DHT Holdings, Purchased 1.1M of its Own Shares at Average Price of $8.7219 During Q3
Portfolio Pulse from Benzinga Newsdesk
DHT Holdings, Inc. (NYSE:DHT) has announced that it purchased 1,137,583 of its own shares, equivalent to 0.7% of its outstanding shares, at an average price of $8.7219 during the third quarter. The shares have been retired upon receipt.
October 03, 2023 | 10:48 am
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DHT Holdings' purchase of its own shares could indicate the company's confidence in its own stock, potentially leading to a positive impact on the stock price.
Companies often buy back their own shares when they believe the stock is undervalued, which can be a positive signal to investors. This could potentially lead to an increase in the stock price. However, the actual impact will depend on various other factors, including the overall market conditions and investor sentiment towards the company.
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