Nordic American Tankers Ltd (NYSE: NAT) – The Hansson family purchase more shares in NAT
Rhea-AI Summary
Nordic American Tankers (NYSE: NAT) insiders — Founder/Chairman & CEO Herbjorn Hansson and Vice-Chair Alexander Hansson — each purchased 200,000 shares on March 3, 2026 at $5.7016 and $5.6959 per share respectively.
After the buys the Hansson family holds 11,050,000 shares, representing 5.2% of outstanding shares, remaining the largest private shareholder group.
Positive
- Founder and Vice-Chair each purchased 200,000 shares
- Family ownership now 11,050,000 shares
- Hansson family holds 5.2% of outstanding shares
- Continues as the largest private shareholder group
Negative
- None.
News Market Reaction – NAT
On the day this news was published, NAT declined 3.02%, reflecting a moderate negative market reaction. Argus tracked a trough of -4.1% from its starting point during tracking. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $39M from the company's valuation, bringing the market cap to $1.26B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
NAT was up 4.01% with strong volume, while close peers showed mixed moves: TK down 6.33%, TEN down 0.64%, NGL up 3.07%, PBT up 0.35%, and CLCO flat. Only one sector peer in the momentum scanner, suggesting a stock-specific move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 26 | Q4 2025 results | Positive | +7.1% | Strong Q4 TCE, net result, liquidity, and dividend highlighted. |
| Feb 09 | Vessel sale | Positive | -0.2% | Announced $25M sale of debt-free 2003-built Suezmax tanker. |
| Jan 16 | Fleet optimization | Positive | +0.0% | Outlined sales, purchases, and newbuild orders in strong tanker market. |
| Dec 22 | Insider share purchase | Positive | +1.5% | Hansson family increased holdings and crossed 5% ownership threshold. |
| Dec 18 | Asset sales/newbuilds | Positive | -2.3% | Agreements to sell two tankers and prelim deal for two newbuildings. |
Recent NAT releases with positive operational or strategic news have often seen positive or flat next-day reactions, though asset sale announcements have occasionally coincided with negative moves.
Over the last several months, Nordic American Tankers has reported a series of constructive updates. A report on December 31, 2025 highlighted strong Q4 results, including higher TCE and continued dividends, and the stock rose 7.14%. The company has actively optimized its fleet, selling older Suezmax tankers and contracting newbuildings, with mixed short-term price reactions. A prior Hansson family purchase disclosed on December 22, 2025 coincided with a 1.48% gain. Today’s additional family buying fits this pattern of insider accumulation alongside a solid operating backdrop.
Market Pulse Summary
This announcement details fresh insider buying, with the Hansson family lifting its collective stake to 11,050,000 shares, or 5.2% of outstanding shares. It follows recent news of strong Q4 2025 performance and active fleet optimization, including vessel sales and newbuild contracts. Together, these updates underscore management’s direct exposure to NAT’s prospects. Investors may focus on future earnings, dividend continuity, and further fleet transactions as key checkpoints.
AI-generated analysis. Not financial advice.
Tuesday, March 3, 2026
Dear Shareholders and Investors,
I am pleased to disclose that I, as the Founder, Chairman & CEO of NAT, today have bought 200,000 shares at
Simultaneously, my son, Alexander Hansson, Vice-Chair of NAT has bought 200,000 shares at
Following this transaction, our family collectively owns 11,050,000 shares and has
As in the past, the Hansson family is the largest private shareholder group in the company.
Prospects for our group are good.
For further information on Nordic American Tankers, please see
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
Who bought shares of Nordic American Tankers (NAT) on March 3, 2026?
How many shares and what percentage of NAT does the Hansson family own after the March 3, 2026 purchases?
At what prices were the NAT shares bought by the Hansson family on March 3, 2026?
Does the Hansson family’s March 3, 2026 purchase materially change control of NAT (NYSE: NAT)?
Where can investors find more information about Nordic American Tankers (NAT) disclosures following the March 3, 2026 buy?
