Nordic American Tankers Ltd (NYSE: NAT) – Non-Executive Vice Chairman of NAT, Alexander Hansson buys more shares
- Significant insider buying demonstrates management's confidence in the company
- Increased stake by the Hansson family strengthens alignment with shareholder interests
- Large ownership position by management suggests long-term commitment to company success
- None.
Insights
NAT's Vice Chairman increases his stake by 100,000 shares, signaling insider confidence in the company's prospects.
The purchase of 100,000 shares at
Insider buying typically signals management confidence in a company's future prospects and potential undervaluation. This transaction is particularly significant given the substantial existing stake held by the Hansson family, who are further increasing their alignment with general shareholders. The timing suggests they see value at the current price point.
For context, tanker companies like NAT operate in a cyclical industry affected by global oil trade flows and shipping rates. Management with deep industry knowledge often times purchases shares when they believe market conditions are favorable or when share prices don't reflect fundamentals. This purchase might indicate confidence in either improving tanker rates, NAT's competitive positioning, or that the current stock price represents good value.
The Hansson family's continued investment reinforces their commitment to the company, with Herbjørn Hansson serving as Founder, Chairman and CEO, while Alexander holds the Non-Executive Vice Chairman position. This family leadership and significant ownership stake creates a strong incentive for long-term value creation rather than short-term results.
Friday, May 30, 2025
Dear Shareholders and Investors,
Non-Executive Vice Chairman of NAT, Alexander Hansson, has today bought 100,000 shares at
Following this transaction, the Hansson family owns 9,300,000 shares – being the largest private shareholder group in the company.
For contacts, please see at the end of this communication.
Sincerely,
Herbjorn Hansson
Founder, Chairman & CEO
Nordic American Tankers Ltd. www.nat.bm
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 Alexander Hansson purchase on May 30, 2025?
What is Alexander Hansson's total shareholding in Nordic American Tankers after the purchase?
How many shares does the Hansson family own in total in NAT?
What is the Hansson family's position among NAT shareholders?
What was the purchase price per share for Alexander Hansson's NAT stock acquisition?
