CenterBook Partners LP Purchases 1,467,916 Shares of Nordic American Tankers Limited (NYSE:NAT)

CenterBook Partners LP lifted its holdings in Nordic American Tankers Limited (NYSE:NAT - Free Report) by 88.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,135,619 shares of the shipping company's stock after purchasing an additional 1,467,916 shares during the period. CenterBook Partners LP owned 1.48% of Nordic American Tankers worth $7,714,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Two Sigma Advisers LP increased its holdings in shares of Nordic American Tankers by 0.4% during the 4th quarter. Two Sigma Advisers LP now owns 3,787,400 shares of the shipping company's stock worth $9,468,000 after purchasing an additional 13,300 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in 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 acquiring an additional 246,365 shares during the period. Geode Capital Management LLC increased its stake in 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 acquiring an additional 22,615 shares during the period. Northern Trust Corp increased its stake in 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 acquiring an additional 44,380 shares during the period. Finally, Philip James Wealth Mangement LLC increased its stake in 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 acquiring an additional 60,968 shares during the period. Institutional investors and hedge funds own 44.29% of the company's stock.

Nordic American Tankers Price Performance

Nordic American Tankers stock traded down $0.05 during trading hours on Tuesday, hitting $2.69. 1,250,868 shares of the stock were exchanged, compared to its average volume of 2,584,513. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.29 and a current ratio of 1.65. The stock has a market capitalization of $568.55 million, a P/E ratio of 12.21 and a beta of -0.19. Nordic American Tankers Limited has a 12 month low of $2.13 and a 12 month high of $3.91. The business's 50-day moving average is $2.70 and its two-hundred day moving average is $2.62.

Nordic American Tankers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders 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 10.43%. 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 dividend payout ratio is currently 127.27%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NAT. Wall Street Zen raised shares of Nordic American Tankers from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Jefferies Financial Group reissued a "hold" rating and issued a $3.00 target price on shares of Nordic American Tankers in a research note on Thursday, May 29th.

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.