Captrust Financial Advisors Increases Stake in Nordic American Tankers Limited (NYSE:NAT)

Captrust Financial Advisors grew its position in shares of Nordic American Tankers Limited (NYSE:NAT) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 128,544 shares of the shipping company’s stock after buying an additional 16,076 shares during the quarter. Captrust Financial Advisors owned 0.06% of Nordic American Tankers worth $321,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of NAT. Ballentine Partners LLC raised its position in Nordic American Tankers by 90.7% during the 4th quarter. Ballentine Partners LLC now owns 24,737 shares of the shipping company’s stock worth $62,000 after buying an additional 11,767 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Nordic American Tankers by 8.4% during the 4th quarter. SG Americas Securities LLC now owns 75,107 shares of the shipping company’s stock worth $188,000 after purchasing an additional 5,811 shares during the period. Realta Investment Advisors acquired a new position in shares of Nordic American Tankers during the 4th quarter worth $67,000. Apollon Wealth Management LLC grew its stake in shares of Nordic American Tankers by 22.5% during the 4th quarter. Apollon Wealth Management LLC now owns 150,666 shares of the shipping company’s stock worth $377,000 after purchasing an additional 27,675 shares during the period. Finally, Empowered Funds LLC acquired a new position in shares of Nordic American Tankers during the 4th quarter worth $509,000. Hedge funds and other institutional investors own 44.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $3.00 price target on shares of Nordic American Tankers in a research note on Friday, February 28th. StockNews.com cut shares of Nordic American Tankers from a “hold” rating to a “sell” rating in a research note on Wednesday, April 9th.

Nordic American Tankers Price Performance

Shares of NYSE NAT opened at $2.72 on Wednesday. The stock has a market cap of $575.96 million, a price-to-earnings ratio of 9.38 and a beta of -0.27. Nordic American Tankers Limited has a 52 week low of $2.13 and a 52 week high of $4.40. The company’s 50-day moving average price is $2.53 and its 200 day moving average price is $2.65. 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 quarterly earnings data on Wednesday, March 5th. The shipping company reported $0.01 EPS 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, research analysts forecast 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 declared 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 dividend yield of 8.82%. Nordic American Tankers’s dividend payout ratio is currently 109.09%.

Nordic American Tankers Company 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.