Nordic American Tankers Stock Price, News & Analysis

Nordic American Tankers (NYSE: NAT) announced that Non-Executive Vice Chairman Alexander Hansson has increased his stake in the company through two recent share purchases. He acquired 150,000 shares at $2.40 per share and 100,000 shares at $2.19 per share in consecutive days.

Following these transactions, Alexander Hansson now holds 4,550,000 shares. The Hansson family's total ownership has reached 9,200,000 shares, making them the largest private shareholder group in NAT.

Nordic American Tankers (NYSE: NAT) announced significant insider share purchases by key executives. Non-Executive Vice Chairman Alexander Hansson acquired 100,000 shares at $2.19 per share, bringing his total holdings to 4,400,000 shares. Additionally, Founder, Chairman & CEO Herbjorn Hansson purchased 100,000 shares at the same price.

Following these transactions, the Hansson family's total ownership has reached 9,050,000 shares, establishing them as the largest private shareholder group in the company. These insider purchases demonstrate strong confidence in NAT's future prospects from its leadership team.

Nordic American Tankers (NYSE: NAT) released a brief shareholder communication where Chairman & CEO Herbjorn Hansson assured investors about the company's strong market position. The statement highlighted that NAT has maintained a conservative approach in volatile markets, which has created an upward trajectory for the company.

The PR primarily consisted of standard forward-looking statements and cautionary language regarding various risk factors that could affect business performance, including world economic conditions, charter rates, vessel values, OPEC production levels, operating expenses, and regulatory changes.

Nordic American Tankers (NYSE: NAT) announced that Non-Executive Vice Chairman Alexander Hansson has purchased 100,000 shares at $2.6368 per share on March 18, 2025. Following this transaction, Alexander Hansson's total holdings increased to 4,300,000 shares.

The Hansson family has strengthened its position as the largest private shareholder group in NAT, now owning a total of 8,850,000 shares.

Nordic American Tankers (NYSE: NAT) announced that Non-Executive Vice Chairman Alexander Hansson has increased his stake in the company by purchasing 100,000 shares at $2.4975 per share on March 14, 2025. Following this transaction, Alexander Hansson now holds 4,200,000 shares.

The Hansson family has strengthened its position as the largest private shareholder group in NAT, with their total ownership now reaching 8,750,000 shares.

Nordic American Tankers (NYSE: NAT) has announced the expansion of its fleet with two Suezmax tankers built in 2016 by Sungdong shipyard in South Korea. The first vessel is scheduled for delivery by the end of March 2025, while the sister vessel will be delivered in April 2025. The price for the second vessel is in the mid/high USD 60s million range.

Both vessels are fully financed and expected to enhance the company's earnings and dividend capacity. With these acquisitions, NAT's fleet will grow to 21 Suezmax tankers. The company plans to continue its strategy of acquiring ships while selling select units. Management indicates that 2025 is expected to be an active year for NAT, highlighting the company's strong market position.

Nordic American Tankers (NYSE: NAT) announced that Non-Executive Vice Chairman Alexander Hansson has purchased 100,000 shares at $2.45 per share on March 4, 2025. Following this transaction, Alexander Hansson's total holdings increased to 4,100,000 shares.

The Hansson family has strengthened its position as the largest private shareholder group in NAT, now owning a total of 8,650,000 shares.

Nordic American Tankers (NYSE: NAT) reported strong financial results for 2024, with net voyage revenue of $225 million and a net result of $46.6 million. The company's Q4 2024 Time Charter Equivalent (TCE) reached $26,416 per day per ship, with operating costs around $9,000 per day.

NAT announced several strategic fleet movements: purchasing a 2016-built suezmax tanker (mid/high $60's) for delivery in Q2 2025, selling a 2003-built suezmax for $23 million, and exercising purchase options for two 2018-built vessels. The company declared its 110th consecutive quarterly dividend of $0.06 per share, payable March 24, 2025, to shareholders of record as of March 10, 2025.

The company's financial flexibility has improved through a $150 million financing agreement with Beal Bank, leaving seven vessels unencumbered. NAT maintains its position as a fully compliant operator, having not transported Russian oil for 3.5 years, and continues to focus on reducing emissions through careful voyage planning.

Nordic American Tankers (NAT) has announced its fleet renewal strategy for 2025, planning to purchase two or three ships while selling an equal number. As an initial step, the company has agreed to sell one Suezmax tanker (built 2003) for USD 22.5 million, with the transaction expected to complete in Q1 2025.

The company is collaborating with its long-term financing partners, Beal Bank (Dallas) and Ocean Yield (New York), to support this fleet modernization initiative. These financial arrangements aim to increase liquidity and enhance financial flexibility while maintaining NAT's commitment to dividend payments and balance sheet strength.

NAT highlights its consistent dividend payment history, having distributed dividends for 109 consecutive quarters since its New York listing in 1995.