DHT Sees Unusually High Options Volume (NYSE:DHT)

DHT Holdings, Inc. (NYSE:DHT) saw some unusual options trading on Friday. Investors bought 52,651 call options on the stock. This represents an increase of approximately 280% compared to the typical daily volume of 13,866 call options.

Institutional Investors Weigh In On DHT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DHT. Federated Hermes Inc. lifted its holdings in DHT by 101.6% during the third quarter. Federated Hermes Inc. now owns 2,714 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 1,368 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of DHT by 190.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,020 shares of the shipping company’s stock worth $33,000 after purchasing an additional 1,982 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in DHT by 91.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock worth $36,000 after acquiring an additional 1,596 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in DHT by 568.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,554 shares of the shipping company’s stock valued at $43,000 after purchasing an additional 3,022 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of DHT by 96.5% during the 3rd quarter. Fifth Third Bancorp now owns 4,159 shares of the shipping company’s stock valued at $50,000 after buying an additional 2,042 shares in the last quarter. Institutional investors own 58.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of DHT in a report on Wednesday, January 21st. Dnb Carnegie downgraded shares of DHT from a “strong-buy” rating to a “hold” rating in a report on Tuesday. BTIG Research upped their price objective on shares of DHT from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Finally, Wall Street Zen cut DHT from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, DHT presently has a consensus rating of “Moderate Buy” and an average target price of $16.33.

DHT Stock Performance

Shares of NYSE DHT opened at $18.06 on Friday. DHT has a 12-month low of $8.99 and a 12-month high of $20.55. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 13.78 and a beta of -0.13. The company has a current ratio of 2.80, a quick ratio of 2.47 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $14.94 and a 200 day moving average of $13.30.

DHT (NYSE:DHT) last issued its quarterly earnings results on Wednesday, February 4th. The shipping company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. The business had revenue of $117.80 million for the quarter, compared to analysts’ expectations of $116.96 million. DHT had a net margin of 42.35% and a return on equity of 17.70%. The company’s revenue was up 37.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. On average, research analysts anticipate that DHT will post 0.94 earnings per share for the current year.

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Thursday, February 19th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend was Thursday, February 19th. This is an increase from DHT’s previous quarterly dividend of $0.18. DHT’s payout ratio is presently 125.19%.

DHT Company Profile

DHT Holdings, Inc (NYSE: DHT) is a Bermuda-based independent crude oil tanker company that provides seaborne transportation of crude oil on a worldwide basis. The company’s core business involves the ownership and operation of a modern fleet of Very Large Crude Carriers (VLCCs) and Suezmax tankers, which are chartered to oil producers, trading houses and national oil companies. Through spot charters, time-charters and tanker pooling arrangements, DHT connects crude oil exporters with refining hubs in Asia, Europe, North America and other global markets.

Founded in 2005 and listed on the New York Stock Exchange later that year, DHT has grown its presence in the maritime sector by focusing on operational efficiency and disciplined capital management.