NAT Nordic American Tankers Limited Common Stock
NYSE · Energy · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Apr 29, 2026
$8.42
· of 52w range
· above low
· to high
$3.1052w low
$8.4352w high
Market Cap
$1.78B
P/E
140.3
EPS
$0.06
Revenue
$292M
your badges
52W Range
$3–$8
Analyst Rating
BUY
Price Target
$6
P/E
140.3
ROE
2.6%
Net Profit Margin
4.2%
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NAT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$8.42
Market Cap
$1.78B
P/E
140.3
EPS
$0.06
Revenue
$292M
Div Yield
4.3%
ROE
2.6%
Debt/Equity
1.0
52W Range
$3–$8
NAT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Aug. 10, 2017 | 126-for-125 | Forward |
| July 23, 2014 | 507-for-500 | Forward |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$292M2016-12-31 → 2025-12-31
EPS$0.062016-12-31 → 2025-12-31
Net margin4.2%2018-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | NAT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | 140.35Y avg ≈23.9 | ≈23.9 | 10.7 | Overvalued | |
| P/S | 6.15Y avg ≈2.0 | ≈2.0 | 2.0 | Pricier | |
| P/B | 4.05Y avg ≈1.2 | ≈1.2 | 1.4 | Pricier | |
| EV / EBITDA | 46.65Y avg ≈11.9 | ≈11.9 | 24.9 | Fair value | |
| Price / Cash Flow | 89.95Y avg ≈13.3 | ≈13.3 | 5.3 | Overvalued | |
| EV / Revenue | 7.45Y avg ≈2.9 | ≈2.9 | · | · | |
| Price / Tangible Book | 4.05Y avg ≈1.2 | ≈1.2 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | NAT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin | 15.9%5Y avg ≈1.5% | ≈1.5% | 31.9% | Weak | |
| EBITDA Margin | 15.9%5Y avg ≈1.5% | ≈1.5% | 41.0% | Weak | |
| Pretax Margin | 4.2%5Y avg ≈-8.5% | ≈-8.5% | 25.6% | Weak | |
| Net Profit Margin | 4.2%5Y avg ≈-8.5% | ≈-8.5% | 15.0% | Weak | |
| ROA | 1.4%5Y avg ≈0.22% | ≈0.22% | 3.6% | Weak | |
| ROE | 2.6%5Y avg ≈0.29% | ≈0.29% | 5.7% | Weak | |
| ROIC | 5.3%5Y avg ≈3.6% | ≈3.6% | 6.8% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | NAT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity | 1.05Y avg ≈0.7 | ≈0.7 | 1.2 | Low debt | |
| Current Ratio | 2.25Y avg ≈1.8 | ≈1.8 | 2.9 | Low liquidity | |
| Quick Ratio | 1.05Y avg ≈0.9 | ≈0.9 | 2.0 | Low liquidity | |
| Long-Term Debt / Equity | 0.95Y avg ≈0.6 | ≈0.6 | 1.1 | Low debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | NAT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.35Y avg ≈0.4 | ≈0.4 | 0.3 | In line | |
| Receivables Turnover | 16.55Y avg ≈18.1 | ≈18.1 | 14.0 | Top tier | |
| Revenue / Employee | ≈$16.2M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield4.3%
Payout Ratio621.0%
Annualized Payout≈$1.08
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 10, 2026 | $0.27 | USD | ≈9.2% |
| Jun 10, 2026 | $0.22 | USD | ≈8.9% |
| Mar 10, 2026 | $0.17 | USD | ≈4.5% |
| Jun 12, 2025 | $0.07 | USD | ≈15.1% |
| Mar 10, 2025 | $0.06 | USD | ≈14.0% |
| Dec 17, 2024 | $0.04 | USD | ≈18.2% |
| Sep 26, 2024 | $0.12 | USD | ≈11.6% |
| Jun 28, 2024 | $0.12 | USD | ≈10.8% |
| Mar 19, 2024 | $0.12 | USD | ≈11.9% |
| Dec 19, 2023 | $0.06 | USD | ≈11.4% |
| Sep 13, 2023 | $0.13 | USD | ≈13.8% |
| Jun 14, 2023 | $0.15 | USD | ≈10.2% |
| Mar 13, 2023 | $0.15 | USD | ≈6.3% |
| Dec 5, 2022 | $0.05 | USD | ≈3.0% |
| Sep 14, 2022 | $0.03 | USD | ≈2.4% |
| Jun 13, 2022 | $0.02 | USD | ≈3.1% |
