Airain ltd Grows Stake in Nordic American Tankers Limited (NAT)

Airain ltd lifted its stake in shares of Nordic American Tankers Limited (NYSE:NAT) by 79.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,613 shares of the shipping company’s stock after purchasing an additional 12,256 shares during the period. Airain ltd’s holdings in Nordic American Tankers Limited were worth $175,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. BlueCrest Capital Management Ltd purchased a new stake in shares of Nordic American Tankers Limited during the first quarter worth about $106,000. Northstar Wealth Partners LLC purchased a new stake in shares of Nordic American Tankers Limited during the first quarter worth about $110,000. Karp Capital Management Corp purchased a new stake in shares of Nordic American Tankers Limited during the first quarter worth about $118,000. Aperio Group LLC increased its stake in shares of Nordic American Tankers Limited by 55.2% during the second quarter. Aperio Group LLC now owns 22,476 shares of the shipping company’s stock worth $142,000 after purchasing an additional 7,994 shares in the last quarter. Finally, Sigma Planning Corp increased its stake in shares of Nordic American Tankers Limited by 44.2% during the second quarter. Sigma Planning Corp now owns 23,880 shares of the shipping company’s stock worth $151,000 after purchasing an additional 7,318 shares in the last quarter. 23.34% of the stock is owned by institutional investors and hedge funds.

Shares of Nordic American Tankers Limited (NYSE:NAT) opened at 5.09 on Monday. The stock’s market cap is $519.02 million. Nordic American Tankers Limited has a 52 week low of $4.41 and a 52 week high of $11.11. The company’s 50-day moving average is $5.29 and its 200 day moving average is $6.70.

Nordic American Tankers Limited (NYSE:NAT) last posted its earnings results on Monday, August 7th. The shipping company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.03. Nordic American Tankers Limited had a net margin of 0.06% and a return on equity of 0.25%. The business had revenue of $39.10 million for the quarter, compared to analysts’ expectations of $42.47 million. During the same quarter last year, the business posted $0.15 earnings per share. The business’s revenue was down 29.2% compared to the same quarter last year. Analysts forecast that Nordic American Tankers Limited will post ($0.39) earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Monday, August 14th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, August 10th. This represents a $0.60 annualized dividend and a yield of 11.79%. Nordic American Tankers Limited’s dividend payout ratio (DPR) is currently 2,000.00%.

NAT has been the subject of several research reports. BidaskClub cut shares of Nordic American Tankers Limited from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Vetr cut shares of Nordic American Tankers Limited from a “strong-buy” rating to a “buy” rating and set a $6.89 price objective for the company. in a research note on Thursday, June 1st. Zacks Investment Research cut shares of Nordic American Tankers Limited from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Maxim Group dropped their price objective on shares of Nordic American Tankers Limited from $6.00 to $5.00 and set a “sell” rating for the company in a research note on Monday, May 15th. Finally, TheStreet cut shares of Nordic American Tankers Limited from a “c-” rating to a “d+” rating in a research note on Thursday, August 10th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the company’s stock. Nordic American Tankers Limited presently has a consensus rating of “Hold” and an average price target of $6.93.

TRADEMARK VIOLATION WARNING: This report was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be viewed at https://sportsperspectives.com/2017/09/11/airain-ltd-grows-stake-in-nordic-american-tankers-limited-nat.html.

About Nordic American Tankers Limited

Nordic American Tankers Limited is an international tanker company. The Company owns approximately 26 vessels, including approximately two new buildings under construction, of approximately 156,000 deadweight tonnage (dwt) each. The Company’s Suezmaxes tankers can carry over one million barrels of oil.

Institutional Ownership by Quarter for Nordic American Tankers Limited (NYSE:NAT)

Receive News & Ratings for Nordic American Tankers Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordic American Tankers Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply