DHT (NYSE:DHT) Shares Gap Down to $5.69

DHT Holdings, Inc. (NYSE:DHTGet Rating)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $5.69, but opened at $5.57. DHT shares last traded at $5.58, with a volume of 40,248 shares traded.

A number of brokerages have recently weighed in on DHT. Jefferies Financial Group assumed coverage on DHT in a research note on Wednesday, April 27th. They issued a “buy” rating for the company. StockNews.com cut DHT from a “hold” rating to a “sell” rating in a research report on Tuesday, April 26th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $7.83.

The company has a debt-to-equity ratio of 0.49, a current ratio of 2.88 and a quick ratio of 2.09. The company’s 50-day simple moving average is $5.85 and its 200 day simple moving average is $5.62.

DHT (NYSE:DHTGet Rating) last announced its earnings results on Monday, May 9th. The shipping company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 had revenue of $38.70 million during the quarter, compared to the consensus estimate of $41.60 million. During the same quarter in the prior year, the company earned $0.05 EPS. The business’s quarterly revenue was down 45.7% on a year-over-year basis. As a group, equities research analysts forecast that DHT Holdings, Inc. will post 0.01 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 26th. Shareholders of record on Thursday, May 19th were given a $0.02 dividend. The ex-dividend date was Wednesday, May 18th. This represents a $0.08 annualized dividend and a yield of 1.47%. DHT’s dividend payout ratio is presently -32.00%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Deutsche Bank AG increased its holdings in shares of DHT by 2.6% during the fourth quarter. Deutsche Bank AG now owns 86,366 shares of the shipping company’s stock valued at $448,000 after acquiring an additional 2,198 shares in the last quarter. Toroso Investments LLC boosted its holdings in DHT by 14.3% during the 4th quarter. Toroso Investments LLC now owns 23,234 shares of the shipping company’s stock valued at $121,000 after acquiring an additional 2,909 shares during the period. Invesco Ltd. raised its position in shares of DHT by 1.1% in the 4th quarter. Invesco Ltd. now owns 322,673 shares of the shipping company’s stock worth $1,674,000 after acquiring an additional 3,586 shares in the last quarter. UBS Group AG increased its holdings in shares of DHT by 14.9% in the third quarter. UBS Group AG now owns 32,314 shares of the shipping company’s stock valued at $211,000 after purchasing an additional 4,188 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in DHT by 1.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 241,563 shares of the shipping company’s stock worth $1,254,000 after purchasing an additional 4,357 shares in the last quarter. 55.78% of the stock is owned by institutional investors and hedge funds.

DHT Company Profile (NYSE:DHT)

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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