Realta Investment Advisors Buys New Holdings in Nordic American Tankers Limited (NYSE:NAT)

Realta Investment Advisors purchased a new position in Nordic American Tankers Limited (NYSE:NAT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,753 shares of the shipping company’s stock, valued at approximately $67,000.

A number of other institutional investors have also added to or reduced their stakes in NAT. Two Sigma Advisers LP boosted its position in shares of Nordic American Tankers by 67.6% during the third quarter. Two Sigma Advisers LP now owns 3,774,100 shares of the shipping company’s stock worth $13,851,000 after acquiring 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 worth $4,069,000. Millennium Management LLC boosted its holdings in shares of 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 purchasing an additional 711,973 shares during the last quarter. Barclays PLC grew its position in shares of Nordic American Tankers by 274.8% during the third quarter. Barclays PLC now owns 268,115 shares of the shipping company’s stock valued at $984,000 after purchasing an additional 196,571 shares in the last quarter. Finally, Quantbot Technologies LP increased its holdings in shares of Nordic American Tankers by 198.9% in the third quarter. Quantbot Technologies LP now owns 207,008 shares of the shipping company’s stock worth $760,000 after purchasing an additional 137,745 shares during the last quarter. 44.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Nordic American Tankers Stock Down 1.1 %

Shares of NYSE NAT opened at $2.71 on Friday. The stock has a market capitalization of $565.85 million, a price-to-earnings ratio of 9.34 and a beta of -0.31. Nordic American Tankers Limited has a 12-month low of $2.41 and a 12-month high of $4.40. 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’s 50-day moving average price is $2.66 and its 200-day moving average price is $3.19.

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

Nordic American Tankers Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 17.71%. The ex-dividend date was Tuesday, December 17th. Nordic American Tankers’s dividend payout ratio (DPR) is 55.17%.

Nordic American Tankers 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.