Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Are Dumping DHT Holdings Inc (DHT)

Judging by the fact that DHT Holdings Inc (NYSE:DHT) has faced a falling interest from the entirety of the hedge funds we track, it’s safe to say that there were a few hedge funds that elected to cut their positions entirely last quarter. Interestingly, Clint Carlson’s Carlson Capital dumped the biggest investment of all the hedgies monitored by Insider Monkey, worth about $21.2 million in stock. Robert Henry Lynch’s fund, Aristeia Capital, also dumped its stock, about $18 million worth of shares. These bearish behaviors are interesting, as total hedge fund interest was cut by 3 funds last quarter.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as DHT Holdings Inc (NYSE:DHT) but similarly valued. We will take a look at On Deck Capital Inc (NYSE:ONDK), Tsakos Energy Navigation Ltd. (NYSE:TNP), Genomic Health, Inc. (NASDAQ:GHDX), and Oritani Financial Corp. (NASDAQ:ORIT). This group of stocks’ market caps is similar to DHT Holdings Inc (NYSE:DHT)’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ONDK 8 169987 -3
TNP 19 112951 3
GHDX 13 404189 -2
ORIT 12 40620 -1

As you can see, these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $182 million. That figure was $266 million in DHT Holdings Inc (NYSE:DHT)’s case. Tsakos Energy Navigation Ltd. (NYSE:TNP) is the most popular stock in this table. On the other hand, On Deck Capital Inc (NYSE:ONDK) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks, DHT Holdings Inc (NYSE:DHT) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...