Capstone Investment Advisors LLC Acquires 15,780 Shares of Nordic American Tankers Limited (NYSE:NAT)

Capstone Investment Advisors LLC raised its stake in shares of Nordic American Tankers Limited (NYSE:NATFree Report) by 44.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,426 shares of the shipping company’s stock after purchasing an additional 15,780 shares during the period. Capstone Investment Advisors LLC’s holdings in Nordic American Tankers were worth $202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. BNP Paribas Financial Markets raised its holdings in shares of Nordic American Tankers by 46.3% in the first quarter. BNP Paribas Financial Markets now owns 109,406 shares of the shipping company’s stock worth $429,000 after buying an additional 34,631 shares during the period. Diversify Advisory Services LLC purchased a new position in Nordic American Tankers during the 1st quarter worth $41,000. Commonwealth Equity Services LLC increased its holdings in Nordic American Tankers by 4.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 236,324 shares of the shipping company’s stock worth $926,000 after purchasing an additional 10,444 shares during the period. Principal Financial Group Inc. increased its holdings in Nordic American Tankers by 355.5% during the 1st quarter. Principal Financial Group Inc. now owns 118,585 shares of the shipping company’s stock worth $465,000 after purchasing an additional 92,552 shares during the period. Finally, Simplicity Wealth LLC purchased a new position in Nordic American Tankers during the 1st quarter worth $252,000. 44.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. StockNews.com upgraded Nordic American Tankers from a “sell” rating to a “hold” rating in a report on Thursday, May 30th. Jefferies Financial Group reduced their price objective on Nordic American Tankers from $5.50 to $5.00 and set a “buy” rating on the stock in a report on Wednesday, May 29th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $5.17.

View Our Latest Stock Report on Nordic American Tankers

Nordic American Tankers Stock Performance

NAT stock opened at $3.73 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.60 and a debt-to-equity ratio of 0.36. Nordic American Tankers Limited has a 12-month low of $3.63 and a 12-month high of $4.83. The stock has a market cap of $777.78 million, a price-to-earnings ratio of 11.64 and a beta of -0.17. The business’s 50-day moving average is $4.06 and its 200 day moving average is $4.11.

Nordic American Tankers (NYSE:NATGet Free Report) last posted its quarterly earnings data on Wednesday, May 29th. The shipping company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.04). The firm had revenue of $60.57 million during the quarter, compared to analyst estimates of $66.19 million. Nordic American Tankers had a return on equity of 12.43% and a net margin of 28.37%. On average, sell-side analysts anticipate that Nordic American Tankers Limited will post 0.47 EPS for the current fiscal year.

Nordic American Tankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 12.89%. The ex-dividend date is Friday, June 28th. Nordic American Tankers’s dividend payout ratio is presently 150.00%.

About Nordic American Tankers

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

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