DHT Target of Unusually Large Options Trading (NYSE:DHT)

DHT Holdings, Inc. (NYSE:DHT) was the target of some unusual options trading on Friday. Stock investors acquired 2,590 call options on the company. This represents an increase of 54% compared to the average daily volume of 1,685 call options.

Institutional Investors Weigh In On DHT

A number of hedge funds have recently made changes to their positions in DHT. Wasatch Advisors LP acquired a new stake in DHT in the 3rd quarter valued at approximately $55,472,000. FMR LLC grew its stake in shares of DHT by 10.0% in the third quarter. FMR LLC now owns 24,193,014 shares of the shipping company’s stock worth $266,849,000 after purchasing an additional 2,195,916 shares in the last quarter. DME Capital Management LP increased its holdings in shares of DHT by 20.8% during the fourth quarter. DME Capital Management LP now owns 5,245,984 shares of the shipping company’s stock valued at $48,735,000 after purchasing an additional 902,704 shares during the period. Bridgeway Capital Management LLC bought a new stake in shares of DHT during the fourth quarter valued at about $8,126,000. Finally, Victory Capital Management Inc. lifted its holdings in DHT by 1,367.3% in the fourth quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company’s stock worth $4,681,000 after purchasing an additional 469,528 shares during the period. Institutional investors own 58.53% of the company’s stock.

DHT Trading Down 4.1 %

NYSE:DHT opened at $10.67 on Friday. The firm has a market capitalization of $1.72 billion, a P/E ratio of 9.53 and a beta of -0.38. The business has a 50 day simple moving average of $10.89 and a 200 day simple moving average of $10.53. 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 12-month low of $8.67 and a 12-month high of $12.80.

DHT (NYSE:DHT) last announced its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) 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%. Equities research analysts predict that DHT will post 0.94 EPS for the current year.

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 6.37%. The ex-dividend date was Tuesday, February 18th. DHT’s dividend payout ratio (DPR) is 60.71%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Jefferies Financial Group raised their price objective on DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Kepler Capital Markets cut shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 target price on the stock. in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus 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.