Economy

Nordic American Tankers Limited (NAT) Stake Held by Dimensional Fund Advisors LP

The stock of Nordic American Tanker Ltd (NYSE:NAT) is a huge mover today! Schwab Charles Investment Management Inc. now owns 435,285 shares of the shipping company's stock valued at $2,760,000 after purchasing an additional 138,574 shares during the last quarter.

By seeing technical data of Nordic American Tankers Limited (NYSE:NAT) and Teekay Tankers Ltd. (NYSE:TNK), some interesting facts appear regarding these companies.

Now the shares of Nordic American Tankers Limited (NAT) has a trading volume of 1.52 Million shares, with an average trading volume of 989070 shares - with shares dropping to a 52 week low of $4.41, and the company's shares hitting a 52 week high of $ 11.01. Karp Capital Management Corp bought a new position in Nordic American Tankers Limited in the 1st quarter worth approximately $118,000. Wells Fargo & Company MN now owns 408,783 shares of the shipping company's stock valued at $3,344,000 after purchasing an additional 189,905 shares during the last quarter. Finally, Metropolitan Life Insurance Co. Greylin Investment Mangement Inc. grew its position in shares of Nordic American Tankers Limited by 105.0% in the second quarter. Metropolitan Life Insurance Co. Carl Domino Inc now owns 159,170 shares of the shipping company's stock valued at $1,302,000 after purchasing an additional 18,420 shares during the last quarter. Nordic American Tankers Limited presently has an average rating of "Hold" and a consensus price target of $6.93. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of US & global copyright and trademark law.

TRADEMARK VIOLATION NOTICE: "Boston Family Office LLC Has $758,000 Holdings in Nordic American Tankers Limited (NYSE:NAT)" was published by TrueBlueTribune and is the property of of TrueBlueTribune.

This is a summary of recent ratings and price targets for Gener8 Maritime and Nordic American Tankers Limited, as provided by MarketBeat.com. The firm exchanged a volume of 1.52 million shares at hands. The stock's market capitalization is $551.64 million.

Its latest closing price kept its distance from the SMA50 at -16.47% and -6.88% compared with the SMA 20 while it was down/up -35.94% from the average-price of 200 days. The recent change has given its price a -6.78% deficit over SMA 50 and -52.33% deficit over its 52-week high.

Gener8 Maritime has higher revenue and earnings than Nordic American Tankers Limited. The shipping company reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.13) by $0.03.

This table compares Gener8 Maritime and Nordic American Tankers Limited's net margins, return on equity and return on assets. Nordic American Tankers Limited's revenue was down 29.2% on a year-over-year basis. During the same quarter past year, the company posted $0.15 earnings per share.

The number of shares now held by investors is 101.97 Million.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. The ex-dividend date of this dividend was Thursday, August 10th. At present, 0 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. Nordic American Tankers Limited's payout ratio is 2,000.00%.

NAT has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Nordic American Tankers Limited from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 16th. Maxim Group decreased their price objective on Nordic American Tankers Limited from $6.00 to $5.00 and set a "sell" rating for the company in a report on Monday, May 8th. One analyst rating the company a strong buy, one analyst rating the company a buy, three analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $14.20. The legal version of this article can be accessed at https://www.truebluetribune.com/2017/09/06/nordic-american-tankers-limited-nat-shares-sold-by-boston-family-office-llc.html. The Company operates through the transportation of worldwide seaborne crude oil and petroleum products with its fleet of vessels segment. The Firm owns approximately 26 vessels, including approximately two new buildings under construction, of approximately 156,000 deadweight tonnage each. The Company's Suezmaxes tankers can carry over one million barrels of oil.



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