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

DHT Holdings, Inc. (NYSE:DHT) insider Jon Stephen Eglin sold 25,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $20.35, for a total transaction of $508,750.00. Following the transaction, the insider owned 299,622 shares of the company’s stock, valued at $6,097,307.70. The trade was a 7.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, August 19th, Jon Stephen 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 Stock Down 2.8%

Shares of DHT stock opened at $19.18 on Wednesday. The company has a current ratio of 3.64, a quick ratio of 3.32 and a debt-to-equity ratio of 0.29. DHT Holdings, Inc. has a 1 year low of $10.83 and a 1 year high of $20.62. The firm’s fifty day moving average price is $18.34 and its two-hundred day moving average price is $17.86. The firm has a market capitalization of $3.09 billion, a P/E ratio of 6.52 and a beta of -0.11.

DHT (NYSE:DHT) last issued its quarterly earnings results on Wednesday, August 5th. The shipping company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.18 by $0.04. The firm had revenue of $254.96 million for the quarter, compared to analysts’ expectations of $247.17 million. DHT had a net margin of 65.52% and a return on equity of 39.40%. The company’s revenue for the quarter was up 174.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS.

DHT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were issued a dividend of $1.22 per share. The ex-dividend date 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 yield of 25.4%. DHT’s dividend payout ratio is currently 165.99%.

Analyst Ratings Changes

A number of research firms have weighed in on DHT. Wall Street Zen upgraded DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings lowered DHT from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.33.

Institutional Trading of DHT

A number of large investors have recently added to or reduced their stakes in DHT. Baron Wealth Management LLC lifted its position in shares of DHT by 4.2% in the 1st quarter. Baron Wealth Management LLC now owns 14,750 shares of the shipping company’s stock worth $269,000 after purchasing an additional 592 shares during the period. MetLife Investment Management LLC increased its position in shares of DHT by 1.4% during the fourth quarter. MetLife Investment Management LLC now owns 72,883 shares of the shipping company’s stock worth $890,000 after buying an additional 994 shares during the period. Harbour Investments Inc. increased its position in shares of DHT by 16.0% during the fourth quarter. Harbour Investments Inc. now owns 7,237 shares of the shipping company’s stock worth $88,000 after buying an additional 1,000 shares during the period. Summit Financial LLC raised its stake in DHT by 0.9% during the fourth quarter. Summit Financial LLC now owns 119,438 shares of the shipping company’s stock worth $1,458,000 after buying an additional 1,111 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in DHT by 0.6% during the second quarter. First Trust Advisors LP now owns 177,393 shares of the shipping company’s stock worth $1,918,000 after buying an additional 1,114 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

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.