Parkwood Limited Liability Company accumulated 12,662 shares or 0.02% of the stock.
Several other hedge funds also recently modified their holdings of the stock. Northstar Wealth Partners LLC bought a new stake in shares of Nordic American Tankers Limited during the first quarter worth approximately $110,000. Laurion Capital Management LP purchased a new position in shares of Nordic American Offshore during the first quarter valued at approximately $1,587,000. Airain ltd acquired a new stake in shares of Nordic American Tankers Limited during the first quarter worth $126,000. Principal Financial Group Inc expanded its position by buying 4,454 shares an increase of 37.9% as of 06/30/2017. Sheaff Brock Investment Advisors LLC now owns 23,507 shares of the shipping company's stock valued at $192,000 after buying an additional 1,000 shares during the period. LLC increased its position in Nordic American Tankers Limited by 4.7% in the second quarter. The Company operates in the offshore support vessel market segment. It is down 48.16% since August 8, 2016 and is downtrending. The firm's market capitalization is $555.73 million. The firm's 50 day moving average price is $1.19 and its 200-day moving average price is $1.39. Nordic American Offshore has a 52 week low of $0.80 and a 52 week high of $4.57.
Over the past five trading sessions shares of Nordic American Offshore Ltd. (NYSE:NAO) are 3.31%; 8.7% for the month; 20.19% for the last quarter; -50% for the past six-months; and -71.97% for the last 12 months. Nordic American Offshore reported earnings per share of ($0.42) in the same quarter last year, which would suggest a positive year-over-year growth rate of 69%. The firm had revenue of $39.10 million during the quarter, compared to analysts' expectations of $42.47 million.
Nordic American Offshore Ltd. (NYSE:NAO) closed up +0.04 points or 3.31% at $1.25 with 0.51 mln shares exchanging hands.
Among 8 analysts covering Nordic American Tanker Shipping (NYSE:NAT), 1 have Buy rating, 3 Sell and 4 Hold. They expect $-0.11 earnings per share, down 173.33% or $0.26 from last year's $0.15 per share. On average, equities analysts predict that Nordic American Tankers Limited will post ($0.35) earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Monday, August 14th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, August 15th. The dividend was $0.100 per share for the quarter or $0.40 annualized. Nordic American Tankers Limited's dividend payout ratio is now 4,000.00%.
TRADEMARK VIOLATION WARNING: This report was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another website, it was stolen and reposted in violation of global copyright laws. The original version of this piece can be accessed at https://www.baseball-news-blog.com/2017/08/09/shah-capital-management-acquires-338000-shares-of-nordic-american-offshore-ltd-nysenao-updated-updated-updated.html. Wells Fargo initiated the shares of NAT in report on Wednesday, November 16 with "Market Perform" rating. Jefferies maintained Nordic American Tanker Ltd (NYSE:NAT) on Monday, April 3 with "Sell" rating. Maxim Group set a $5.00 price objective on shares of Nordic American Tankers Limited and gave the company a sell rating in a report on Saturday, July 22nd. Jefferies Group LLC reiterated a "sell" rating and issued a $5.00 price target (down previously from $7.00) on shares of Nordic American Tankers Limited in a report on Monday, May 8th. Finally, Vetr cut Nordic American Tankers Limited from a "strong-buy" rating to a "buy" rating and set a $6.89 price target on the stock.in a research report on Thursday, June 1st. The analyst recommendations from a month ago are 2 Buy, 0 Overweight, 0 Sell, 0 Hold and 0 Underweight.
Jefferies lowered the price target and downgraded the stock on May 10 changing the price target from $12.00 to $10.00 and cutting the rating from "Hold" to "Underperform".