Nordic American Tankers Limited (NYSE:NAT) Stock Holdings Lifted by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in Nordic American Tankers Limited (NYSE:NAT) by 59.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,296 shares of the shipping company’s stock after acquiring an additional 25,953 shares during the period. SG Americas Securities LLC’s holdings in Nordic American Tankers were worth $254,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC purchased a new position in Nordic American Tankers during the second quarter valued at approximately $25,000. Diversify Advisory Services LLC purchased a new position in Nordic American Tankers during the first quarter valued at approximately $41,000. B. Riley Wealth Advisors Inc. purchased a new position in Nordic American Tankers during the first quarter valued at approximately $45,000. Bluefin Capital Management LLC purchased a new position in Nordic American Tankers during the second quarter valued at approximately $47,000. Finally, Caprock Group LLC purchased a new position in Nordic American Tankers during the second quarter valued at approximately $55,000. 44.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NAT has been the topic of a number of research analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $4.00 price objective on shares of Nordic American Tankers in a research report on Thursday, September 12th. Evercore ISI lowered their price objective on shares of Nordic American Tankers from $4.50 to $4.00 and set an “in-line” rating on the stock in a research report on Friday, August 30th. Finally, StockNews.com upgraded shares of Nordic American Tankers from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

Nordic American Tankers Stock Performance

NAT stock opened at $3.52 on Tuesday. The stock has a market capitalization of $734.96 million, a PE ratio of 11.06 and a beta of -0.20. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.79 and a quick ratio of 0.63. The company has a 50 day moving average price of $3.65 and a 200 day moving average price of $3.83. Nordic American Tankers Limited has a fifty-two week low of $3.31 and a fifty-two week high of $4.83.

Nordic American Tankers (NYSE:NAT) last announced its quarterly earnings data on Tuesday, September 3rd. The shipping company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $66.10 million for the quarter, compared to analysts’ expectations of $54.34 million. Nordic American Tankers had a net margin of 26.35% and a return on equity of 11.60%. During the same period last year, the firm earned $0.13 earnings per share. Analysts forecast that Nordic American Tankers Limited will post 0.38 EPS for the current year.

Nordic American Tankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Thursday, September 26th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 13.64%. The ex-dividend date is Thursday, September 26th. Nordic American Tankers’s dividend payout ratio is currently 150.00%.

About Nordic American Tankers

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.