| Mar 10, 2022 | $0.01 | USD | ≈3.7% |
| Dec 7, 2021 | $0.01 | USD | ≈3.5% |
| Dec 6, 2021 | $0.01 | USD | ≈3.3% |
| Sep 23, 2021 | $0.01 | USD | ≈4.0% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-66.5%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 27, 2026 | $0.32 | $0.19 | 66.8% |
| March 31, 2026 | Jun 1, 2026 | $0.15 | $0.15 | -0.99% |
| Dec. 31, 2025 | $0.06 | $0.14 | -56.0% | |
| Sept. 30, 2025 | $-0.01 | $0.02 | -165.8% | |
| June 30, 2025 | $-0.04 | $0.05 | -176.6% | |
| March 31, 2025 | $-0.02 | $-0.01 | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $292M | $350M | $392M | $339M | $191M | $355M | $317M | $289M | $297M | $357M | |
| Cost of Revenue | $110M | $125M | $130M | $171M | $128M | $121M | $142M | $165M | $142M | $126M | |
| SG&A Expense | $28M | $29M | $23M | $19M | $16M | $18M | $13M | $13M | $13M | $12M | |
| Operating Income | $46M | $77M | $128M | $42M | $-144M | $81M | $32M | $-39M | $-176M | $53M | |
| Interest Expense | · | · | $30M | $27M | $26M | $31M | $38M | $35M | $20M | $11M | |
| Interest Income | $2M | $731.0K | $1M | $266.0K | $3.0K | $96.0K | $298.0K | $334.0K | $347.0K | $215.0K | |
| Other Non-op | $118.0K | $-670.0K | $137.0K | $46.0K | $-429.0K | $255.0K | $-4M | $-15M | $-644.0K | $-98.0K | |
| Pretax Income | $12M | $47M | $99M | $15M | $-171M | $50M | $-10M | $-88M | $-196M | $42M | |
| Income Tax | $48.0K | $-10.0K | $120.0K | $23.0K | $59.0K | $64.0K | $71.0K | $79.0K | $83.0K | $102.0K | |
| Net Income | $12M | $47M | $99M | $15M | $-171M | $50M | $-10M | $-95M | $-205M | $-4M | |
| EPS (Basic) | $0.06 | $0.22 | $0.47 | $0.07 | $-1.05 | $0.34 | $-0.07 | $-0.67 | $-1.97 | $-0.05 | |
| EPS (Diluted) | $0.06 | $0.22 | $0.47 | $0.07 | $-1.05 | $0.34 | $-0.07 | $-0.67 | $-1.97 | $-0.05 | |
| Shares (Basic) | 211,750,663 | 209,227,286 | 208,796,444 | 202,032,942 | 162,549,611 | 149,292,586 | 142,571,361 | 141,969,666 | 103,832,680 | 92,531,001 | |
| Shares (Diluted) | 211,750,663 | 209,898,006 | 208,811,300 | 202,032,942 | 162,549,611 | 149,292,586 | 142,571,361 | 141,969,666 | 103,832,680 | 92,531,001 | |
| EBITDA | $46M | $77M | $128M | $42M | $-144M | $81M | $32M | $-39M | $-176M | $53M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $46M | $39M | $31M | $60M | $35M | $58M | $49M | $49M | $58M | $82M | |
| Receivables | $19M | $16M | $26M | $20M | $9M | · | · | · | · | · | |
| Inventory | · | · | · | · | · | · | · | · | $23M | $21M | |
| Prepaid Expense | $8M | $6M | $4M | $6M | $5M | $5M | $3M | $4M | $3M | $4M | |
| Other Current Assets | $4M | $3M | $3M | $3M | $2M | $2M | $3M | $2M | $4M | $2M | |
| Current Assets | $151M | $99M | $109M | $143M | $107M | $100M | $129M | $113M | $127M | $164M | |
| PP&E (Net) | · | $749.0K | $969.0K | $730.0K | $756.0K | $242.0K | $65.0K | $128.0K | $169.0K | $338.0K | |
| Accum. Depreciation | $491M | $506M | $449M | $398M | $558M | $537M | $470M | $406M | $843M | $741M | |
| Goodwill | · | · | · | · | · | · | · | · | $0 | $19M | |
| Other Non-current Assets | $2M | $3M | $1M | $878.0K | $3M | $1M | $122.0K | $211.0K | $16M | $10M | |
| Total Assets | $902M | $818M | $879M | $880M | $851M | $974M | $1.03B | $1.07B | $1.14B | $1.35B | |
| Accounts Payable | $3M | $4M | $3M | $7M | $7M | $4M | $8M | $4M | $3M | $4M | |
