Nordic American Tankers Limited (NYSE:NAT) Shares Bought by Cerity Partners LLC

Cerity Partners LLC boosted its holdings in shares of Nordic American Tankers Limited (NYSE:NAT) by 34.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,072 shares of the shipping company’s stock after acquiring an additional 5,605 shares during the quarter. Cerity Partners LLC’s holdings in Nordic American Tankers were worth $54,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Two Sigma Advisers LP grew its stake in shares of Nordic American Tankers by 0.4% in the fourth quarter. Two Sigma Advisers LP now owns 3,787,400 shares of the shipping company’s stock valued at $9,468,000 after buying an additional 13,300 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Nordic American Tankers by 10.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,678,423 shares of the shipping company’s stock valued at $6,696,000 after buying an additional 246,365 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Nordic American Tankers by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 2,493,016 shares of the shipping company’s stock valued at $6,233,000 after buying an additional 22,615 shares in the last quarter. Northern Trust Corp grew its stake in shares of Nordic American Tankers by 3.3% in the fourth quarter. Northern Trust Corp now owns 1,376,932 shares of the shipping company’s stock valued at $3,442,000 after buying an additional 44,380 shares in the last quarter. Finally, Philip James Wealth Mangement LLC grew its stake in shares of Nordic American Tankers by 5.1% in the first quarter. Philip James Wealth Mangement LLC now owns 1,267,378 shares of the shipping company’s stock valued at $3,118,000 after buying an additional 60,968 shares in the last quarter. Institutional investors and hedge funds own 44.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NAT shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a $3.00 price objective on shares of Nordic American Tankers in a research note on Thursday, May 29th. Wall Street Zen lowered shares of Nordic American Tankers from a “hold” rating to a “sell” rating in a report on Saturday, July 26th.

Nordic American Tankers Trading Down 1.4%

NAT opened at $2.79 on Thursday. Nordic American Tankers Limited has a 12 month low of $2.13 and a 12 month high of $3.83. The stock has a market capitalization of $590.78 million, a price-to-earnings ratio of 16.41 and a beta of -0.19. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.34. The business has a fifty day moving average price of $2.72 and a 200 day moving average price of $2.63.

Nordic American Tankers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 10.04%. This is a boost from Nordic American Tankers’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, June 12th. Nordic American Tankers’s payout ratio is presently 164.71%.

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.