Philip James Wealth Mangement LLC Boosts Holdings in Nordic American Tankers Limited (NYSE:NAT)

Philip James Wealth Mangement LLC lifted its position in Nordic American Tankers Limited (NYSE:NAT - Free Report) by 8.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,206,410 shares of the shipping company's stock after buying an additional 97,819 shares during the quarter. Philip James Wealth Mangement LLC owned approximately 0.58% of Nordic American Tankers worth $3,016,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Two Sigma Advisers LP increased its stake in Nordic American Tankers by 67.6% during the 3rd quarter. Two Sigma Advisers LP now owns 3,774,100 shares of the shipping company's stock worth $13,851,000 after buying an additional 1,521,900 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Nordic American Tankers by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 489,382 shares of the shipping company's stock worth $1,796,000 after acquiring an additional 7,382 shares during the period. Rhumbline Advisers increased its position in shares of Nordic American Tankers by 1.1% during the fourth quarter. Rhumbline Advisers now owns 483,457 shares of the shipping company's stock worth $1,209,000 after acquiring an additional 5,439 shares during the period. Barclays PLC increased its holdings in Nordic American Tankers by 274.8% during the 3rd quarter. Barclays PLC now owns 268,115 shares of the shipping company's stock worth $984,000 after purchasing an additional 196,571 shares during the period. Finally, Quantbot Technologies LP increased its holdings in Nordic American Tankers by 198.9% during the 3rd quarter. Quantbot Technologies LP now owns 207,008 shares of the shipping company's stock worth $760,000 after purchasing an additional 137,745 shares during the period. Hedge funds and other institutional investors own 44.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. 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 report on Friday, November 29th.

Nordic American Tankers Stock Performance

NYSE NAT traded down $0.03 on Thursday, hitting $2.63. 2,994,582 shares of the company's stock were exchanged, compared to its average volume of 2,745,515. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.73 and a quick ratio of 0.56. The firm's 50-day moving average price is $2.66 and its two-hundred day moving average price is $3.13. Nordic American Tankers Limited has a fifty-two week low of $2.41 and a fifty-two week high of $4.40. The firm has a market cap 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 data 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%. On average, research analysts expect that Nordic American Tankers Limited will post 0.24 EPS for the current year.

Nordic American Tankers Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 17th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.48 annualized dividend and a yield of 18.29%. 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.