| Accrued Liabilities | $628.0K | $599.0K | $644.0K | · | · | · | $16M | $9M | $11M | $8M | |
| Current Liabilities | $67M | $60M | $70M | $72M | $68M | $40M | $59M | $36M | $25M | $22M | |
| Capital Leases | · | · | $0 | $535.0K | $1M | $730.0K | $934.0K | $0 | · | · | |
| Other Non-current Liabilities | $483.0K | $845.0K | $717.0K | $615.0K | $724.0K | · | · | · | · | · | |
| Long-term Debt | $424M | $270M | $302M | $306M | $321M | $357M | $399M | $437M | $389M | · | |
| Total Debt | $424M | $270M | $302M | $306M | $321M | $357M | $399M | $437M | $389M | $443M | |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $1M | $1M | $1M | |
| Retained Earnings | $1M | $-11M | $-58M | $-156M | $-171M | $0 | $-10M | $-309M | $-209M | $-4M | |
| AOCI | $-1M | $-2M | $-2M | $-2M | $-2M | $-1M | $-1M | $-1M | $-1M | $-1M | |
| Stockholders' Equity | $446M | $509M | $538M | $540M | $498M | $599M | $595M | $602M | $711M | $871M | |
| Liabilities + Equity | $902M | $818M | $879M | $880M | $851M | $974M | $1.03B | $1.07B | $1.14B | $1.35B | |
| Shares Outstanding | 211,750,663 | 211,750,663 | 208,796,444 | 208,796,444 | 183,694,196 | 151,446,112 | 147,230,634 | 141,969,666 | 141,969,666 | 101,969,666 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $0 | $2M | $2M | $476.0K | $339.0K | $285.0K | $156.0K | $413.0K | $522.0K | $430.0K | |
| Operating Cash Flow | $20M | $128M | $139M | $24M | $-44M | $111M | $53M | $-16M | $32M | $128M | |
| Investing Cash Flow | $-88M | $-3M | $-74M | $-14M | $-3M | $-17M | $-2M | $85M | $-47M | $-187M | |
| Stock Issued | $0 | $9M | $0 | $49M | $80M | $21M | $18M | $0 | $104M | $120M | |
| Net Stock Activity | $0 | $9M | $0 | $49M | $80M | $21M | $18M | $0 | $104M | $120M | |
| Dividends Paid | $76M | $75M | $90M | $23M | $10M | $67M | $14M | $10M | $59M | $126M | |
| Financing Cash Flow | $69M | $-115M | $-96M | $9M | $31M | $-93M | $-38M | $-78M | $-19M | $111M | |
| Net Change in Cash | · | · | · | $19M | $-17M | $393.0K | $12M | $-9M | $-34M | $52M | |
| Taxes Paid | $33.0K | $10.0K | $23.0K | $59.0K | $64.0K | $71.0K | $79.0K | $83.0K | $102.0K | $96.0K |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 15.9% | 22.1% | 32.6% | 12.3% | -75.6% | 22.9% | 10.1% | -13.4% | · | · | |
| Net Margin | 4.2% | 13.3% | 25.2% | 4.5% | -89.7% | 14.1% | -3.3% | -33.0% | · | · | |
| Pretax Margin | 4.2% | 13.3% | 25.2% | 4.5% | -89.6% | 14.1% | -3.2% | -30.3% | · | · | |
| EBITDA Margin | 15.9% | 22.1% | 32.6% | 12.3% | -75.6% | 22.9% | 10.1% | -13.4% | · | · | |
| ROA | 1.4% | 5.5% | 11.2% | 1.7% | -18.8% | 5.0% | -0.98% | -8.6% | -16.5% | -0.34% | |
| ROE | 2.6% | 8.9% | 18.3% | 2.9% | -31.2% | 8.4% | -1.7% | -14.5% | -25.9% | -0.51% | |
| ROIC | 5.3% | 9.9% | 15.2% | 4.9% | -17.6% | 8.5% | 3.2% | -3.7% | -16.0% | 4.0% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.2 | 1.7 | 1.5 | 2.0 | 1.6 | 2.5 | 2.2 | 3.1 | 5.0 | 7.6 | |
| Quick Ratio | 1.0 | 0.9 | 0.8 | 1.1 | 0.5 | 1.5 | 0.8 | 1.4 | 2.3 | 3.8 | |
| Debt / Equity | 1.0 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 | 0.5 | 0.5 | |
| LT Debt / Equity | 0.9 | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | 0.7 | 0.5 | 0.5 | |
