Arlington Capital Management adds Nordic American Tanker Ltd (NAT) to its portfolio

Nordic American Tanker Ltd (NAT) : Arlington Capital Management added new position in Nordic American Tanker Ltd during the most recent quarter end. The investment management firm now holds 100,819 shares of Nordic American Tanker Ltd which is valued at $1,540,514 , the company said in a statement filed on May 3, 2016 with the SEC.Nordic American Tanker Ltd makes up approximately 1.26% of Arlington Capital Management’s portfolio.

Other Hedge Funds, Including , Hanseatic Management Services Inc reduced its stake in NAT by selling 265 shares or 32.2% in the most recent quarter. The Hedge Fund company now holds 558 shares of NAT which is valued at $8,526.Ifp Advisors Inc boosted its stake in NAT in the latest quarter, The investment management firm added 3,465 additional shares and now holds a total of 7,094 shares of Nordic American Tanker Ltd which is valued at $108,396. Nordic American Tanker Ltd makes up approx 0.01% of Ifp Advisors Inc’s portfolio.Metlife Securities Inc reduced its stake in NAT by selling 289 shares or 2.93% in the most recent quarter. The Hedge Fund company now holds 9,564 shares of NAT which is valued at $139,826. Nordic American Tanker Ltd makes up approx 0.01% of Metlife Securities Inc’s portfolio.Winslow Evans Crocker reduced its stake in NAT by selling 18,050 shares or 82.61% in the most recent quarter. The Hedge Fund company now holds 3,800 shares of NAT which is valued at $55,556. Nordic American Tanker Ltd makes up approx 0.02% of Winslow Evans Crocker’s portfolio.Murphy Capital Management Inc reduced its stake in NAT by selling 5,000 shares or 26.18% in the most recent quarter. The Hedge Fund company now holds 14,100 shares of NAT which is valued at $206,142. Nordic American Tanker Ltd makes up approx 0.03% of Murphy Capital Management Inc’s portfolio.

Nordic American Tanker Ltd closed down -0.55 points or -3.54% at $15 with 35,13,264 shares getting traded on Tuesday. Post opening the session at $15.46, the shares hit an intraday low of $14.47 and an intraday high of $15.54 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Nordic American Tanker Ltd reported $0.33 EPS for the quarter, based on the information available during the earnings call on May 9, 2016. Analyst had a consensus estimate of $0.33.Analysts expectations of $ 74.98.During the same quarter in the previous year, the company posted $0.34 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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