DHT Target of Unusually High Options Trading (NYSE:DHT) – MarketBeat | Jewelry Dukan

DHT Holdings, Inc. (NYSE:DHT – Get Rating) was the target of an unusually large options trade on Monday. Traders bought 3,488 call options on the stock. This represents a 195% increase over the typical volume of 1,183 call options.

Institutional investors rely on DHT

A number of hedge funds and other institutional investors have recently changed their DHT holdings. First Trust Advisors LP acquired a new interest in DHT stock valued at approximately $95,000 during the fourth quarter. Bank of America Corp DE increased its position in DHT by 667.5% during the fourth quarter. Bank of America Corp DE now owns 786,148 shares of the shipping company, valued at $4,080,000, after buying another 683,712 shares last quarter. HighTower Advisors LLC increased its position in DHT by 664.6% during the fourth quarter. HighTower Advisors LLC now owns 171,762 shares of the shipping company’s stock valued at $888,000 after purchasing an additional 149,298 shares last quarter. Qube Research & Technologies Ltd bought a new position in DHT valued at approximately $143,000 during the fourth quarter. Finally, JPMorgan Chase & Co. increased its position in DHT by 12.7% in the fourth quarter. JPMorgan Chase & Co. now owns 2,899,545 shares of the shipping company’s stock valued at $15,049,000 after purchasing an additional 326,527 shares last quarter. Institutional investors own 53.58% of the company’s shares.

DHT price performance

Shares of DHT rose $0.46 on Monday lunchtime to hit $9.17. The stock had a trading volume of 270,717 shares compared to an average volume of 2,503,432. The company’s 50-day moving average is $7.46 and its 200-day moving average is $6.42. DHT has a 12-month low of $4.55 and a 12-month high of $8.92. The company has a current ratio of 2.99, a quick ratio of 2.32 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -48.05 and a beta of -0.33.

DHT (NYSE:DHT – Get Rating) last announced its earnings results on Wednesday, August 10th. The shipping company reported earnings per share of $0.06 for the quarter, beating analysts’ consensus estimate of ($0.02) by $0.08. DHT had a negative return on equity of 4.88% and a negative net margin of 9.86%. The company had revenue of $54.05 million for the quarter, compared to analyst estimates of $50.57 million. In the same quarter last year, the company posted ($0.09) EPS. DHT’s revenue for the quarter increased 19.5% year over year. On average, equity analysts are forecasting that DHT will post 0.07 EPS for the current fiscal year.

DHT increases the dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 30th. A dividend of $0.04 was paid to shareholders of record on Tuesday, August 23. That equates to a dividend of $0.16 on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Monday August 22nd. This is a positive change from DHT’s previous quarterly dividend of $0.02. The RTP of DHT is -84.21%.

Changes in analyst ratings

Several equity analysts have recently commented on DHT stocks. Stifel Nicolaus increased his price target on DHT to $8.50 from $7.50 in a research note on Tuesday, July 19. StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a report Wednesday, August 10. Finally, Jefferies Financial Group raised its price target on DHT to $10.00 from $9.00 and gave the stock a “buy” rating in a report on Tuesday, September 6th.

About DHT

(get rating)

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore and Norway. As of 17 March 2022, it had a fleet of 26 very large crude oil carriers with a capacity of 8,043,657 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.

Further reading

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