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

DHT Holdings, Inc. (NYSE:DHT) insider Jon Stephen Eglin sold 25,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $20.35, for a total transaction of $508,750.00. Following the completion of the sale, the insider directly owned 299,622 shares of the company’s stock, valued at approximately $6,097,307.70. This represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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 Price Performance

DHT stock opened at $19.69 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.64 and a quick ratio of 3.32. DHT Holdings, Inc. has a 1 year low of $10.83 and a 1 year high of $20.62. The firm has a 50-day moving average of $18.32 and a 200 day moving average of $17.82. The company has a market cap of $3.17 billion, a P/E ratio of 6.70 and a beta of -0.11.

DHT (NYSE:DHT) last posted its quarterly earnings data on Wednesday, August 5th. The shipping company reported $1.22 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $247.17 million. During the same period in the previous year, the firm posted $0.35 EPS. The business’s revenue was up 174.8% on a year-over-year basis.

DHT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 17th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 24.8%. The ex-dividend date was Monday, August 17th. This is a boost from DHT’s previous quarterly dividend of $0.64. DHT’s dividend payout ratio (DPR) is 165.99%.

Institutional Investors Weigh In On DHT

Several institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System raised its holdings in DHT by 358.7% in the 2nd quarter. California State Teachers Retirement System now owns 33,589 shares of the shipping company’s stock worth $555,000 after acquiring an additional 26,266 shares during the last quarter. Raiffeisen Bank International AG boosted its stake in DHT by 42.4% during the 2nd quarter. Raiffeisen Bank International AG now owns 110,031 shares of the shipping company’s stock valued at $1,819,000 after purchasing an additional 32,765 shares during the last quarter. AXQ Capital LP bought a new stake in shares of DHT in the 2nd quarter worth $641,000. Triumph Capital Management increased its holdings in shares of DHT by 155.0% in the 2nd quarter. Triumph Capital Management now owns 3,697 shares of the shipping company’s stock worth $61,000 after purchasing an additional 2,247 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of DHT in the second quarter worth $299,000. Institutional investors own 58.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DHT shares. Wall Street Zen raised DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings raised shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.33.

About DHT

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.