DHT (NYSE:DHT) Shares Down 5.3%

DHT Holdings Inc (NYSE:DHT)’s share price traded down 5.3% during trading on Friday . The stock traded as low as $5.51 and last traded at $5.59, 2,117,318 shares traded hands during trading. A decline of 52% from the average session volume of 4,456,101 shares. The stock had previously closed at $5.90.

Several equities analysts have commented on the stock. Evercore ISI reissued a “buy” rating on shares of DHT in a research note on Sunday, February 9th. ValuEngine cut shares of DHT from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 8th. Zacks Investment Research cut shares of DHT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, TheStreet raised shares of DHT from a “c” rating to a “b-” rating in a research note on Monday.

The stock has a market cap of $856.63 million, a price-to-earnings ratio of 12.42, a PEG ratio of 1.03 and a beta of 0.64. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.36 and a current ratio of 1.58. The company’s 50 day simple moving average is $7.06 and its 200 day simple moving average is $6.75.

DHT (NYSE:DHT) last released its earnings results on Wednesday, February 5th. The shipping company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.15). The company had revenue of $141.70 million for the quarter, compared to analyst estimates of $154.31 million. DHT had a net margin of 13.77% and a return on equity of 9.09%. The firm’s quarterly revenue was up 66.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.08 EPS. Sell-side analysts predict that DHT Holdings Inc will post 1.11 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th will be paid a $0.32 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.28 annualized dividend and a dividend yield of 22.90%. This is a boost from DHT’s previous quarterly dividend of $0.05. DHT’s payout ratio is currently 35.09%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC grew its stake in shares of DHT by 27.6% in the 4th quarter. Renaissance Technologies LLC now owns 9,668,071 shares of the shipping company’s stock worth $80,052,000 after purchasing an additional 2,089,576 shares during the last quarter. FMR LLC grew its stake in shares of DHT by 106.3% in the 4th quarter. FMR LLC now owns 4,361,177 shares of the shipping company’s stock worth $36,111,000 after purchasing an additional 2,247,001 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of DHT by 148.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,582,524 shares of the shipping company’s stock worth $21,383,000 after purchasing an additional 1,545,154 shares during the last quarter. DNB Asset Management AS grew its stake in shares of DHT by 63.7% in the 4th quarter. DNB Asset Management AS now owns 2,196,581 shares of the shipping company’s stock worth $18,188,000 after purchasing an additional 854,781 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of DHT by 435.0% in the 4th quarter. Marshall Wace LLP now owns 1,862,780 shares of the shipping company’s stock worth $15,423,000 after purchasing an additional 1,514,598 shares during the last quarter. 46.56% of the stock is currently owned by institutional investors.

About DHT (NYSE:DHT)

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of March 18, 2019, it had a fleet of 27 very large crude carriers with a capacity of 8,360,850 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.

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