Nordic American Tankers Limited (NYSE:NAT) Shares Acquired by Invesco Ltd.

Invesco Ltd. boosted its position in shares of Nordic American Tankers Limited (NYSE:NAT) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 365,782 shares of the shipping company’s stock after buying an additional 13,860 shares during the period. Invesco Ltd. owned 0.18% of Nordic American Tankers worth $914,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NAT. Rhumbline Advisers increased its position in Nordic American Tankers by 1.1% during the 4th quarter. Rhumbline Advisers now owns 483,457 shares of the shipping company’s stock worth $1,209,000 after purchasing an additional 5,439 shares during the period. Xponance Inc. grew its position in Nordic American Tankers by 41.4% during the fourth quarter. Xponance Inc. now owns 18,586 shares of the shipping company’s stock worth $46,000 after buying an additional 5,439 shares during the period. SG Americas Securities LLC grew its position in Nordic American Tankers by 8.4% during the fourth quarter. SG Americas Securities LLC now owns 75,107 shares of the shipping company’s stock worth $188,000 after buying an additional 5,811 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Nordic American Tankers by 41.6% during the 4th quarter. Quadrant Capital Group LLC now owns 30,238 shares of the shipping company’s stock valued at $76,000 after acquiring an additional 8,884 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Nordic American Tankers by 6.2% during the 4th quarter. Wells Fargo & Company MN now owns 156,591 shares of the shipping company’s stock worth $391,000 after acquiring an additional 9,089 shares in the last quarter. 44.29% of the stock is owned by institutional investors and hedge funds.

Nordic American Tankers Trading Down 0.2 %

Shares of NYSE:NAT opened at $2.56 on Friday. Nordic American Tankers Limited has a twelve month low of $2.13 and a twelve month high of $4.40. The firm has a market cap of $533.48 million, a P/E ratio of 8.81 and a beta of 0.02. The company has a 50 day moving average of $2.48 and a 200-day moving average of $2.72. 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 (NYSE:NAT) last issued its earnings results on Wednesday, March 5th. The shipping company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The business had revenue of $46.39 million during the quarter, compared to analyst estimates of $51.38 million. Nordic American Tankers had a net margin of 26.41% and a return on equity of 11.95%. As a group, analysts anticipate that Nordic American Tankers Limited will post 0.24 earnings per share for the current fiscal year.

Nordic American Tankers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.24 annualized dividend and a yield of 9.39%. Nordic American Tankers’s dividend payout ratio is 109.09%.

Wall Street Analysts Forecast Growth

NAT has been the topic of several research reports. Jefferies Financial Group reiterated a “hold” rating and issued a $3.00 price target on shares of Nordic American Tankers in a research report on Friday, February 28th. StockNews.com downgraded Nordic American Tankers from a “hold” rating to a “sell” rating in a research report on Wednesday, April 9th.

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.