124,608 Shares in Nordic American Tankers Limited (NYSE:NAT) Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new position in shares of Nordic American Tankers Limited (NYSE:NAT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 124,608 shares of the shipping company's stock, valued at approximately $312,000. Virtu Financial LLC owned about 0.06% of Nordic American Tankers at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new position in Nordic American Tankers during the 4th quarter worth $26,000. Avantax Advisory Services Inc. acquired a new stake in Nordic American Tankers in the fourth quarter valued at about $33,000. Raymond James Trust N.A. acquired a new stake in Nordic American Tankers in the third quarter valued at about $37,000. Flputnam Investment Management Co. purchased a new stake in Nordic American Tankers in the 4th quarter valued at approximately $45,000. Finally, Xponance Inc. increased its position in Nordic American Tankers by 41.4% during the 4th quarter. Xponance Inc. now owns 18,586 shares of the shipping company's stock worth $46,000 after purchasing an additional 5,439 shares during the period. 44.29% of the stock is owned by institutional investors and hedge funds.

Nordic American Tankers Price Performance

Shares of NAT stock traded up $0.03 during midday trading on Tuesday, reaching $2.49. 1,507,566 shares of the company traded hands, compared to its average volume of 2,502,957. The firm's 50 day simple moving average is $2.60 and its two-hundred day simple moving average is $2.91. The firm has a market cap of $518.86 million, a PE ratio of 8.57 and a beta of -0.33. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.73 and a quick ratio of 0.56. Nordic American Tankers Limited has a 1-year low of $2.39 and a 1-year high of $4.40.

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

Nordic American Tankers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.24 annualized dividend and a dividend yield of 9.66%. Nordic American Tankers's dividend payout ratio is presently 109.09%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NAT shares. Jefferies Financial Group reissued a "hold" rating and issued a $3.00 price target on shares of Nordic American Tankers in a report on Friday, February 28th. StockNews.com upgraded shares of Nordic American Tankers from a "sell" rating to a "hold" rating in a research report on Tuesday.

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.