Nordic American Tankers Limited (NYSE:NAT) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its holdings in shares of Nordic American Tankers Limited (NYSE:NAT - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,708,936 shares of the shipping company's stock after selling 316,889 shares during the quarter. American Century Companies Inc. owned approximately 2.26% of Nordic American Tankers worth $11,772,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Sequoia Financial Advisors LLC purchased a new position in shares of Nordic American Tankers in the 4th quarter valued at $26,000. Avantax Advisory Services Inc. bought a new stake in shares of Nordic American Tankers in the 4th quarter valued at about $33,000. Flputnam Investment Management Co. bought a new stake in shares of Nordic American Tankers in the 4th quarter valued at about $45,000. Xponance Inc. grew its position in shares of Nordic American Tankers by 41.4% in the 4th quarter. Xponance Inc. now owns 18,586 shares of the shipping company's stock worth $46,000 after buying an additional 5,439 shares during the last quarter. Finally, Cibc World Markets Corp bought a new position in shares of Nordic American Tankers during the 4th quarter worth approximately $48,000. Institutional investors own 44.29% of the company's stock.

Analyst Upgrades and Downgrades

NAT has been the topic of several analyst reports. StockNews.com raised shares of Nordic American Tankers from a "sell" rating to a "hold" rating in a report on Tuesday, April 1st. Jefferies Financial Group restated a "hold" rating and set a $3.00 target price on shares of Nordic American Tankers in a research note on Friday, February 28th.

Nordic American Tankers Stock Performance

Shares of Nordic American Tankers stock traded down $0.14 during midday trading on Friday, hitting $2.21. The company had a trading volume of 4,203,823 shares, compared to its average volume of 2,526,978. The stock has a market cap of $461.44 million, a price-to-earnings ratio of 7.62 and a beta of 0.02. Nordic American Tankers Limited has a 12-month low of $2.15 and a 12-month high of $4.40. The company has a quick ratio of 0.56, a current ratio of 0.73 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $2.58 and a 200 day simple moving average of $2.88.

Nordic American Tankers (NYSE:NAT - Get Free Report) last issued its earnings results on Wednesday, March 5th. The shipping company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.02). The firm had revenue of $46.39 million during the quarter, compared to analysts' expectations of $51.38 million. Nordic American Tankers had a return on equity of 11.95% and a net margin of 26.41%. As a group, analysts predict that Nordic American Tankers Limited will post 0.24 earnings per share for the current fiscal year.

Nordic American Tankers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 10.86%. The ex-dividend date was Monday, March 10th. Nordic American Tankers's dividend payout ratio is presently 109.09%.

About Nordic American Tankers

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.