| Interest Coverage | · | · | 4.2 | 1.5 | -5.5 | 2.6 | 0.8 | -1.1 | -8.6 | 4.8 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.4 | 0.4 | 0.4 | 0.2 | 0.4 | 0.3 | 0.3 | · | · | |
| Inventory Turnover | · | · | · | · | · | · | · | · | 6.5 | 7.1 | |
| Receivables Turnover | 16.5 | 16.4 | 16.8 | 22.7 | · | · | · | · | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $2.10 | $2.40 | $2.58 | $2.59 | $2.71 | $3.96 | $4.04 | $4.24 | $5.01 | $8.54 | |
| Revenue / Share | $1.38 | $1.67 | $1.88 | $1.68 | $1.18 | $2.38 | $2.23 | $2.04 | · | · | |
| Cash Flow / Share | $0.09 | $0.61 | $0.67 | $0.12 | $-0.27 | $0.74 | $0.37 | $-0.11 | $0.31 | $1.38 | |
| Cash / Share | $0.22 | $0.18 | $0.15 | $0.29 | $0.19 | $0.38 | $0.33 | $0.35 | $0.41 | $0.81 | |
| Dividend / Share | $0.36 | $0.40 | · | · | · | · | · | · | · | · | |
| Dividend Paid / Share | · | · | · | · | · | · | $0.10 | $0.07 | $0.53 | $1.37 | |
| EPS (TTM) | $0.06 | $0.22 | $0.47 | $0.07 | $-1.05 | $0.34 | $-0.07 | $-0.67 | $-1.97 | $-0.05 |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $292M | $350M | $392M | $339M | $191M | $355M | $317M | $289M | $297M | $357M | |
| Net Income TTM | $12M | $47M | $99M | $15M | $-171M | $50M | $-10M | $-95M | $-205M | $-4M | |
| Market Cap | $728M | $529M | $877M | $639M | $310M | $447M | $724M | $284M | $349M | $850M | |
| Enterprise Value | $1.11B | $760M | $1.15B | $885M | $597M | $746M | $1.07B | $671M | $680M | $1.21B | |
| P/E | 57.3 | 11.4 | 8.9 | 43.7 | -1.6 | 8.7 | -70.3 | -3.0 | -1.2 | -166.7 | |
| P/S | 2.5 | 1.5 | 2.2 | 1.9 | 1.6 | 1.3 | 2.3 | 1.0 | 1.2 | 2.4 | |
| P/B | 1.6 | 1.0 | 1.6 | 1.2 | 0.6 | 0.7 | 1.2 | 0.5 | 0.5 | 1.0 | |
| P / Tangible Book | 1.6 | 1.0 | 1.6 | 1.2 | 0.6 | 0.7 | · | · | · | · | |
| P / Cash Flow | 36.7 | 4.1 | 6.3 | 26.5 | -7.0 | 4.0 | 13.7 | -17.6 | 11.0 | 6.6 | |
| EV / EBITDA | 23.9 | 9.8 | 9.0 | 21.1 | -4.1 | 9.2 | 33.6 | -17.4 | -3.9 | 22.7 | |
| EV / Revenue | 3.8 | 2.2 | 2.9 | 2.6 | 3.1 | 2.1 | 3.4 | 2.3 | 2.3 | 3.4 | |
| Dividend Yield | 10.5% | 14.2% | 10.2% | 3.5% | 3.1% | 15.0% | 2.0% | 3.5% | 16.9% | 14.8% | |
| Earnings Yield | 1.7% | 8.8% | 11.2% | 2.3% | -62.1% | 11.5% | -1.4% | -33.5% | -80.1% | -0.60% | |
| Payout Ratio | 621.0% | 161.0% | 91.0% | · | -5.7% | 134.3% | -138.1% | -10.4% | -28.8% | -2820.9% | |
| Annual Payout | $76M | $75M | $90M | $23M | $10M | $67M | $14M | $10M | $59M | $126M |
Per Share
| Metric | Trend | Q4 2018 | Q4 2014 | Q4 2013 | Q4 2010 | Q4 2009 | Q4 2008 | Q4 2006 | Q4 2005 | Q4 2004 | Q4 2003 | Q4 2002 | Q4 2001 | Q4 2000 | Q4 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EPS (TTM) | $-0.67 | $-0.15 | $-1.64 | $-0.02 | $0.03 | $3.62 | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | Q4 2018 | Q4 2014 | Q4 2013 | Q4 2010 | Q4 2009 | Q4 2008 | Q4 2006 | Q4 2005 | Q4 2004 | Q4 2003 | Q4 2002 | Q4 2001 | Q4 2000 | Q4 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $289M | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income TTM | $-95M | $-13M | $-105M | $-809.0K | $1M | $119M | · | · | · | · | · | · | · | · | |
| P/E | -3.0 | -66.6 | -5.8 | -1272.9 | 978.4 | 9.1 | · | · | · | · | · | · | · | · | |
| Earnings Yield | -33.5% | -1.5% | -17.3% | -0.08% | 0.10% | 11.0% | · | · | · | · | · | · | · | · | |
| Annual Payout | $10M | $54M | $42M | $80M | $95M | $166M | · | · | · | · | · | · | · | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $292M | $350M | $392M | $339M | $191M |
