Nordic American Tankers Limited (NYSE:NAT) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in shares of Nordic American Tankers Limited (NYSE:NAT) by 198.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 207,008 shares of the shipping company’s stock after purchasing an additional 137,745 shares during the period. Quantbot Technologies LP’s holdings in Nordic American Tankers were worth $760,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Nordic American Tankers by 19.6% in the first quarter. Vanguard Group Inc. now owns 1,682,487 shares of the shipping company’s stock valued at $6,595,000 after purchasing an additional 275,707 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Nordic American Tankers by 18.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 58,791 shares of the shipping company’s stock worth $231,000 after acquiring an additional 8,985 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Nordic American Tankers in the first quarter valued at approximately $45,000. Tidal Investments LLC boosted its holdings in Nordic American Tankers by 18.4% during the first quarter. Tidal Investments LLC now owns 96,905 shares of the shipping company’s stock valued at $380,000 after acquiring an additional 15,053 shares during the period. Finally, Kingswood Wealth Advisors LLC boosted its position in shares of Nordic American Tankers by 6.9% in the second quarter. Kingswood Wealth Advisors LLC now owns 46,596 shares of the shipping company’s stock valued at $185,000 after acquiring an additional 3,003 shares during the period. 44.29% of the stock is currently owned by institutional investors.

Nordic American Tankers Trading Down 1.3 %

Shares of NYSE:NAT opened at $2.65 on Tuesday. The company’s fifty day simple moving average is $3.35 and its 200 day simple moving average is $3.66. Nordic American Tankers Limited has a 12 month low of $2.60 and a 12 month high of $4.64. The firm has a market cap of $552.28 million, a price-to-earnings ratio of 9.12 and a beta of -0.21. The company has a quick ratio of 0.63, a current ratio of 0.79 and a debt-to-equity ratio of 0.36.

Nordic American Tankers Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Tuesday, December 17th will be given a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 18.15%. The ex-dividend date of this dividend is Tuesday, December 17th. Nordic American Tankers’s dividend payout ratio is presently 165.52%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NAT shares. Evercore ISI lowered their price target on Nordic American Tankers from $4.50 to $4.00 and set an “in-line” rating on the stock in a research note on Friday, August 30th. Jefferies Financial Group reissued a “hold” rating and set a $3.50 price objective on shares of Nordic American Tankers in a report on Friday. Finally, StockNews.com raised shares of Nordic American Tankers from a “sell” rating to a “hold” rating in a research note on Monday.

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.