Barclays PLC Increases Holdings in Nordic American Tankers Limited (NYSE:NAT)

Barclays PLC lifted its position in Nordic American Tankers Limited (NYSE:NAT - Free Report) by 274.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 268,115 shares of the shipping company's stock after buying an additional 196,571 shares during the period. Barclays PLC owned approximately 0.13% of Nordic American Tankers worth $984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of NAT. Headlands Technologies LLC purchased a new stake in shares of Nordic American Tankers in the 2nd quarter worth $25,000. Raymond James Trust N.A. purchased a new stake in Nordic American Tankers in the third quarter worth about $37,000. Bluefin Capital Management LLC bought a new position in shares of Nordic American Tankers in the second quarter worth about $47,000. B. Riley Wealth Advisors Inc. lifted its position in shares of Nordic American Tankers by 50.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 16,024 shares of the shipping company's stock valued at $66,000 after buying an additional 5,347 shares in the last quarter. Finally, Sigma Planning Corp purchased a new position in shares of Nordic American Tankers during the 3rd quarter valued at about $108,000. Hedge funds and other institutional investors own 44.29% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on NAT. StockNews.com upgraded shares of Nordic American Tankers from a "sell" rating to a "hold" rating in a research note on Monday, December 2nd. Jefferies Financial Group reissued a "hold" rating and issued a $3.50 price objective on shares of Nordic American Tankers in a research note on Friday, November 29th.

Nordic American Tankers Stock Performance

NAT remained flat at $2.96 during trading on Wednesday. 3,345,390 shares of the company's stock were exchanged, compared to its average volume of 3,350,327. Nordic American Tankers Limited has a twelve month low of $2.41 and a twelve month high of $4.59. The business's 50-day simple moving average is $2.76 and its two-hundred day simple moving average is $3.32. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $618.04 million, a P/E ratio of 10.21 and a beta of -0.29.

Nordic American Tankers Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Tuesday, December 17th will be paid a $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 16.22%. The ex-dividend date of this dividend is Tuesday, December 17th. Nordic American Tankers's payout ratio is currently 55.17%.

Nordic American Tankers Profile

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 20 Suezmax crude oil tankers. The company was incorporated in 1995 and is headquartered in Hamilton, Bermuda.