| Operating Margin % | 15.9% | 22.1% | 32.6% | 12.3% | -75.6% |
| Net Income | $12M | $47M | $99M | $15M | $-171M |
| Diluted EPS | $0.06 | $0.22 | $0.47 | $0.07 | $-1.05 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 1.0 | 0.5 | 0.6 | 0.6 | 0.6 |
| Current Ratio | 2.2 | 1.7 | 1.5 | 2.0 | 1.6 |
| Quick Ratio | 1.0 | 0.9 | 0.8 | 1.1 | 0.5 |
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 299 filers · $667.0M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
299
Value held
$667.0M
New positions
60
Exited positions
21
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 60 (+5 vs prior Q) | 21 (-2 vs prior Q) | 112 (+17 vs prior Q) | 75 (+10 vs prior Q) | +22.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $70,715,041 | 12,764,448 | 10.60% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $67,296,296 | 12,146,392 | 10.09% | Shares |
| AMERIPRISE FINANCIAL INC | $54,740,883 | 9,881,026 | 8.21% | Shares |
| MORGAN STANLEY | $52,478,990 | 9,472,741 | 7.87% | Shares |
| GOLDMAN SACHS GROUP INC | $50,061,564 | 9,036,384 | 7.51% | Shares |
| CastleKnight Management LP | $39,734,869 | 7,172,359 | 5.96% | Shares |
| Nuveen, LLC | $31,161,282 | 5,624,780 | 4.67% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $26,488,363 | 4,781,293 | 3.97% | Shares |
| STATE STREET CORP | $25,285,590 | 4,564,186 | 3.79% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $15,784,866 | 2,849,254 | 2.37% | Shares |
| TWO SIGMA INVESTMENTS, LP | $12,486,933 | 2,253,959 | 1.87% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $10,286,334 | 1,856,739 | 1.54% | Shares |
| TUDOR INVESTMENT CORP ET AL | $10,164,471 | 1,834,742 | 1.52% | Shares |
| AMERICAN CENTURY COMPANIES INC | $9,366,905 | 1,690,777 | 1.40% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $8,884,304 | 1,603,665 | 1.33% | Shares |
| UBS Group AG | $8,667,901 | 1,564,603 | 1.30% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $7,443,860 | 1,343,657 | 1.12% | Shares |
| NORTHERN TRUST CORP | $7,378,322 | 1,331,827 | 1.11% | Shares |
| Philip James Wealth Mangement, LLC | $7,172,101 | 1,294,603 | 1.08% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $6,302,232 | 1,137,587 | 0.94% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $5,970,458 | 1,077,700 | 0.90% | Call option |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $5,875,713 | 1,060,598 | 0.88% | Shares |
| Empowered Funds, LLC | $5,514,322 | 995,365 | 0.83% | Shares |
| MILLENNIUM MANAGEMENT LLC | $5,261,842 | 949,791 | 0.79% | Shares |
| VANGUARD GROUP INC | $4,971,107 | 1,445,089 | 0.75% | Shares |
| Point72 Asset Management, L.P. | $4,816,903 | 869,477 | 0.72% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $4,647,313 | 838,865 | 0.70% | Shares |
| MARSHALL WACE, LLP | $4,299,195 | 776,028 | 0.64% | Shares |
| Simcoe Capital LLC | $4,133,688 | 746,153 | 0.62% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $3,541,007 | 639,171 | 0.53% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $3,368,287 | 607,994 | 0.50% | Shares |
| CITADEL ADVISORS LLC | $3,120,533 | 563,273 | 0.47% | Shares |
| Bank of New York Mellon Corp | $3,108,031 | 561,016 | 0.47% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $2,700,900 | 487,528 | 0.40% | Shares |
