Investors Buy Large Volume of DHT Call Options (NYSE:DHT)

DHT Holdings, Inc. (NYSE:DHT) was the recipient of unusually large options trading activity on Friday. Traders purchased 2,590 call options on the company. This is an increase of approximately 54% compared to the typical volume of 1,685 call options.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DHT. Tower Research Capital LLC TRC grew its stake in DHT by 84.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company’s stock valued at $26,000 after purchasing an additional 1,265 shares in the last quarter. Spire Wealth Management purchased a new position in shares of DHT during the 4th quarter valued at approximately $36,000. Banque Transatlantique SA purchased a new position in shares of DHT during the 4th quarter valued at approximately $37,000. Sterling Capital Management LLC grew its position in shares of DHT by 822.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company’s stock worth $40,000 after buying an additional 3,856 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of DHT in the third quarter worth $50,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Stock Down 2.8 %

NYSE DHT traded down $0.32 on Friday, reaching $10.82. The company had a trading volume of 370,209 shares, compared to its average volume of 1,745,300. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50. DHT has a 1 year low of $8.67 and a 1 year high of $12.80. The firm has a 50-day moving average of $10.90 and a 200-day moving average of $10.53. The firm has a market capitalization of $1.74 billion, a PE ratio of 9.68 and a beta of -0.38.

DHT (NYSE:DHT) last announced its earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. On average, equities research analysts anticipate that DHT will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.68 annualized dividend and a dividend yield of 6.29%. DHT’s dividend payout ratio is presently 60.71%.

Analyst Upgrades and Downgrades

DHT has been the topic of a number of recent research reports. Kepler Capital Markets cut shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price target on the stock. in a research report on Thursday, December 12th. Jefferies Financial Group lifted their target price on shares of DHT from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $12.68.

About DHT

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services. As of March 15, 2024, it had a fleet of 24 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.