DHT Sees Unusually High Options Volume (NYSE:DHT)

DHT Holdings, Inc. (NYSE:DHT) was the recipient of some unusual options trading on Wednesday. Investors purchased 10,920 put options on the company. This represents an increase of approximately 468% compared to the average daily volume of 1,921 put options.

Analyst Ratings Changes

Several research analysts have commented on the company. BTIG Research restated a “buy” rating and set a $16.00 price objective on shares of DHT in a report on Thursday, October 30th. Weiss Ratings reissued a “buy (b)” rating on shares of DHT in a research report on Wednesday, October 8th. Wall Street Zen downgraded DHT from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Evercore ISI upped their price objective on shares of DHT from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $16.00 target price on shares of DHT in a research report on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, DHT has an average rating of “Moderate Buy” and an average target price of $15.67.

Institutional Investors Weigh In On DHT

Hedge funds and other institutional investors have recently bought and sold shares of the company. Inspire Investing LLC purchased a new stake in shares of DHT during the 1st quarter valued at $729,000. Raymond James Financial Inc. increased its position in DHT by 19.3% during the 1st quarter. Raymond James Financial Inc. now owns 532,609 shares of the shipping company’s stock valued at $5,592,000 after buying an additional 86,115 shares in the last quarter. Energy Income Partners LLC raised its stake in DHT by 85.0% in the first quarter. Energy Income Partners LLC now owns 144,247 shares of the shipping company’s stock valued at $1,515,000 after buying an additional 66,284 shares during the last quarter. Bailard Inc. purchased a new stake in DHT in the second quarter valued at about $623,000. Finally, Nuveen LLC acquired a new stake in DHT in the first quarter worth about $3,660,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Trading Up 1.2%

Shares of NYSE DHT opened at $12.67 on Thursday. DHT has a 1-year low of $8.76 and a 1-year high of $13.85. The business has a fifty day moving average price of $12.78 and a 200 day moving average price of $12.00. The stock has a market capitalization of $2.03 billion, a P/E ratio of 10.21 and a beta of -0.08. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.41 and a quick ratio of 2.02.

DHT (NYSE:DHT) last announced its earnings results on Wednesday, October 29th. The shipping company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.11. The business had revenue of $107.35 million during the quarter, compared to the consensus estimate of $78.83 million. DHT had a net margin of 41.17% and a return on equity of 17.05%. The firm’s revenue was down 14.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 earnings per share. Equities research analysts expect that DHT will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, November 12th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Wednesday, November 12th. DHT’s payout ratio is 58.06%.

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.