Two Sigma Investments LP trimmed its holdings in Nordic American Tankers Limited (NYSE:NAT - Free Report) by 19.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,926,330 shares of the shipping company's stock after selling 465,217 shares during the quarter. Two Sigma Investments LP owned about 0.92% of Nordic American Tankers worth $4,816,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in NAT. SG Americas Securities LLC lifted its position in Nordic American Tankers by 8.4% during the fourth quarter. SG Americas Securities LLC now owns 75,107 shares of the shipping company's stock worth $188,000 after buying an additional 5,811 shares in the last quarter. Realta Investment Advisors purchased a new position in shares of Nordic American Tankers during the 4th quarter worth $67,000. Apollon Wealth Management LLC boosted its position in shares of Nordic American Tankers by 22.5% during the 4th quarter. Apollon Wealth Management LLC now owns 150,666 shares of the shipping company's stock valued at $377,000 after acquiring an additional 27,675 shares during the last quarter. Empowered Funds LLC purchased a new position in Nordic American Tankers during the fourth quarter worth about $509,000. Finally, Rhumbline Advisers boosted its holdings in Nordic American Tankers by 1.1% in the 4th quarter. Rhumbline Advisers now owns 483,457 shares of the shipping company's stock valued at $1,209,000 after purchasing an additional 5,439 shares during the last quarter. 44.29% of the stock is currently owned by institutional investors and hedge funds.
Nordic American Tankers Trading Up 3.1%
Shares of Nordic American Tankers stock traded up $0.08 on Friday, reaching $2.64. The company had a trading volume of 2,439,681 shares, compared to its average volume of 2,524,317. The firm's 50 day moving average price is $2.54 and its two-hundred day moving average price is $2.62. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.56 and a current ratio of 0.73. Nordic American Tankers Limited has a 52-week low of $2.13 and a 52-week high of $4.23. The firm has a market cap of $559.02 million, a PE ratio of 9.10 and a beta of -0.27.
Nordic American Tankers (NYSE:NAT - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The shipping company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.02). The firm had revenue of $46.39 million for the quarter, compared to analyst estimates of $51.38 million. Nordic American Tankers had a return on equity of 11.95% and a net margin of 26.41%. Sell-side analysts predict that Nordic American Tankers Limited will post 0.24 earnings per share for the current fiscal year.
Nordic American Tankers Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.07 per share. This is an increase from Nordic American Tankers's previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.28 annualized dividend and a yield of 10.61%. Nordic American Tankers's dividend payout ratio is 127.27%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. Jefferies Financial Group reiterated a "hold" rating and issued a $3.00 price objective on shares of Nordic American Tankers in a report on Thursday. Wall Street Zen cut Nordic American Tankers from a "hold" rating to a "sell" rating in a report on Friday.
View Our Latest Report on NAT
About Nordic American Tankers
(
Free Report)
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.
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