Doheny Asset Management Ca buys $4,043,342 stake in Nordic American Tanker Ltd (NAT)

Nordic American Tanker Ltd (NAT) : Doheny Asset Management Ca scooped up 106,300 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 10, 2016. The investment management firm now holds a total of 331,150 shares of Nordic American Tanker Ltd which is valued at $4,043,342.Nordic American Tanker Ltd makes up approximately 1.96% of Doheny Asset Management Ca’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in NAT in the latest quarter, The investment management firm added 149,318 additional shares and now holds a total of 4,314,203 shares of Nordic American Tanker Ltd which is valued at $52,676,419. Investment Centers Of America Inc sold out all of its stake in NAT during the most recent quarter. The investment firm sold 12,767 shares of NAT which is valued $159,204.Private Advisor Group boosted its stake in NAT in the latest quarter, The investment management firm added 2,987 additional shares and now holds a total of 99,324 shares of Nordic American Tanker Ltd which is valued at $1,238,570. Nordic American Tanker Ltd makes up approx 0.05% of Private Advisor Group’s portfolio. Advisors Asset Management sold out all of its stake in NAT during the most recent quarter. The investment firm sold 1,109 shares of NAT which is valued $13,707.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.

Nordic American Tanker Ltd closed down -0.24 points or -2.16% at $10.89 with 21,99,039 shares getting traded on Friday. Post opening the session at $11.1, the shares hit an intraday low of $10.87 and an intraday high of $11.11 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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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