Nordic American Tankers Ltd (NYSE: NAT) – Founder, Chairman & CEO buys more NAT shares - the path is unquestionably upwards
Rhea-AI Summary
Nordic American Tankers (NYSE: NAT) announced that Founder, Chairman & CEO Herbjorn Hansson has purchased 150,000 shares at $3.11 per share, increasing his personal ownership to 5,100,000 shares. Combined with his family's holdings, they now own 10,250,000 shares, making them the largest private shareholder group in the company.
The company highlighted its consistent dividend payment track record of 113 consecutive quarters since its stock listing in 1995. Management expressed optimism about the company's future prospects, stating that "the path is unquestionably upwards."
Positive
- Insider buying of 150,000 shares by CEO demonstrates management confidence
- Strong dividend track record with 113 consecutive quarterly payments
- CEO's family is largest private shareholder with 10.25M shares, showing significant skin in the game
Negative
- None.
News Market Reaction – NAT
On the day this news was published, NAT gained 1.95%, reflecting a mild positive market reaction. This price movement added approximately $14M to the company's valuation, bringing the market cap to $711M at that time. Trading volume was above average at 1.6x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
Tuesday, September 30, 2025
Dear Shareholders and Investors,
Being the Founder, Chairman & CEO, I have today bought 150,000 shares at
Following this transaction, my family owns 10,250,000 million shares and is the largest private shareholder group in the company.
NAT has paid dividend for 113 consecutive quarters, after becoming stocklisted in 1995.
Prospects are are good, and the path is unquestionably upwards.
For further information on Nordic American Tankers, please see
www.nat.bm
For contacts, please see at the end of this communication.
Sincerely,
Herbjorn Hansson
Founder, Chairman & CEO
Nordic American Tankers Ltd.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker market, as a result of changes in OPEC’s petroleum production levels and worldwide oil consumption and storage, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other important factors described from time to time in the reports filed by the Company with
the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our Annual Report on Form 20-F, and our reports on Form 6-K.
Contacts:
Bjørn Giæver, CFO
Nordic American Tankers Ltd
Tel: +1 888 755 8391
Alexander Kihle, Finance Manager
Nordic American Tankers Ltd
Tel: +47 91 724 171
FAQ
How many NAT shares did the CEO purchase in September 2025?
How many consecutive quarters has NAT paid dividends?
What is the total share ownership of NAT's CEO and his family?
When did Nordic American Tankers become listed on the stock market?
