Dynamic Technology Lab Private Ltd Acquires Shares of 17,138 Nordic American Tankers Limited (NYSE:NAT)

Dynamic Technology Lab Private Ltd bought a new position in Nordic American Tankers Limited (NYSE:NAT) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 17,138 shares of the shipping company’s stock, valued at approximately $43,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC purchased a new position in Nordic American Tankers in the fourth quarter worth $26,000. Summit Financial LLC purchased a new position in shares of Nordic American Tankers in the 4th quarter worth about $32,000. Avantax Advisory Services Inc. bought a new position in Nordic American Tankers during the fourth quarter valued at about $33,000. AXQ Capital LP purchased a new stake in Nordic American Tankers during the fourth quarter worth about $43,000. Finally, Flputnam Investment Management Co. bought a new stake in Nordic American Tankers in the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 44.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NAT shares. Jefferies Financial Group reissued a “hold” rating and set a $3.00 target price on shares of Nordic American Tankers in a research report on Friday, February 28th. StockNews.com downgraded Nordic American Tankers from a “hold” rating to a “sell” rating in a research report on Wednesday.

Nordic American Tankers Price Performance

NAT opened at $2.54 on Friday. The firm has a 50-day moving average price of $2.53 and a 200-day moving average price of $2.83. Nordic American Tankers Limited has a twelve month low of $2.13 and a twelve month high of $4.40. 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 company has a market capitalization of $529.31 million, a price-to-earnings ratio of 8.74 and a beta of 0.02.

Nordic American Tankers (NYSE:NAT) last released its quarterly earnings data on Wednesday, March 5th. The shipping company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The business had revenue of $46.39 million during the quarter, compared to analysts’ expectations of $51.38 million. Nordic American Tankers had a net margin of 26.41% and a return on equity of 11.95%. Equities analysts expect that Nordic American Tankers Limited will post 0.24 EPS for the current year.

Nordic American Tankers Cuts Dividend

The business also recently announced 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 was Monday, March 10th. This represents a $0.24 annualized dividend and a yield of 9.47%. Nordic American Tankers’s dividend payout ratio is currently 109.09%.

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.