DHT (NYSE:DHT) Trading Up 3%

DHT Holdings, Inc. (NYSE:DHTGet Rating)’s stock price was up 3% on Wednesday . The stock traded as high as $5.85 and last traded at $5.82. Approximately 17,731 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 2,489,178 shares. The stock had previously closed at $5.65.

Several equities analysts recently weighed in on DHT shares. StockNews.com downgraded shares of DHT from a “hold” rating to a “sell” rating in a report on Tuesday, April 26th. Jefferies Financial Group started coverage on shares of DHT in a report on Wednesday, April 27th. They issued a “buy” rating on the stock. Finally, Zacks Investment Research upgraded shares of DHT from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $7.83.

The stock has a market cap of $976.98 million, a PE ratio of -23.12 and a beta of -0.32. The company has a current ratio of 2.88, a quick ratio of 2.09 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $5.77 and a 200-day moving average price of $5.63.

DHT (NYSE:DHTGet Rating) last announced its earnings results on Monday, May 9th. The shipping company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. DHT had a negative return on equity of 6.76% and a negative net margin of 14.16%. The firm had revenue of $38.70 million for the quarter, compared to analyst estimates of $41.60 million. During the same quarter last year, the firm posted $0.05 EPS. The business’s revenue was down 45.7% on a year-over-year basis. Equities analysts expect that DHT Holdings, Inc. will post 0.01 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 26th. Shareholders of record on Thursday, May 19th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Wednesday, May 18th. DHT’s dividend payout ratio (DPR) is presently -32.00%.

Institutional investors and hedge funds have recently modified their holdings of the business. Dean Investment Associates LLC increased its stake in shares of DHT by 15.7% in the 3rd quarter. Dean Investment Associates LLC now owns 444,639 shares of the shipping company’s stock worth $2,903,000 after acquiring an additional 60,270 shares during the last quarter. VR Advisory Services Ltd acquired a new stake in shares of DHT during the 3rd quarter worth about $1,260,000. American Century Companies Inc. increased its position in shares of DHT by 9.7% during the 4th quarter. American Century Companies Inc. now owns 540,847 shares of the shipping company’s stock worth $2,807,000 after purchasing an additional 47,791 shares during the last quarter. Marshall Wace LLP increased its position in shares of DHT by 831.3% during the 3rd quarter. Marshall Wace LLP now owns 841,171 shares of the shipping company’s stock worth $5,493,000 after purchasing an additional 750,848 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of DHT during the 3rd quarter worth about $78,000. 55.78% of the stock is owned by institutional investors and hedge funds.

DHT Company Profile (NYSE:DHT)

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. As of March 17, 2022, it had a fleet of 26 very large crude carriers with a capacity of 8,043,657 deadweight tons. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.

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