1 week Ago By ABMN Staff
LPL Financial LLC decreased its stake in Nordic American Tankers Limited ( NYSE:NAT – Free Report ) by 22.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 145,126 shares of the shipping company’s stock after selling 41,989 shares during the quarter.
LPL Financial LLC’s holdings in Nordic American Tankers were worth $363,000 at the end of the most recent reporting period. Several other institutional investors have also added to or reduced their stakes in NAT. Sequoia Financial Advisors LLC bought a new stake in Nordic American Tankers during the 4th quarter valued at $26,000.
Avantax Advisory Services Inc. acquired a new position in shares of Nordic American Tankers in the 4th quarter valued at about $33,000. AXQ Capital LP acquired a new position in shares of Nordic American Tankers in the 4th quarter valued at $43,000.
Flputnam Investment Management Co. purchased a new position in Nordic American Tankers during the fourth quarter worth approximately $45,000. Finally, Xponance Inc.
grew its position in shares of Nordic American Tankers by 41.4% in the fourth quarter. Xponance Inc.
now owns 18,586 shares of the shipping company’s stock valued at $46,000 after purchasing an additional 5,439 shares during the period. Institutional investors own 44.29% of the company’s stock.
Analyst Ratings Changes Several equities analysts have recently weighed in on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $3.00 price target on shares of Nordic American Tankers in a research note on Friday, February 28th.
StockNews.com cut shares of Nordic American Tankers from a “hold” rating to a “sell” rating in a report on Wednesday, April 9th. Nordic American Tankers Stock Up 1.
2 % Shares of NYSE:NAT opened at $2.56 on Friday. The company has a current ratio of 0.
73, a quick ratio of 0.56 and a debt-to-equity ratio of 0.36.
The firm has a 50 day simple moving average of $2.49 and a 200-day simple moving average of $2.75.
The company has a market capitalization of $534.53 million, a PE ratio of 8.83 and a beta of 0.
02. Nordic American Tankers Limited has a twelve month low of $2.13 and a twelve month high of $4.
40. Nordic American Tankers ( NYSE:NAT – Get Free Report ) last announced its earnings results on Wednesday, March 5th. The shipping company reported $0.
01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations 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.
Shareholders of record on Monday, March 10th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, March 10th.
This represents a $0.24 annualized dividend and a yield of 9.38%.
Nordic American Tankers’s dividend payout ratio is currently 109.09%. 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. See Also Want to see what other hedge funds are holding NAT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Nordic American Tankers Limited ( NYSE:NAT – Free Report ). 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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