Arlington Capital Management buys $1,751,980 stake in Nordic American Tanker Ltd (NAT)

Nordic American Tanker Ltd (NAT) : Arlington Capital Management scooped up 44,453 additional shares in Nordic American Tanker Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 145,272 shares of Nordic American Tanker Ltd which is valued at $1,751,980.Nordic American Tanker Ltd makes up approximately 0.90% of Arlington Capital Management’s portfolio.

Other Hedge Funds, Including , Quantitative Investment Management boosted its stake in NAT in the latest quarter, The investment management firm added 25,000 additional shares and now holds a total of 63,500 shares of Nordic American Tanker Ltd which is valued at $765,810. Nordic American Tanker Ltd makes up approx 0.03% of Quantitative Investment Management’s portfolio.Chicago Equity Partners reduced its stake in NAT by selling 410 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 47,520 shares of NAT which is valued at $584,496. Nordic American Tanker Ltd makes up approx 0.02% of Chicago Equity Partners’s portfolio.Capital Fund Management S.a. boosted its stake in NAT in the latest quarter, The investment management firm added 31,990 additional shares and now holds a total of 88,282 shares of Nordic American Tanker Ltd which is valued at $1,128,244. Nordic American Tanker Ltd makes up approx 0.02% of Capital Fund Management S.a.’s portfolio.Msi Financial Services Inc boosted its stake in NAT in the latest quarter, The investment management firm added 832 additional shares and now holds a total of 10,396 shares of Nordic American Tanker Ltd which is valued at $132,861.

Nordic American Tanker Ltd opened for trading at $12.5 and hit $12.515 on the upside on Monday, eventually ending the session at $12.47, with a gain of 3.57% or 0.43 points. The heightened volatility saw the trading volume jump to 24,60,822 shares. Company has a market cap of $1,112 M.

On the company’s financial health, Nordic American Tanker Ltd reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.14.Analysts expectations of $ 62.42.During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on Nordic American Tanker Ltd. Nordic American Tanker Ltd was Downgraded by Jefferies to ” Underperform” on May 10, 2016.

Nordic American Tankers Limited (NAT) is an international tanker company. The Company owns approximately 24 Suezmax crude oil tankers two of which are newbuildings averaging approximately 156000 deadweight tonnage (dwt) each. The Company’s subsidiaries include Scandic American Shipping Ltd. (Scandic) and Orion Tankers Ltd (Orion). The Company’s Suezmax tankers are interchangeable assets within the Orion Tankers pool. NAT’s vessels include Nordic Harrier Nordic Hawk Nordic Hunter Nordic Voyager Nordic Fighter Nordic Freedom Nordic Discovery Nordic Saturn Nordic Jupiter Nordic Moon Nordic Apollo Nordic Vega Nordic Breeze Nordic Aurora Nordic Zenith and Nordic Sprinter. The Company’s vessels were built in the yards of various companies such as Samsung Heavy Industries Co. Ltd Hyundai Heavy Industries Co. Ltd. Daewoo Shipbuilding and Marine Engineering S.A. Dalian Shipbuilding Industry Co. Ltd. and Bohai Shipbuilding Heavy Industry Co. Ltd.

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