DHT (NYSE:DHT) Shares a 10.5% Rise
Shares of DHT Holdings, Inc. (NYSE: DHT – Get Rating) jumped 10.5% during Tuesday’s session. The company traded as low as $5.96 and last traded at $5.91. 144,819 shares changed hands during trading, down 95% from the average session volume of 2,636,426 shares. The stock previously closed at $5.35.
A number of research companies have recently published reports on DHT. Jefferies Financial Group began covering DHT shares in a research report on Wednesday, April 27. They issued a “buy” rating for the company. StockNews.com downgraded DHT from a “hold” rating to a “sell” rating in a Tuesday, April 26 report. One analyst gave the stock a sell rating and four gave the company a buy rating. According to MarketBeat.com, DHT has a consensus rating of “Moderate Buy” and a consensus target price of $7.83.
The company has a 50-day simple moving average of $5.80 and a two-hundred-day simple moving average of $5.62. The stock has a market capitalization of $1.01 billion, a price-earnings ratio of -23.32 and a beta of -0.32. The company has a debt ratio of 0.49, a quick ratio of 2.09 and a current ratio of 2.88.
DHT (NYSE:DHT – Get Rating) last released its results on Monday, May 9. The shipping line reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.02). DHT had a negative net margin of 14.16% and a negative return on equity of 6.76%. The company posted revenue of $38.70 million in the quarter, versus a consensus estimate of $41.60 million. In the same quarter a year earlier, the company posted earnings of $0.05 per share. DHT’s revenue for the quarter decreased 45.7% compared to the same quarter last year. As a group, sell-side analysts expect DHT Holdings, Inc. to post earnings per share of 0.01 for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, May 26. Shareholders of record on Thursday, May 19 received a dividend of $0.02. This represents a dividend of $0.08 on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Wednesday, May 18. DHT’s dividend payout ratio (DPR) is currently -32.00%.
Several institutional investors have recently bought and sold shares of DHT. Dimensional Fund Advisors LP increased its position in DHT by 4.6% in Q1. Dimensional Fund Advisors LP now owns 11,978,143 shares of the shipping company valued at $69,473,000 after acquiring an additional 522,016 shares in the last quarter. BlackRock Inc. increased its holdings of DHT shares by 2.1% during the 4th quarter. BlackRock Inc. now owns 7,422,361 shares of the shipping company valued at $38,522,000 after purchasing an additional 151,376 shares during the period. Impala Asset Management LLC increased its holdings of DHT shares by 36.2% during the 4th quarter. Impala Asset Management LLC now owns 3,751,900 shares of the shipping company valued at $19,472,000 after purchasing an additional 997,874 shares during the period. Cooper Creek Partners Management LLC increased its equity stake in DHT by 84.9% during the 4th quarter. Cooper Creek Partners Management LLC now owns 3,617,512 shares of the shipping company valued at $18,775,000 after purchasing an additional 1,660,819 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in DHT by 12.7% in the 4th quarter. JPMorgan Chase & Co. now owns 2,899,545 shares of the shipping company worth $15,049,000 after purchasing an additional 326,527 shares during the period. Institutional investors hold 55.78% of the company’s shares.
DHT Company Profile (NYSE: DHT)
DHT Holdings, Inc, through its subsidiaries, owns and operates tankers primarily in Monaco, Singapore and Norway. As of March 17, 2022, it had a fleet of 26 very large crude carriers with a deadweight capacity of 8,043,657 tonnes. The company was incorporated in 2005 and is based in Hamilton, Bermuda.
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