Nordic American Offshore Ltd. to Issue Dividend of $0.03 (NAO)
Nordic American Offshore Ltd. (NYSE:NAO) declared a dividend on Monday, November 14th. Shareholders of record on Wednesday, November 23rd will be given a dividend of 0.03 per share on Wednesday, December 7th. The ex-dividend date of this dividend is Monday, November 21st.
Nordic American Offshore (NYSE:NAO) opened at 2.75 on Tuesday. The company’s market capitalization is $62.01 million. The firm’s 50-day moving average is $3.37 and its 200-day moving average is $4.25. Nordic American Offshore has a 1-year low of $2.55 and a 1-year high of $5.69.
Nordic American Offshore (NYSE:NAO) last issued its quarterly earnings data on Monday, November 7th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.40) by $0.02. Nordic American Offshore had a negative net margin of 86.40% and a negative return on equity of 7.79%. During the same quarter in the prior year, the business posted ($0.13) EPS. Equities research analysts predict 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. Paloma Partners Management Co bought a new position in Nordic American Offshore Ltd. (NYSE:NAO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 63,211 shares of the company’s stock, valued at approximately $298,000. Paloma Partners Management Co owned approximately 0.28% of Nordic American Offshore as of its most recent SEC filing. 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.
About Nordic American Offshore
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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