Positives for DHT Holdings Inc (DHT) as stock gains in recent trading

DHT Holdings Inc (NYSE: DHT) is 15.90% higher on its value in year-to-date trading and has touched a low of $7.30 and a high of $12.13 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DHT stock was last observed hovering at around $11.05 in the last trading session, with the day’s gains setting it 0.32%.

Currently trading at $11.37, the stock is 4.11% and 8.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.04 million and changing 2.90% at the moment leaves the stock 18.05% off its SMA200. DHT registered 9.43% gain for a year compared to 6-month gain of 18.68%. The firm has a 50-day simple moving average (SMA 50) of $3.90 and a 200-day simple moving average (SMA200) of $7.19.

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The stock witnessed a 6.16% loss in the last 1 month and extending the period to 3 months gives it a 12.57%, and is 8.29% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.54% over the week and 3.15% over the month.

DHT Holdings Inc (DHT) has around Feb 20 2024 employees, a market worth around $1.85B and $556.08M in sales. Current P/E ratio is 11.45 and Fwd P/E is 5.00. Profit margin for the company is 29.02%. Distance from 52-week low is 55.75% and -6.27% from its 52-week high. The company has generated returns on investments over the last 12 months (11.32%).

DHT Holdings Inc quarterly earnings per share for the current quarter are estimated at $0.34 with sales reaching $126.31M over the same period.The EPS is expected to grow by 62.88% this year, but quarterly earnings will post 29.40% year-over-year. Quarterly sales are estimated to grow 34.50% in year-over-year returns.

DHT Holdings Inc (DHT) Top Institutional Holders

264 institutions hold shares in DHT Holdings Inc (DHT), with institutional investors hold 77.06% of the company’s shares. The shares outstanding are 161.00M, and float is at 135.38M with Short Float at 3.17%. Institutions hold 64.00% of the Float.

The top institutional shareholder in the company is Dimensional Fund Advisors LP with over 13.19 million shares valued at $112.5 million. The investor’s holdings represent 8.11% of the DHT Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 11.31 million shares valued at $96.51 million to account for 6.96% of the shares outstanding. The other top investors are Blackrock Inc. which holds 9.57 million shares representing 5.88% and valued at over $81.64 million, while Goldman Sachs Group Inc holds 3.02% of the shares totaling 4.91 million with a market value of $41.85 million.

DHT Holdings Inc (DHT): Who are the competitors?

The company’s main competitors (and peers) include Ardmore Shipping Corp. (ASC) that is trading -0.36% down over the past 12 months. Frontline PLC (FRO) that is 35.30% higher over the same period.