DHT (NYSE:DHT) Shares Gap Up to $7.90

DHT Holdings, Inc. (NYSE:DHTGet Rating) gapped up before the market opened on Friday . The stock had previously closed at $7.90, but opened at $8.25. DHT shares last traded at $8.33, with a volume of 42,964 shares.

Analysts Set New Price Targets

DHT has been the subject of several research reports. Stifel Nicolaus lifted their price objective on DHT from $7.50 to $8.50 in a research report on Tuesday, July 19th. Jefferies Financial Group boosted their price objective on shares of DHT from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, September 6th. Finally, StockNews.com upgraded shares of DHT from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th.

DHT Trading Up 7.5 %

The company’s 50 day moving average price is $7.19 and its 200 day moving average price is $6.32. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.32 and a current ratio of 2.99. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -44.68 and a beta of -0.33.

DHT (NYSE:DHTGet Rating) last announced its quarterly earnings results on Wednesday, August 10th. The shipping company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.08. The firm had revenue of $54.05 million during the quarter, compared to the consensus estimate of $50.57 million. DHT had a negative net margin of 9.86% and a negative return on equity of 4.88%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the firm posted ($0.09) EPS. Research analysts anticipate that DHT Holdings, Inc. will post 0.07 EPS for the current year.

DHT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 30th. Investors of record on Tuesday, August 23rd were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.88%. This is an increase from DHT’s previous quarterly dividend of $0.02. The ex-dividend date was Monday, August 22nd. DHT’s payout ratio is presently -84.21%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DHT. Ellevest Inc. lifted its stake in DHT by 329.5% during the 1st quarter. Ellevest Inc. now owns 8,238 shares of the shipping company’s stock valued at $48,000 after acquiring an additional 6,320 shares in the last quarter. AQR Capital Management LLC purchased a new position in DHT during the 2nd quarter valued at about $80,000. Atria Wealth Solutions Inc. purchased a new position in DHT during the 2nd quarter valued at about $82,000. Aigen Investment Management LP purchased a new position in shares of DHT during the second quarter worth about $88,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of DHT during the first quarter worth about $86,000. Institutional investors own 53.58% of the company’s stock.

DHT Company Profile

(Get Rating)

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. As of March 17, 2022, it had a fleet of 26 very large crude carriers with a capacity of 8,043,657 deadweight tons. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.

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