DHT Holdings, Inc. (NYSE:DHT) Short Interest Update

DHT Holdings, Inc. (NYSE:DHT - Get Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 3,670,000 shares, a decrease of 40.0% from the May 15th total of 6,120,000 shares. Based on an average trading volume of 1,740,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.9% of the company's shares are sold short.

Institutional Trading of DHT

Several hedge funds have recently modified their holdings of the stock. Inspire Investing LLC acquired a new stake in DHT in the first quarter worth $729,000. Empowered Funds LLC grew its stake in shares of DHT by 85.0% in the 1st quarter. Empowered Funds LLC now owns 564,472 shares of the shipping company's stock valued at $5,927,000 after buying an additional 259,276 shares during the period. Teza Capital Management LLC bought a new stake in DHT in the 1st quarter valued at about $146,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in DHT by 9.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,078,387 shares of the shipping company's stock worth $11,323,000 after buying an additional 91,594 shares during the period. Finally, Interval Partners LP acquired a new position in DHT during the 1st quarter worth approximately $511,000. Institutional investors own 58.53% of the company's stock.

DHT Trading Down 1.4%

DHT stock traded down $0.17 during midday trading on Thursday, hitting $11.96. The stock had a trading volume of 3,067,998 shares, compared to its average volume of 1,894,976. The company has a current ratio of 1.59, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.92 billion, a P/E ratio of 10.87 and a beta of 0.07. The business has a fifty day moving average price of $11.17 and a two-hundred day moving average price of $10.63. DHT has a 1-year low of $8.67 and a 1-year high of $12.32.

DHT (NYSE:DHT - Get Free Report) last announced its earnings results on Tuesday, May 6th. The shipping company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.15 by $0.12. The company had revenue of $79.34 million for the quarter, compared to analyst estimates of $84.00 million. DHT had a return on equity of 17.08% and a net margin of 32.87%. The firm's revenue for the quarter was down 25.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 EPS. On average, sell-side analysts predict that DHT will post 0.94 earnings per share for the current fiscal year.

DHT Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, May 28th. Stockholders of record on Thursday, May 22nd were given a dividend of $0.15 per share. This represents a dividend yield of 5.1%. The ex-dividend date was Wednesday, May 21st. DHT's dividend payout ratio (DPR) is 54.55%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DHT. Jefferies Financial Group reiterated a "buy" rating and set a $15.00 price target on shares of DHT in a report on Wednesday, May 7th. Evercore ISI reduced their price target on DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Three investment 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 company. According to data from MarketBeat.com, DHT presently has a consensus rating of "Moderate Buy" and an average target price of $12.94.

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.