Canada Pension Plan Investment Board grew its holdings in shares of Nordic American Tankers Limited (NYSE:NAT) by 73.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,367 shares of the shipping company’s stock after purchasing an additional 33,967 shares during the period. Canada Pension Plan Investment Board owned approximately 0.08% of Nordic American Tankers Limited worth $429,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of NAT. Northern Trust Corp increased its holdings in shares of Nordic American Tankers Limited by 40.4% during the second quarter. Northern Trust Corp now owns 2,292,777 shares of the shipping company’s stock valued at $14,536,000 after purchasing an additional 659,827 shares during the period. Greylin Investment Mangement Inc. increased its holdings in shares of Nordic American Tankers Limited by 105.0% during the second quarter. Greylin Investment Mangement Inc. now owns 398,075 shares of the shipping company’s stock valued at $2,524,000 after purchasing an additional 203,850 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Nordic American Tankers Limited by 46.7% during the second quarter. 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 period. State Street Corp increased its holdings in shares of Nordic American Tankers Limited by 6.9% during the second quarter. State Street Corp now owns 1,778,065 shares of the shipping company’s stock valued at $11,272,000 after purchasing an additional 114,052 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Nordic American Tankers Limited by 19.0% during the second quarter. Wells Fargo & Company MN now owns 486,605 shares of the shipping company’s stock valued at $3,085,000 after purchasing an additional 77,822 shares during the period. 22.28% of the stock is currently owned by institutional investors.

Nordic American Tankers Limited (NAT) opened at $4.06 on Wednesday. The stock has a market capitalization of $420.02, a PE ratio of 103.00 and a beta of 0.90. Nordic American Tankers Limited has a fifty-two week low of $4.00 and a fifty-two week high of $9.95. The company has a current ratio of 4.69, a quick ratio of 3.87 and a debt-to-equity ratio of 0.52.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Monday, November 13th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Friday, November 10th.

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NAT has been the topic of a number of research analyst reports. Zacks Investment Research lowered Nordic American Tankers Limited from a “hold” rating to a “strong sell” rating in a report on Saturday, August 5th. Maxim Group set a $4.00 price target on Nordic American Tankers Limited and gave the company a “sell” rating in a report on Monday, August 7th. TheStreet lowered Nordic American Tankers Limited from a “c-” rating to a “d+” rating in a report on Thursday, August 10th. Finally, Morgan Stanley lowered their target price on Nordic American Tankers Limited from $6.50 to $5.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 8th. Five investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $5.67.

Nordic American Tankers Limited Profile

Nordic American Tankers Limited is an international tanker company. The Company owns approximately 26 vessels, including approximately two new buildings under construction, of approximately 156,000 deadweight tonnage (dwt) each. The Company’s Suezmaxes tankers can carry over one million barrels of oil.

Institutional Ownership by Quarter for Nordic American Tankers Limited (NYSE:NAT)

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