Stock Traders Purchase High Volume of Call Options on DHT (NYSE:DHT)

DHT Holdings, Inc. (NYSE:DHT) was the recipient of some unusual options trading on Friday. Stock investors purchased 2,590 call options on the company. This is an increase of 54% compared to the typical volume of 1,685 call options.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DHT. Tower Research Capital LLC TRC boosted its stake in DHT by 84.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company’s stock worth $26,000 after purchasing an additional 1,265 shares during the period. Spire Wealth Management purchased a new stake in shares of DHT in the fourth quarter valued at $36,000. Banque Transatlantique SA acquired a new stake in shares of DHT in the fourth quarter worth $37,000. Sterling Capital Management LLC grew its holdings in shares of DHT by 822.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company’s stock valued at $40,000 after buying an additional 3,856 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in DHT during the third quarter valued at $50,000. 58.53% of the stock is owned by hedge funds and other institutional investors.

DHT Price Performance

NYSE DHT opened at $10.67 on Friday. DHT has a 1 year low of $8.67 and a 1 year high of $12.80. The business’s fifty day moving average is $10.89 and its two-hundred day moving average is $10.53. The stock has a market capitalization of $1.72 billion, a P/E ratio of 9.53 and a beta of -0.38. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84.

DHT (NYSE:DHT) last announced 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, research analysts forecast that DHT will post 0.94 earnings per share for the current fiscal year.

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 6.37%. The ex-dividend date of this dividend was Tuesday, February 18th. DHT’s payout ratio is 60.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Jefferies Financial Group lifted their price target on DHT from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Kepler Capital Markets lowered DHT from a “buy” rating to a “hold” rating and set a $9.70 target price on the stock. in a report on Thursday, December 12th. Three 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. Based on data from MarketBeat.com, DHT presently has an average rating of “Moderate Buy” and a consensus target price 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.