Nordic American Tanker Ltd (NAT) Shares Bought by Millennium Management LLC

Millennium Management LLC lifted its holdings in shares of Nordic American Tanker Ltd (NYSE:NAT) by 257.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,981 shares of the shipping company’s stock after purchasing an additional 72,002 shares during the quarter. Millennium Management LLC owned 0.07% of Nordic American Tanker worth $246,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NAT. Wilbanks Smith & Thomas Asset Management LLC increased its stake in Nordic American Tanker by 157.2% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 67,464 shares of the shipping company’s stock valued at $166,000 after acquiring an additional 41,232 shares during the last quarter. BlackRock Inc. grew its stake in shares of Nordic American Tanker by 1.4% during the fourth quarter. BlackRock Inc. now owns 4,536,032 shares of the shipping company’s stock worth $11,159,000 after buying an additional 64,705 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Nordic American Tanker by 24.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 679,061 shares of the shipping company’s stock worth $1,671,000 after buying an additional 133,411 shares during the last quarter. WealthTrust Axiom LLC grew its stake in shares of Nordic American Tanker by 20.8% during the fourth quarter. WealthTrust Axiom LLC now owns 784,589 shares of the shipping company’s stock worth $1,930,000 after buying an additional 134,898 shares during the last quarter. Finally, Quantitative Investment Management LLC grew its stake in shares of Nordic American Tanker by 141.2% during the fourth quarter. Quantitative Investment Management LLC now owns 235,200 shares of the shipping company’s stock worth $578,000 after buying an additional 137,700 shares during the last quarter. 24.50% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on NAT. ValuEngine raised shares of Nordic American Tanker from a “sell” rating to a “hold” rating in a research note on Thursday, May 3rd. Morgan Stanley decreased their target price on shares of Nordic American Tanker from $2.50 to $2.25 and set an “equal weight” rating on the stock in a research note on Wednesday, April 25th. Finally, Zacks Investment Research lowered shares of Nordic American Tanker from a “hold” rating to a “sell” rating in a report on Wednesday, April 25th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Nordic American Tanker currently has an average rating of “Hold” and an average target price of $2.71.

Shares of Nordic American Tanker traded up $0.03, reaching $2.33, during mid-day trading on Thursday, Marketbeat.com reports. 745,724 shares of the company’s stock were exchanged, compared to its average volume of 1,422,360. The firm has a market cap of $318.01 million, a PE ratio of -3.28 and a beta of 0.84. The company has a debt-to-equity ratio of 0.56, a quick ratio of 3.82 and a current ratio of 4.97. Nordic American Tanker Ltd has a twelve month low of $1.82 and a twelve month high of $6.70.

Nordic American Tanker (NYSE:NAT) last released its earnings results on Wednesday, May 16th. The shipping company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.07. Nordic American Tanker had a negative net margin of 70.33% and a negative return on equity of 12.23%. sell-side analysts forecast that Nordic American Tanker Ltd will post -0.4 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 12th. Investors of record on Thursday, May 24th were issued a $0.01 dividend. The ex-dividend date was Wednesday, May 23rd. This represents a $0.04 annualized dividend and a yield of 1.72%. Nordic American Tanker’s payout ratio is -5.63%.

Nordic American Tanker Company Profile

Nordic American Tankers Limited, a tanker company, engages in acquiring and chartering double-hull tankers worldwide. It operates a fleet of 33 Suezmax crude oil tankers. The company was founded in 1995 and is based in Hamilton, Bermuda.

Institutional Ownership by Quarter for Nordic American Tanker (NYSE:NAT)

Receive News & Ratings for Nordic American Tanker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordic American Tanker and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply