Nordic American Tankers Limited (NYSE:NAT) Stock Holdings Raised by Barclays PLC

Barclays PLC raised its stake in Nordic American Tankers Limited (NYSE:NAT) by 274.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 268,115 shares of the shipping company’s stock after acquiring an additional 196,571 shares during the period. Barclays PLC’s holdings in Nordic American Tankers were worth $984,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. MML Investors Services LLC increased its position in shares of Nordic American Tankers by 46.0% in the 3rd quarter. MML Investors Services LLC now owns 86,357 shares of the shipping company’s stock worth $317,000 after purchasing an additional 27,210 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of Nordic American Tankers by 67.6% during the 3rd quarter. Two Sigma Advisers LP now owns 3,774,100 shares of the shipping company’s stock valued at $13,851,000 after buying an additional 1,521,900 shares during the last quarter. Penn Mutual Asset Management grew its position in shares of Nordic American Tankers by 25.2% during the 3rd quarter. Penn Mutual Asset Management now owns 134,000 shares of the shipping company’s stock valued at $492,000 after buying an additional 27,000 shares during the last quarter. Quantbot Technologies LP grew its position in shares of Nordic American Tankers by 198.9% during the 3rd quarter. Quantbot Technologies LP now owns 207,008 shares of the shipping company’s stock valued at $760,000 after buying an additional 137,745 shares during the last quarter. Finally, Raymond James Trust N.A. bought a new stake in shares of Nordic American Tankers during the 3rd quarter valued at about $37,000. Institutional investors own 44.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NAT. Jefferies Financial Group reaffirmed a “hold” rating and set a $3.50 price objective on shares of Nordic American Tankers in a research report on Friday, November 29th. StockNews.com raised shares of Nordic American Tankers from a “sell” rating to a “hold” rating in a research report on Monday, December 2nd.

Nordic American Tankers Price Performance

NYSE NAT opened at $2.45 on Tuesday. Nordic American Tankers Limited has a 52 week low of $2.41 and a 52 week high of $4.64. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of 0.36. The stock has a market cap of $511.55 million, a price-to-earnings ratio of 8.45 and a beta of -0.26. The company has a 50-day moving average price of $2.91 and a two-hundred day moving average price of $3.44.

Nordic American Tankers Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Tuesday, December 17th will be given a $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 19.59%. The ex-dividend date is Tuesday, December 17th. Nordic American Tankers’s dividend payout ratio (DPR) is 55.17%.

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.