WealthTrust Axiom LLC Acquires 19,578 Shares of Nordic American Tankers Limited (NYSE:NAT)

WealthTrust Axiom LLC lifted its holdings in Nordic American Tankers Limited (NYSE:NAT) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 674,346 shares of the shipping company’s stock after buying an additional 19,578 shares during the quarter. Nordic American Tankers comprises 0.9% of WealthTrust Axiom LLC’s portfolio, making the stock its 27th biggest holding. WealthTrust Axiom LLC owned about 0.32% of Nordic American Tankers worth $2,832,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Significant Wealth Partners LLC bought a new position in shares of Nordic American Tankers in the fourth quarter worth about $4,267,000. Qube Research & Technologies Ltd raised its position in Nordic American Tankers by 783.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 484,179 shares of the shipping company’s stock worth $1,995,000 after purchasing an additional 429,396 shares during the last quarter. Rhumbline Advisers lifted its holdings in Nordic American Tankers by 112.9% during the 3rd quarter. Rhumbline Advisers now owns 662,435 shares of the shipping company’s stock worth $2,729,000 after buying an additional 351,216 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Nordic American Tankers in the 3rd quarter valued at $846,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Nordic American Tankers by 3.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,047,454 shares of the shipping company’s stock valued at $16,999,000 after buying an additional 152,166 shares during the period. Institutional investors and hedge funds own 44.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NAT shares. TheStreet cut Nordic American Tankers from a “b-” rating to a “c+” rating in a report on Monday, February 5th. Jefferies Financial Group reiterated a “buy” rating and set a $5.50 price target on shares of Nordic American Tankers in a research report on Thursday, February 29th. Finally, Evercore ISI dropped their price target on shares of Nordic American Tankers from $5.00 to $4.50 and set an “in-line” rating for the company in a research note on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $5.33.

Nordic American Tankers Trading Down 0.8 %

Shares of Nordic American Tankers stock traded down $0.03 during trading on Tuesday, hitting $3.90. 1,173,370 shares of the company were exchanged, compared to its average volume of 2,870,396. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.55 and a quick ratio of 1.10. The firm has a market capitalization of $814.32 million, a P/E ratio of 8.36 and a beta of -0.10. The firm’s fifty day moving average price is $3.97 and its 200 day moving average price is $4.19. Nordic American Tankers Limited has a 1-year low of $3.26 and a 1-year high of $4.83.

Nordic American Tankers (NYSE:NAT) last released its quarterly earnings data on Friday, March 1st. The shipping company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.06). Nordic American Tankers had a return on equity of 18.12% and a net margin of 37.65%. The firm had revenue of $59.25 million for the quarter, compared to the consensus estimate of $68.90 million. During the same period in the previous year, the business earned $0.17 EPS. As a group, sell-side analysts expect that Nordic American Tankers Limited will post 0.6 earnings per share for the current fiscal year.

Nordic American Tankers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 20th were issued a $0.12 dividend. This is a positive change from Nordic American Tankers’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.48 annualized dividend and a dividend yield of 12.31%. Nordic American Tankers’s payout ratio is 102.13%.

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 19 Suezmax crude oil tankers. The company was incorporated in 1995 and is headquartered in Hamilton, Bermuda.