Nordic American Tankers Limited (NYSE:NAT) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in Nordic American Tankers Limited (NYSE:NAT) by 1.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 489,382 shares of the shipping company’s stock after purchasing an additional 7,382 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.23% of Nordic American Tankers worth $1,796,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. B. Riley Wealth Advisors Inc. increased its position in shares of Nordic American Tankers by 50.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 16,024 shares of the shipping company’s stock worth $66,000 after acquiring an additional 5,347 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Nordic American Tankers in the second quarter valued at about $25,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Nordic American Tankers by 26.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 33,213 shares of the shipping company’s stock valued at $122,000 after buying an additional 6,940 shares in the last quarter. Sei Investments Co. boosted its holdings in Nordic American Tankers by 9.1% during the second quarter. Sei Investments Co. now owns 91,791 shares of the shipping company’s stock worth $365,000 after buying an additional 7,663 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Nordic American Tankers by 8.6% during the second quarter. Principal Financial Group Inc. now owns 128,756 shares of the shipping company’s stock worth $512,000 after purchasing an additional 10,171 shares in the last quarter. Institutional investors and hedge funds own 44.29% of the company’s stock.

Nordic American Tankers Stock Down 2.8 %

NAT stock opened at $2.57 on Tuesday. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of 0.36. Nordic American Tankers Limited has a twelve month low of $2.56 and a twelve month high of $4.64. The firm has a 50 day simple moving average of $3.12 and a 200-day simple moving average of $3.54. The company has a market capitalization of $535.56 million, a P/E ratio of 8.84 and a beta of -0.26.

Nordic American Tankers Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Tuesday, December 17th will be issued a $0.04 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.48 dividend on an annualized basis and a yield of 18.71%. Nordic American Tankers’s dividend payout ratio is currently 55.17%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Jefferies Financial Group restated a “hold” rating and set a $3.50 target price on shares of Nordic American Tankers in a research report on Friday, November 29th. StockNews.com raised shares of Nordic American Tankers from a “sell” rating to a “hold” rating in a research report on Monday, December 2nd. Finally, Evercore ISI dropped their target price on Nordic American Tankers from $4.50 to $4.00 and set an “in-line” rating on the stock in a research report on Friday, August 30th.

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.