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

DHT Holdings, Inc. (NYSE:DHT) insider Jon Eglin sold 25,000 shares of the company’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $21.00, for a total value of $525,000.00. Following the sale, the insider owned 274,622 shares of the company’s stock, valued at approximately $5,767,062. This trade represents a 8.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Friday, August 21st, Jon Eglin sold 25,000 shares of DHT stock. The stock was sold at an average price of $20.35, for a total value 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 value of $999,500.00.

DHT Trading Up 1.7%

DHT stock opened at $21.17 on Thursday. DHT Holdings, Inc. has a 52-week low of $10.83 and a 52-week high of $21.29. The company has a market cap of $3.41 billion, a P/E ratio of 7.20 and a beta of -0.09. The company has a quick ratio of 3.32, a current ratio of 3.64 and a debt-to-equity ratio of 0.29. The business has a 50-day simple moving average of $18.74 and a two-hundred day simple moving average of $18.20.

DHT (NYSE:DHT) last issued its quarterly earnings data on Wednesday, August 5th. The shipping company reported $1.22 earnings per share 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 business’s quarterly revenue was up 174.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 EPS.

DHT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 17th were given a $1.22 dividend. 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 23.1%. DHT’s payout ratio is 165.99%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded DHT from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, DHT has an average rating of “Moderate Buy” and an average price target of $19.33.

Institutional Investors Weigh In On DHT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DHT. Arrowstreet Capital Limited Partnership lifted its holdings in DHT by 74.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,315,767 shares of the shipping company’s stock valued at $78,849,000 after purchasing an additional 1,836,892 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of DHT by 1.5% in the fourth quarter. Victory Capital Management Inc. now owns 3,008,679 shares of the shipping company’s stock worth $36,736,000 after purchasing an additional 44,986 shares in the last quarter. Wasatch Advisors LP raised its position in shares of DHT by 11.9% during the 3rd quarter. Wasatch Advisors LP now owns 2,329,182 shares of the shipping company’s stock valued at $27,834,000 after purchasing an additional 248,620 shares during the period. State Street Corp lifted its stake in shares of DHT by 0.8% during the 4th quarter. State Street Corp now owns 2,269,460 shares of the shipping company’s stock valued at $27,710,000 after buying an additional 17,221 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in shares of DHT by 60.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,732,003 shares of the shipping company’s stock valued at $20,697,000 after buying an additional 654,299 shares in the last quarter. Institutional investors 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.