WealthTrust Axiom LLC Trims Position in Nordic American Offshore Ltd (NAO)

WealthTrust Axiom LLC lowered its holdings in Nordic American Offshore Ltd (NYSE:NAO) by 11.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 252,210 shares of the shipping company’s stock after selling 33,758 shares during the quarter. WealthTrust Axiom LLC’s holdings in Nordic American Offshore were worth $105,000 at the end of the most recent quarter.

Separately, DNB Asset Management AS acquired a new stake in Nordic American Offshore in the 3rd quarter valued at $7,776,000.

NYSE NAO traded up $0.06 during mid-day trading on Wednesday, hitting $3.41. The company’s stock had a trading volume of 15,974 shares, compared to its average volume of 29,332. Nordic American Offshore Ltd has a twelve month low of $2.90 and a twelve month high of $13.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 6.70 and a quick ratio of 6.11.

Separately, ValuEngine raised shares of Nordic American Offshore from a “hold” rating to a “buy” rating in a research report on Friday, November 2nd.

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About Nordic American Offshore

Nordic American Offshore Ltd. owns and operates platform supply vessels (PSVs). As of December 31, 2017, it had a fleet of 10 PSVs. The company operates its vessels in the United Kingdom and in the Norwegian sectors of the North Sea. Nordic American Offshore Ltd. was founded in 2013 and is based in Hamilton, Bermuda.

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