Nordic American Tankers Limited (NYSE:NAT) Shares Purchased by Barclays PLC

Barclays PLC raised its holdings in Nordic American Tankers Limited (NYSE:NAT) by 274.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 268,115 shares of the shipping company’s stock after acquiring an additional 196,571 shares during the period. Barclays PLC owned 0.13% of Nordic American Tankers worth $984,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in shares of Nordic American Tankers by 5.7% in the second quarter. Dimensional Fund Advisors LP now owns 11,606,339 shares of the shipping company’s stock valued at $46,195,000 after purchasing an additional 621,588 shares during the period. Two Sigma Advisers LP boosted its stake in Nordic American Tankers by 67.6% in 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 last quarter. American Century Companies Inc. grew its holdings in Nordic American Tankers by 40.5% in the 2nd quarter. American Century Companies Inc. now owns 3,499,565 shares of the shipping company’s stock valued at $13,928,000 after buying an additional 1,009,096 shares during the period. Millennium Management LLC increased its stake in shares of Nordic American Tankers by 122.8% during the 2nd quarter. Millennium Management LLC now owns 1,291,682 shares of the shipping company’s stock valued at $5,141,000 after acquiring an additional 711,973 shares during the last quarter. Finally, Philip James Wealth Mangement LLC purchased a new position in shares of Nordic American Tankers during the 3rd quarter worth about $4,069,000. Hedge funds and other institutional investors own 44.29% of the company’s stock.

Nordic American Tankers Stock Performance

Shares of NAT stock opened at $2.45 on Tuesday. Nordic American Tankers Limited has a 12 month low of $2.41 and a 12 month high of $4.64. 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 has a market capitalization of $511.55 million, a P/E ratio of 8.45 and a beta of -0.26. The company’s fifty day moving average price is $2.91 and its two-hundred day moving average price is $3.44.

Nordic American Tankers Announces Dividend

The company also recently disclosed 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 of this dividend is Tuesday, December 17th. This represents a $0.48 dividend on an annualized basis and a yield of 19.59%. Nordic American Tankers’s dividend payout ratio is currently 55.17%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NAT. StockNews.com upgraded shares of Nordic American Tankers from a “sell” rating to a “hold” rating in a report on Monday, December 2nd. Jefferies Financial Group reiterated a “hold” rating and issued a $3.50 price target on shares of Nordic American Tankers in a report on Friday, November 29th.

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.