DHT Holdings Inc (NYSE:DHT) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 8,430,000 shares, a drop of 9.7% from the August 31st total of 9,340,000 shares. Based on an average daily trading volume, of 3,060,000 shares, the short-interest ratio is presently 2.8 days.
A number of analysts recently issued reports on DHT shares. Kepler Capital Markets restated a “buy” rating and set a $12.00 price objective on shares of DHT in a report on Friday, August 21st. Stifel Nicolaus downgraded shares of DHT from a “buy” rating to a “hold” rating and reduced their target price for the stock from $8.00 to $5.00 in a research note on Thursday, June 18th. Finally, Zacks Investment Research downgraded shares of DHT from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. DHT has an average rating of “Hold” and an average target price of $7.78.
Several hedge funds have recently added to or reduced their stakes in DHT. Man Group plc boosted its position in shares of DHT by 398.3% in the second quarter. Man Group plc now owns 3,630,163 shares of the shipping company’s stock valued at $18,623,000 after acquiring an additional 2,901,659 shares during the period. Coatue Management LLC bought a new position in shares of DHT in the second quarter valued at approximately $9,045,000. TCW Group Inc. boosted its position in shares of DHT by 3,995.9% in the second quarter. TCW Group Inc. now owns 1,688,787 shares of the shipping company’s stock valued at $8,663,000 after acquiring an additional 1,647,556 shares during the period. Armor Advisors L.L.C. bought a new position in shares of DHT in the first quarter valued at approximately $9,162,000. Finally, Arosa Capital Management LP boosted its position in shares of DHT by 782.2% in the first quarter. Arosa Capital Management LP now owns 1,241,231 shares of the shipping company’s stock valued at $9,520,000 after acquiring an additional 1,100,530 shares during the period. Institutional investors own 56.98% of the company’s stock.
Shares of DHT traded down $0.01 during trading hours on Friday, hitting $5.18. The company’s stock had a trading volume of 1,904,470 shares, compared to its average volume of 4,345,666. The company has a market cap of $763.64 million, a price-to-earnings ratio of 3.14 and a beta of -0.21. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.40 and a quick ratio of 2.22. The business has a 50 day simple moving average of $5.56 and a two-hundred day simple moving average of $5.96. DHT has a 52-week low of $4.77 and a 52-week high of $8.83.
DHT (NYSE:DHT) last released its quarterly earnings data on Monday, August 10th. The shipping company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.03). DHT had a net margin of 36.38% and a return on equity of 28.92%. The firm had revenue of $202.70 million during the quarter, compared to the consensus estimate of $199.23 million. During the same quarter last year, the business posted ($0.07) earnings per share. DHT’s revenue was up 231.2% compared to the same quarter last year. Research analysts predict that DHT will post 2.04 earnings per share for the current year.
DHT Company Profile
DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of March 18, 2019, it had a fleet of 27 very large crude carriers with a capacity of 8,360,850 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.
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