Nordic American Offshore Ltd. (NAO) Plans $0.03 Dividend
Nordic American Offshore Ltd. (NYSE:NAO) declared a dividend on Monday, November 14th. Investors of record on Wednesday, November 23rd will be paid a dividend of 0.03 per share on Wednesday, December 7th. The ex-dividend date is Monday, November 21st.
Nordic American Offshore (NYSE:NAO) opened at 2.75 on Tuesday. Nordic American Offshore has a one year low of $2.55 and a one year high of $5.69. The company has a 50-day moving average of $3.37 and a 200 day moving average of $4.25. The firm’s market capitalization is $62.01 million.
Nordic American Offshore (NYSE:NAO) last issued its earnings results on Monday, November 7th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.02. Nordic American Offshore had a negative return on equity of 7.79% and a negative net margin of 86.40%. During the same quarter in the prior year, the business posted ($0.13) EPS. On average, analysts anticipate that Nordic American Offshore will post ($1.46) EPS for the current year.
An institutional investor recently bought a new position in Nordic American Offshore stock. Laurion Capital Management LP purchased a new position in Nordic American Offshore Ltd. (NYSE:NAO) during the second quarter, according to its most recent filing with the SEC. The fund purchased 50,900 shares of the company’s stock, valued at approximately $240,000. Laurion Capital Management LP owned 0.23% of Nordic American Offshore at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.12% of the company’s stock.
Separately, Zacks Investment Research lowered shares of Nordic American Offshore from a “buy” rating to a “sell” rating in a research report on Wednesday, August 10th.
Nordic American Offshore Company Profile
Nordic American Offshore Limited (NAO) operates platform supply vessels (PSV). The Company owns approximately eight vessels. The Company operates in the offshore support vessel market segment. The Company has approximately two vessels under construction. The Company’s vessels operate in the North Sea in both the term and spot market.
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