DHT Holdings, Inc. (NYSE:DHT) Short Interest Down 5.8% in December

DHT Holdings, Inc. (NYSE:DHT) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 5,330,000 shares, a drop of 5.8% from the November 30th total of 5,660,000 shares. Currently, 3.8% of the shares of the stock are short sold. Based on an average daily volume of 1,670,000 shares, the short-interest ratio is currently 3.2 days.

DHT Trading Up 1.2 %

DHT stock traded up $0.11 during midday trading on Wednesday, hitting $9.29. 801,532 shares of the company’s stock were exchanged, compared to its average volume of 1,818,758. DHT has a 1-year low of $8.67 and a 1-year high of $12.80. The business has a 50-day simple moving average of $9.83 and a two-hundred day simple moving average of $10.70. The stock has a market capitalization of $1.50 billion, a PE ratio of 9.29 and a beta of -0.37. The company has a current ratio of 2.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.35.

DHT (NYSE:DHT) last issued its quarterly earnings data on Tuesday, November 12th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. DHT had a net margin of 27.72% and a return on equity of 15.58%. The firm had revenue of $92.64 million for the quarter, compared to analyst estimates of $87.51 million. During the same period in the previous year, the firm earned $0.19 EPS. DHT’s revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts predict that DHT will post 1 EPS for the current fiscal year.

DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.88 annualized dividend and a dividend yield of 9.47%. DHT’s dividend payout ratio is currently 88.00%.

Institutional Trading of DHT

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its stake in DHT by 10.0% during the third quarter. FMR LLC now owns 24,193,014 shares of the shipping company’s stock worth $266,849,000 after purchasing an additional 2,195,916 shares in the last quarter. Wasatch Advisors LP acquired a new position in DHT during the 3rd quarter worth about $55,472,000. Acadian Asset Management LLC lifted its stake in DHT by 43.8% during the 2nd quarter. Acadian Asset Management LLC now owns 3,388,665 shares of the shipping company’s stock worth $39,184,000 after acquiring an additional 1,032,832 shares in the last quarter. American Century Companies Inc. boosted its holdings in DHT by 43.8% during the 2nd quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company’s stock valued at $33,183,000 after acquiring an additional 873,356 shares during the period. Finally, Two Sigma Advisers LP grew its position in DHT by 15.7% in the 3rd quarter. Two Sigma Advisers LP now owns 2,102,800 shares of the shipping company’s stock valued at $23,194,000 after acquiring an additional 284,900 shares in the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on DHT shares. Kepler Capital Markets downgraded shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price objective for the company. in a report on Thursday, December 12th. BTIG Research started coverage on DHT in a report on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price target for the company. Fearnley Fonds upgraded DHT to a “strong-buy” rating in a research report on Friday, September 27th. Stifel Nicolaus dropped their target price on DHT from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $14.00 price target on shares of DHT in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.54.

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.