Traders Purchase Large Volume of DHT Call Options (NYSE:DHT)

DHT Holdings, Inc. (NYSE:DHT - Get Free Report) was the target of unusually large options trading on Friday. Stock traders purchased 2,590 call options on the stock. This represents an increase of approximately 54% compared to the typical daily volume of 1,685 call options.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DHT shares. Jefferies Financial Group raised their price target on DHT from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Kepler Capital Markets cut shares of DHT from a "buy" rating to a "hold" rating and set a $9.70 target price for the company. in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $12.68.

DHT Stock Performance

NYSE:DHT remained flat at $10.90 on Tuesday. The company's stock had a trading volume of 1,671,624 shares, compared to its average volume of 1,746,395. DHT has a 12-month low of $8.67 and a 12-month high of $12.80. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 9.73 and a beta of -0.38. The firm has a 50 day moving average of $10.88 and a two-hundred day moving average of $10.53. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50.

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DHT (NYSE:DHT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. As a group, sell-side analysts anticipate that DHT will post 0.94 EPS for the current year.

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date of this dividend was Tuesday, February 18th. DHT's dividend payout ratio is presently 60.71%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Voloridge Investment Management LLC acquired a new stake in DHT during the fourth quarter worth approximately $1,498,000. Vident Advisory LLC lifted its holdings in DHT by 3.2% during the 4th quarter. Vident Advisory LLC now owns 53,228 shares of the shipping company's stock worth $495,000 after purchasing an additional 1,665 shares during the last quarter. Wexford Capital LP lifted its holdings in DHT by 11.6% during the 4th quarter. Wexford Capital LP now owns 48,000 shares of the shipping company's stock worth $446,000 after purchasing an additional 5,000 shares during the last quarter. Squarepoint Ops LLC grew its holdings in DHT by 1,109.9% in the 4th quarter. Squarepoint Ops LLC now owns 252,436 shares of the shipping company's stock valued at $2,345,000 after buying an additional 231,572 shares in the last quarter. Finally, Shell Asset Management Co. bought a new position in DHT during the 4th quarter worth $3,319,000. Institutional investors and hedge funds own 58.53% of the company's stock.

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.