Tuesday, March 4, 2025 Dear Shareholders and Investors, Non-Executive Vice Chairman of NAT, Alexander Hansson, has today bought 100,000 shares at $2.45 per share. He is now holding 4,100,000 shares.
Friday, February 28, 2025 Dear Shareholders and Investors, Ninety day periods offer a short-term snapshot of a company, but it is more instructive to look at the bigger, longer-term picture. The direction of NAT is unquestionably upwards as we create room for profitable growth.
Nordic American Tankers' stock has declined by 26% since my last report, trending inline with weaker tanker rates. At current tanker rates, analyst estimates are likely too optimistic for 2025. Using more realistic assumptions, I believe NAT is fairly valued at 10x Fwd P/E. On the plus side, NAT's 6% dividend appears safe given current tanker rates. This could support the stock's valuation.
Thursday, December 12, 2024 Dear Shareholders and Investors, This is to inform you that I personally and a company owned and guaranteed by me have today bought 100,000 shares in NAT at the price of USD 2.6129 per share. Following this transaction the Hansson family owns an aggregate of 8,150,000 shares – being the largest private shareholder group in the company.
Wednesday, December 4, 2024 Dear Shareholders and Investors, This is to inform you that I personally and a company owned and guaranteed by me have today bought 194,341 shares in NAT at the price of USD 2.7802 per share. Following this transaction the Hansson family owns an aggregate of 8,000,000 shares – being the largest private shareholder group in the company.
Monday, December 2, 2024 Dear Shareholders and Investors, Non-Executive Vice Chairman of NAT, Alexander Hansson, has today bought 350,000 shares at $2.6471 per share. He is now holding 3,550,000 shares.
Nordic American Tankers reported weaker-than-expected Q3/2024 results and cut the quarterly dividend by 67% to $0.04 per share. While seasonal weakness impacted the company's average daily time charter equivalent ("TCE") rate, cash generation remained strong. In the press release, management hinted at near-term fleet expansion plans.
Nordic American Tankers (NAT) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.04 per share a year ago.
Friday, November 29, 2024 Dear Shareholders and Investors, Highlights: The international profile of NAT is reflected in the fact that during the last five years our ships have loaded & discharged in 68 countries. Ninety day periods offer a short-term snapshot of a company.
Friday, November 29, 2024 Dear Shareholders and Investors, Highlights: The international profile of NAT is reflected in the fact that during the last five years our ships have loaded & discharged in 68 countries. Ninety day periods offer a short-term snapshot of a company.