DHT Sees Unusually Large Options Volume (NYSE:DHT)

DHT Holdings, Inc. (NYSE:DHT) was the target of some unusual options trading on Friday. Traders acquired 2,590 call options on the company. This represents an increase of 54% compared to the typical volume of 1,685 call options.

Hedge Funds Weigh In On DHT

A number of hedge funds have recently added to or reduced their stakes in DHT. Principal Financial Group Inc. boosted its stake in DHT by 21.0% during the 3rd quarter. Principal Financial Group Inc. now owns 98,565 shares of the shipping company’s stock valued at $1,087,000 after purchasing an additional 17,094 shares during the last quarter. Victory Capital Management Inc. boosted its stake in DHT by 24.1% during the 3rd quarter. Victory Capital Management Inc. now owns 34,341 shares of the shipping company’s stock valued at $379,000 after purchasing an additional 6,673 shares during the last quarter. Intech Investment Management LLC acquired a new position in DHT during the 3rd quarter valued at about $611,000. Raymond James Trust N.A. acquired a new position in DHT during the 3rd quarter valued at about $159,000. Finally, Kingsview Wealth Management LLC acquired a new position in DHT during the 3rd quarter valued at about $2,611,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Stock Performance

Shares of DHT opened at $10.67 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50. The stock has a 50-day moving average of $10.89 and a 200-day moving average of $10.53. The company has a market cap of $1.72 billion, a PE ratio of 9.53 and a beta of -0.38. DHT has a one year low of $8.67 and a one year high of $12.80.

DHT (NYSE:DHT) last issued its earnings results on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. On average, equities research analysts predict that DHT will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a yield of 6.37%. DHT’s dividend payout ratio (DPR) is currently 60.71%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DHT. Kepler Capital Markets downgraded DHT from a “buy” rating to a “hold” rating and set a $9.70 price target for the company. in a report on Thursday, December 12th. Jefferies Financial Group increased their price target on DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $12.68.

DHT Company Profile

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.