1 week Ago By Defense World Staff
Sei Investments Co. lowered its stake in Nordic American Tankers Limited ( NYSE:NAT – Free Report ) by 84.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC.
The institutional investor owned 14,588 shares of the shipping company’s stock after selling 78,205 shares during the quarter. Sei Investments Co.’s holdings in Nordic American Tankers were worth $36,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. Rhumbline Advisers lifted its position in shares of Nordic American Tankers by 1.1% during the fourth quarter.
Rhumbline Advisers now owns 483,457 shares of the shipping company’s stock worth $1,209,000 after purchasing an additional 5,439 shares in the last quarter. Xponance Inc. lifted its holdings in Nordic American Tankers by 41.
4% in the 4th quarter. Xponance Inc. now owns 18,586 shares of the shipping company’s stock worth $46,000 after buying an additional 5,439 shares in the last quarter.
SG Americas Securities LLC boosted its position in Nordic American Tankers by 8.4% in the 4th quarter. SG Americas Securities LLC now owns 75,107 shares of the shipping company’s stock valued at $188,000 after buying an additional 5,811 shares during the last quarter.
Charles Schwab Investment Management Inc. grew its stake in shares of Nordic American Tankers by 1.5% during the third quarter.
Charles Schwab Investment Management Inc. now owns 489,382 shares of the shipping company’s stock valued at $1,796,000 after acquiring an additional 7,382 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Nordic American Tankers during the fourth quarter worth about $26,000.
44.29% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In NAT has been the subject of a number of analyst reports.
StockNews.com downgraded Nordic American Tankers from a “hold” rating to a “sell” rating in a report on Wednesday. Jefferies Financial Group reissued a “hold” rating and set a $3.
00 price objective on shares of Nordic American Tankers in a report on Friday, February 28th. Nordic American Tankers Stock Up 8.3 % NAT opened at $2.
54 on Friday. Nordic American Tankers Limited has a one year low of $2.13 and a one year high of $4.
40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.
56 and a current ratio of 0.73. The stock’s fifty day moving average is $2.
53 and its 200-day moving average is $2.83. The company has a market capitalization of $529.
31 million, a PE ratio of 8.74 and a beta of 0.02.
Nordic American Tankers ( NYSE:NAT – Get Free Report ) last posted its quarterly earnings results on Wednesday, March 5th. The shipping company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.
03 by ($0.02). Nordic American Tankers had a return on equity of 11.
95% and a net margin of 26.41%. The business had revenue of $46.
39 million during the quarter, compared to analyst estimates of $51.38 million. On average, equities analysts predict that Nordic American Tankers Limited will post 0.
24 EPS for the current fiscal year. Nordic American Tankers Cuts Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a $0.
06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 9.
47%. The ex-dividend date of this dividend was Monday, March 10th. Nordic American Tankers’s dividend payout ratio is 109.
09%. Nordic American Tankers Company Profile ( 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. Featured Articles Five stocks we like better than Nordic American Tankers Canada Bond Market Holiday: How to Invest and Trade Robinhood Strategies Could Be a Game-Changer for Young Investors The 3 Best Blue-Chip Stocks to Buy Now Are These 3 Retail Stocks Oversold or Really in Trouble? What is Put Option Volume? IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead Receive News & Ratings for Nordic American Tankers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordic American Tankers and related companies with MarketBeat.com's FREE daily email newsletter .
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