Nisa Investment Advisors LLC Sells 51,243 Shares of Nordic American Tankers Limited (NYSE:NAT)

Nisa Investment Advisors LLC decreased its position in shares of Nordic American Tankers Limited (NYSE:NAT) by 61.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,395 shares of the shipping company’s stock after selling 51,243 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Nordic American Tankers were worth $82,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Two Sigma Advisers LP raised its stake in shares of Nordic American Tankers by 67.6% in the third quarter. Two Sigma Advisers LP now owns 3,774,100 shares of the shipping company’s stock worth $13,851,000 after purchasing an additional 1,521,900 shares during the last quarter. Philip James Wealth Mangement LLC purchased a new stake in Nordic American Tankers in the 3rd quarter valued at $4,069,000. Millennium Management LLC lifted its stake in Nordic American Tankers by 122.8% during the 2nd quarter. Millennium Management LLC now owns 1,291,682 shares of the shipping company’s stock valued at $5,141,000 after acquiring an additional 711,973 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Nordic American Tankers by 180.9% during the 2nd quarter. AQR Capital Management LLC now owns 420,727 shares of the shipping company’s stock worth $1,674,000 after acquiring an additional 270,946 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Nordic American Tankers by 274.8% during the 3rd quarter. Barclays PLC now owns 268,115 shares of the shipping company’s stock worth $984,000 after acquiring an additional 196,571 shares during the last quarter. 44.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Jefferies Financial Group reissued a “hold” rating and set a $3.50 price target on shares of Nordic American Tankers in a research report on Friday, November 29th. StockNews.com raised Nordic American Tankers from a “sell” rating to a “hold” rating in a research report on Monday, December 2nd.

Nordic American Tankers Price Performance

Shares of NYSE:NAT opened at $2.76 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.73 and a debt-to-equity ratio of 0.36. The stock has a market cap of $575.24 million, a PE ratio of 9.50 and a beta of -0.29. The company’s fifty day moving average is $2.68 and its 200 day moving average is $3.24. Nordic American Tankers Limited has a 52 week low of $2.41 and a 52 week high of $4.55.

Nordic American Tankers (NYSE:NAT) last announced its quarterly earnings results on Friday, November 29th. The shipping company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Nordic American Tankers had a return on equity of 11.95% and a net margin of 26.41%. Research analysts anticipate that Nordic American Tankers Limited will post 0.24 earnings per share for the current year.

Nordic American Tankers Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 17th were paid a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 17.42%. The ex-dividend date was Tuesday, December 17th. Nordic American Tankers’s dividend payout ratio (DPR) is 55.17%.

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.