Realta Investment Advisors Takes Position in Nordic American Tankers Limited (NYSE:NAT)

Realta Investment Advisors purchased a new position in shares of Nordic American Tankers Limited (NYSE:NAT) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 26,753 shares of the shipping company’s stock, valued at approximately $67,000.

A number of other large investors also recently bought and sold shares of NAT. SG Americas Securities LLC lifted its position in shares of Nordic American Tankers by 8.4% during the fourth quarter. SG Americas Securities LLC now owns 75,107 shares of the shipping company’s stock worth $188,000 after purchasing an additional 5,811 shares during the last quarter. Ballentine Partners LLC lifted its holdings in Nordic American Tankers by 90.7% during the 4th quarter. Ballentine Partners LLC now owns 24,737 shares of the shipping company’s stock valued at $62,000 after buying an additional 11,767 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in Nordic American Tankers by 178.9% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 44,694 shares of the shipping company’s stock valued at $171,000 after buying an additional 28,670 shares during the period. Franklin Resources Inc. grew its stake in Nordic American Tankers by 99.8% in the 3rd quarter. Franklin Resources Inc. now owns 25,333 shares of the shipping company’s stock worth $92,000 after acquiring an additional 12,651 shares in the last quarter. Finally, Barclays PLC grew its stake in Nordic American Tankers by 274.8% in 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 in the last quarter. Hedge funds and other institutional investors own 44.29% of the company’s stock.

Nordic American Tankers Trading Down 1.1 %

NYSE NAT opened at $2.71 on Friday. Nordic American Tankers Limited has a one year low of $2.41 and a one year high of $4.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.56 and a current ratio of 0.73. The company has a market capitalization of $565.85 million, a price-to-earnings ratio of 9.34 and a beta of -0.31. The company’s 50-day simple moving average is $2.66 and its two-hundred day simple moving average 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 the consensus estimate of $0.06 by ($0.02). Nordic American Tankers had a net margin of 26.41% and a return on equity of 11.95%. Equities analysts forecast that Nordic American Tankers Limited will post 0.24 EPS for the current fiscal year.

Nordic American Tankers Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NAT shares. StockNews.com upgraded Nordic American Tankers from a “sell” rating to a “hold” rating in a report on Monday, December 2nd. Jefferies Financial Group reiterated a “hold” rating and issued a $3.50 target price on shares of Nordic American Tankers in a report on Friday, November 29th.

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.