Empowered Funds LLC Buys New Shares in Nordic American Tankers Limited (NYSE:NAT)

Empowered Funds LLC bought a new position in Nordic American Tankers Limited (NYSE:NAT) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 203,717 shares of the shipping company’s stock, valued at approximately $509,000.

A number of other institutional investors have also bought and sold shares of the business. SG Americas Securities LLC lifted its position in shares of Nordic American Tankers by 8.4% in the fourth quarter. SG Americas Securities LLC now owns 75,107 shares of the shipping company’s stock valued at $188,000 after acquiring an additional 5,811 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Nordic American Tankers by 26.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 33,213 shares of the shipping company’s stock worth $122,000 after purchasing an additional 6,940 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Nordic American Tankers by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 489,382 shares of the shipping company’s stock worth $1,796,000 after purchasing an additional 7,382 shares in the last quarter. Raymond James Trust N.A. bought a new position in Nordic American Tankers in the 3rd quarter worth approximately $37,000. Finally, Ballentine Partners LLC grew its holdings 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 valued at $62,000 after buying an additional 11,767 shares in the last quarter. Hedge funds and other institutional investors own 44.29% of the company’s stock.

Analyst Ratings Changes

NAT has been the subject of a number of research reports. StockNews.com upgraded shares of Nordic American Tankers from a “sell” rating to a “hold” rating in a research report on Monday, December 2nd. Jefferies Financial Group restated a “hold” rating and set a $3.50 target price on shares of Nordic American Tankers in a research report on Friday, November 29th.

Nordic American Tankers Price Performance

Shares of NYSE:NAT opened at $2.66 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.56 and a current ratio of 0.73. The firm has a fifty day moving average price of $2.66 and a 200 day moving average price of $3.13. Nordic American Tankers Limited has a fifty-two week low of $2.41 and a fifty-two week high of $4.40. The firm has a market cap of $554.36 million, a price-to-earnings ratio of 9.16 and a beta of -0.31.

Nordic American Tankers (NYSE:NAT) last released its quarterly earnings results on Friday, November 29th. The shipping company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Nordic American Tankers had a net margin of 26.41% and a return on equity of 11.95%. As a group, sell-side analysts expect that Nordic American Tankers Limited will post 0.24 earnings per share for the current fiscal year.

Nordic American Tankers Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 17th were paid a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 18.08%. The ex-dividend date was Tuesday, December 17th. Nordic American Tankers’s payout ratio is 55.17%.

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.