Empowered Funds LLC acquired a new position in shares of Nordic American Tankers Limited (NYSE:NAT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 203,717 shares of the shipping company's stock, valued at approximately $509,000. Empowered Funds LLC owned about 0.10% of Nordic American Tankers at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Apollon Wealth Management LLC boosted its holdings in Nordic American Tankers by 22.5% during the fourth quarter. Apollon Wealth Management LLC now owns 150,666 shares of the shipping company's stock worth $377,000 after purchasing an additional 27,675 shares during the last quarter. Realta Investment Advisors purchased a new position in shares of Nordic American Tankers in the 4th quarter worth approximately $67,000. SG Americas Securities LLC grew its holdings in shares of Nordic American Tankers by 8.4% in the fourth quarter. SG Americas Securities LLC now owns 75,107 shares of the shipping company's stock valued at $188,000 after acquiring an additional 5,811 shares in the last quarter. Ballentine Partners LLC increased its position in shares of Nordic American Tankers by 90.7% during the fourth quarter. Ballentine Partners LLC now owns 24,737 shares of the shipping company's stock valued at $62,000 after acquiring an additional 11,767 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in Nordic American Tankers by 178.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 44,694 shares of the shipping company's stock worth $171,000 after acquiring an additional 28,670 shares during the period. Institutional investors own 44.29% of the company's stock.
Nordic American Tankers Stock Performance
NYSE NAT traded up $0.01 on Friday, hitting $2.63. 2,911,823 shares of the stock traded hands, compared to its average volume of 2,139,856. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.56 and a current ratio of 0.73. The business's fifty day moving average is $2.66 and its two-hundred day moving average is $3.12. Nordic American Tankers Limited has a 12 month low of $2.41 and a 12 month high of $4.40. The firm has a market capitalization of $548.10 million, a price-to-earnings ratio of 9.05 and a beta of -0.31.
Nordic American Tankers (NYSE:NAT - Get Free Report) last issued its quarterly earnings results on Friday, November 29th. The shipping company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). Nordic American Tankers had a net margin of 26.41% and a return on equity of 11.95%. As a group, equities analysts anticipate that Nordic American Tankers Limited will post 0.24 EPS for the current fiscal year.
Nordic American Tankers Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.48 dividend on an annualized basis and a yield of 18.29%. Nordic American Tankers's dividend payout ratio is presently 55.17%.
Analyst Upgrades and Downgrades
NAT has been the subject of several research analyst reports. Jefferies Financial Group reaffirmed a "hold" rating and set a $3.50 target price on shares of Nordic American Tankers in a research report on Friday, November 29th. StockNews.com raised shares of Nordic American Tankers from a "sell" rating to a "hold" rating in a research report on Monday, December 2nd.
Check Out Our Latest Report on Nordic American Tankers
Nordic American Tankers Company Profile
(
Free Report)
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.
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