Dimensional Fund Advisors LP Sells 180,163 Shares of Nordic American Tankers Limited (NYSE:NAT)

Dimensional Fund Advisors LP cut its holdings in shares of Nordic American Tankers Limited (NYSE:NAT - Free Report) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,951,262 shares of the shipping company's stock after selling 180,163 shares during the period. Dimensional Fund Advisors LP owned 5.72% of Nordic American Tankers worth $29,877,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC increased its position in shares of Nordic American Tankers by 274.8% during the third quarter. Barclays PLC now owns 268,115 shares of the shipping company's stock valued at $984,000 after buying an additional 196,571 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in shares of Nordic American Tankers by 178.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 44,694 shares of the shipping company's stock valued at $171,000 after purchasing an additional 28,670 shares in the last quarter. Ballentine Partners LLC raised its holdings in Nordic American Tankers by 90.7% in the fourth quarter. Ballentine Partners LLC now owns 24,737 shares of the shipping company's stock worth $62,000 after purchasing an additional 11,767 shares in the last quarter. SG Americas Securities LLC raised its holdings in 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 worth $188,000 after purchasing an additional 5,811 shares in the last quarter. Finally, Realta Investment Advisors bought a new stake in shares of Nordic American Tankers during the 4th quarter valued at $67,000. Institutional investors own 44.29% of the company's stock.

Nordic American Tankers Stock Up 1.2%

Shares of NAT traded up $0.03 during trading hours on Friday, hitting $2.60. The company had a trading volume of 1,981,404 shares, compared to its average volume of 2,560,290. Nordic American Tankers Limited has a 52-week low of $2.13 and a 52-week high of $4.40. The firm has a fifty day moving average price of $2.50 and a 200-day moving average price of $2.67. The stock has a market capitalization of $550.55 million, a price-to-earnings ratio of 8.97 and a beta of -0.27. 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 (NYSE:NAT - Get Free Report) last posted 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). Nordic American Tankers had a net margin of 26.41% and a return on equity of 11.95%. The firm had revenue of $46.39 million for the quarter, compared to analysts' expectations of $51.38 million. On average, equities research analysts forecast that Nordic American Tankers Limited will post 0.24 EPS for the current fiscal year.

Nordic American Tankers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 9.23%. The ex-dividend date was Monday, March 10th. Nordic American Tankers's dividend payout ratio is currently 109.09%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NAT shares. StockNews.com cut shares of Nordic American Tankers from a "hold" rating to a "sell" rating in a research report on Wednesday, April 9th. Jefferies Financial Group reiterated a "hold" rating and set a $3.00 target price on shares of Nordic American Tankers in a report on Friday, February 28th.

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.