stake in shares of DHT in the second quarter valued at about $162,000. 58.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of DHT from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, August 24th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.33.

DHT Company Profile

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.