Metropolitan Life Insurance Co. NY boosted its position in Nordic American Tankers Limited (NYSE:NAT) by 4.0% during the first quarter, Holdings Channel reports. The institutional investor owned 69,792 shares of the shipping company’s stock after buying an additional 2,675 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Nordic American Tankers Limited were worth $571,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc raised its stake in shares of Nordic American Tankers Limited by 0.3% in the first quarter. IFP Advisors Inc now owns 23,286 shares of the shipping company’s stock worth $190,000 after buying an additional 73 shares during the period. Nationwide Fund Advisors raised its stake in shares of Nordic American Tankers Limited by 0.8% in the first quarter. Nationwide Fund Advisors now owns 58,327 shares of the shipping company’s stock worth $477,000 after buying an additional 469 shares during the period. Sheaff Brock Investment Advisors LLC raised its stake in shares of Nordic American Tankers Limited by 4.4% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 23,507 shares of the shipping company’s stock worth $192,000 after buying an additional 1,000 shares during the period. Legal & General Group Plc raised its stake in shares of Nordic American Tankers Limited by 5.6% in the first quarter. Legal & General Group Plc now owns 34,598 shares of the shipping company’s stock worth $283,000 after buying an additional 1,835 shares during the period. Finally, Private Advisor Group LLC raised its stake in shares of Nordic American Tankers Limited by 3.8% in the first quarter. Private Advisor Group LLC now owns 74,630 shares of the shipping company’s stock worth $597,000 after buying an additional 2,766 shares during the period. 27.02% of the stock is currently owned by institutional investors.

Nordic American Tankers Limited (NAT) traded down 1.82% on Thursday, reaching $5.39. The company had a trading volume of 317,021 shares. The firm has a 50 day moving average price of $6.05 and a 200-day moving average price of $7.27. The stock’s market capitalization is $549.61 million. Nordic American Tankers Limited has a 12 month low of $5.36 and a 12 month high of $12.46.

Nordic American Tankers Limited (NYSE:NAT) last announced its quarterly earnings data on Monday, August 7th. The shipping company reported ($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.03. The firm had revenue of $39.10 million during the quarter, compared to the consensus estimate of $42.47 million. Nordic American Tankers Limited had a net margin of 0.06% and a return on equity of 0.25%. The firm’s quarterly revenue was down 29.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 earnings per share. Analysts forecast that Nordic American Tankers Limited will post ($0.39) earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Monday, August 14th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.60 dividend on an annualized basis and a yield of 10.73%. Nordic American Tankers Limited’s payout ratio is 4,000.00%.

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NAT has been the topic of a number of recent analyst reports. Maxim Group reaffirmed a “sell” rating and set a $6.00 target price on shares of Nordic American Tankers Limited in a research report on Friday, April 21st. Zacks Investment Research lowered Nordic American Tankers Limited from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Jefferies Group LLC reaffirmed a “sell” rating and set a $5.00 target price (down from $7.00) on shares of Nordic American Tankers Limited in a research report on Monday, May 8th. Finally, Vetr lowered Nordic American Tankers Limited from a “strong-buy” rating to a “buy” rating and set a $7.08 target price on the stock. in a research report on Monday, May 8th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the stock. Nordic American Tankers Limited currently has a consensus rating of “Hold” and a consensus price target of $6.93.

Nordic American Tankers Limited Company Profile

Nordic American Tankers Limited is an international tanker company. The Company owns approximately 26 vessels, including approximately two new buildings under construction, of approximately 156,000 deadweight tonnage (dwt) each. The Company’s Suezmaxes tankers can carry over one million barrels of oil.

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Institutional Ownership by Quarter for Nordic American Tankers Limited (NYSE:NAT)

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