Quantbot Technologies LP Invests $1.69 Million in Nordic American Tankers Limited $NAT

Key Points

• Quantbot Technologies LP acquired 305,409 shares of Nordic American Tankers, valued at approximately $1.69 million, giving it a 0.14% stake. Institutional investors and hedge funds collectively own 44.29% of the company.
• Analyst sentiment remains cautious: Wall Street Zen downgraded NAT from “strong buy” to “buy,” while the stock carries an average “Reduce” rating and a $4.00 consensus price target.
• Nordic American Tankers raised its quarterly dividend to $0.22 per share, implying an annualized payout of $0.88 and a 12.6% yield. Its latest quarterly EPS of $0.17 slightly exceeded estimates, although revenue fell short of expectations.

Quantbot Technologies LP purchased a new stake in shares of Nordic American Tankers Limited (NYSE:NAT - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 305,409 shares of the shipping company's stock, valued at approximately $1,692,000. Quantbot Technologies LP owned approximately 0.14% of Nordic American Tankers at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in Nordic American Tankers during the 2nd quarter worth about $32,000. Torren Management LLC acquired a new position in shares of Nordic American Tankers in the 4th quarter valued at about $34,000. ROI Financial Advisors LLC acquired a new position in shares of Nordic American Tankers in the 4th quarter valued at about $36,000. Parkside Financial Bank & Trust increased its holdings in shares of Nordic American Tankers by 2,800.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 10,875 shares of the shipping company's stock valued at $37,000 after purchasing an additional 10,500 shares during the period. Finally, Stokes Family Office LLC purchased a new stake in shares of Nordic American Tankers in the fourth quarter worth approximately $37,000. 44.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Nordic American Tankers from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 26th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $4.00.

Nordic American Tankers Trading Up 0.3%

NYSE NAT opened at $6.99 on Tuesday. The company has a current ratio of 3.00, a quick ratio of 2.75 and a debt-to-equity ratio of 0.83. Nordic American Tankers Limited has a 1-year low of $2.96 and a 1-year high of $7.20. The firm's fifty day simple moving average is $6.26 and its 200-day simple moving average is $5.71. The company has a market capitalization of $1.48 billion, a PE ratio of 25.88 and a beta of -0.57.

Nordic American Tankers (NYSE:NAT - Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The shipping company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. Nordic American Tankers had a return on equity of 9.16% and a net margin of 24.19%.The firm had revenue of $77.51 million during the quarter, compared to analysts' expectations of $81.86 million. As a group, sell-side analysts anticipate that Nordic American Tankers Limited will post 0.58 earnings per share for the current fiscal year.

Nordic American Tankers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were issued a dividend of $0.22 per share. The ex-dividend date was Wednesday, June 10th. This represents a $0.88 annualized dividend and a dividend yield of 12.6%. This is a positive change from Nordic American Tankers's previous quarterly dividend of $0.17. Nordic American Tankers's dividend payout ratio is presently 325.93%.

About Nordic American Tankers

Nordic American Tankers Limited is a Bermuda-based shipping company specializing in the ownership and operation of Suezmax crude oil tankers. The company’s fleet is employed on the spot and period charter markets, transporting crude oil across major global trade routes. By focusing on commercially flexible employment strategies, Nordic American Tankers seeks to optimize vessel utilization and generate stable income for shareholders.

Founded in 1995 and headquartered in Hamilton, Bermuda, Nordic American Tankers maintains technical and commercial management arrangements through established ship-management partners.

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