Voya Investment Management LLC raised its position in Nordic American Tankers Limited (NYSE:NAT) by 14.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,032 shares of the shipping company’s stock after purchasing an additional 5,659 shares during the quarter. Voya Investment Management LLC’s holdings in Nordic American Tankers Limited were worth $292,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp raised its position in shares of Nordic American Tankers Limited by 40.4% during the second quarter. Northern Trust Corp now owns 2,292,777 shares of the shipping company’s stock worth $14,536,000 after acquiring an additional 659,827 shares during the last quarter. Greylin Investment Mangement Inc. raised its position in shares of Nordic American Tankers Limited by 105.0% during the second quarter. Greylin Investment Mangement Inc. now owns 398,075 shares of the shipping company’s stock worth $2,524,000 after acquiring an additional 203,850 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Nordic American Tankers Limited by 46.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 435,285 shares of the shipping company’s stock worth $2,760,000 after acquiring an additional 138,574 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Nordic American Tankers Limited by 19.0% during the second quarter. Wells Fargo & Company MN now owns 486,605 shares of the shipping company’s stock worth $3,085,000 after acquiring an additional 77,822 shares during the last quarter. Finally, Virtu KCG Holdings LLC raised its position in shares of Nordic American Tankers Limited by 221.3% during the second quarter. Virtu KCG Holdings LLC now owns 80,249 shares of the shipping company’s stock worth $509,000 after acquiring an additional 55,271 shares during the last quarter. Hedge funds and other institutional investors own 22.67% of the company’s stock.

A number of brokerages have recently issued reports on NAT. Maxim Group restated a “sell” rating on shares of Nordic American Tankers Limited in a research report on Monday, November 6th. Zacks Investment Research cut Nordic American Tankers Limited from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 5th. Morgan Stanley decreased their target price on Nordic American Tankers Limited from $6.50 to $5.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 8th. TheStreet cut Nordic American Tankers Limited from a “c-” rating to a “d+” rating in a research note on Thursday, August 10th. Finally, BidaskClub cut Nordic American Tankers Limited from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company’s stock. Nordic American Tankers Limited has an average rating of “Hold” and an average price target of $5.67.

Shares of Nordic American Tankers Limited (NYSE:NAT) opened at $4.13 on Wednesday. The company has a quick ratio of 3.87, a current ratio of 4.69 and a debt-to-equity ratio of 0.52. Nordic American Tankers Limited has a one year low of $4.09 and a one year high of $9.95. The company has a market capitalization of $431.24, a P/E ratio of 105.75 and a beta of 0.90.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Monday, November 13th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.12 dividend on an annualized basis and a yield of 2.91%.

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About Nordic American Tankers Limited

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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