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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.

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