| XTX Topco Ltd | $2,543,076 | 459,039 | 0.38% | Shares |
| CastleKnight Management LP | $2,493,000 | 450,000 | 0.37% | Call option |
| ExodusPoint Capital Management, LP | $2,372,090 | 428,175 | 0.36% | Shares |
| SILVER OAK SECURITIES, INCORPORATED | $2,329,068 | 420,409 | 0.35% | Shares |
| WealthTrust Axiom LLC | $2,317,202 | 418,268 | 0.35% | Shares |
| Trexquant Investment LP | $2,301,997 | 415,523 | 0.35% | Shares |
| Mariner, LLC | $2,204,354 | 397,905 | 0.33% | Shares |
| Balyasny Asset Management L.P. | $2,055,218 | 370,978 | 0.31% | Shares |
| RHUMBLINE ADVISERS | $2,010,210 | 362,856 | 0.30% | Shares |
| BANK OF AMERICA CORP /DE/ | $1,890,103 | 341,174 | 0.28% | Shares |
| JPMORGAN CHASE & CO | $1,769,860 | 306,204 | 0.27% | Shares |
| CITADEL ADVISORS LLC | $1,710,752 | 308,800 | 0.26% | Call option |
| Quantbot Technologies LP | $1,691,966 | 305,409 | 0.25% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $1,493,822 | 269,643 | 0.22% | Shares |
| JANE STREET GROUP, LLC | $1,445,386 | 260,900 | 0.22% | Call option |
| SEI INVESTMENTS CO | $1,426,862 | 257,556 | 0.21% | Shares |
Activists & 5%+ owners 4 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| High Seas AS, Herbjørn Hansson | Dec. 21, 2018 | · | Initial filing | Passive investment | SEC |
| Nordic American Tankers Limited ×5 filings | Dec. 21, 2018 | · | Initial filing | · | SEC |
| (Not Applicable) Burma Shipping & Investment AS, Herbjørn Hansson | Jan. 18, 2013 | · | Initial filing | · | SEC |
| Ugland Nordic Shipping ASA ×6 filings | Feb. 10, 2004 | · | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 2 insiders · 1 officers · 2 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Herbjorn Hansson | Chief Executive Officer | June 3, 2026 A | 5,600,000 | 0 | 0 | $0 |
| Alexander Hansson | Director | June 25, 2026 A | 6,000,000 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 21 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| SDIV · Global X Funds | 1.44% | 2,680,495 NS | July 31, 2026 | N-PORT |
| IWC · iShares Trust | 0.35% | 699,502 SH | Sept. 11, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | 0.13% | 472,441 SH | Aug. 19, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.07% | 179,763 SH | Aug. 19, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.07% | 839,221 NS | July 31, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.06% | 1,413,357 NS | July 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.05% | 5,300,863 SH | Sept. 11, 2026 | Daily |
| PDN · Invesco Exchange-Traded Fund Trust … | 0.05% | 21,654 SH | Oct. 1, 2026 | Daily |
| RSSL · Global X Funds | 0.04% | 98,448 NS | July 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.03% | 1,187,165 SH | Aug. 19, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.03% | 702,365 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.01% | 9,870 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 582,932 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 21,733 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 63,590 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 65,038 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 53,002 SH | Sept. 8, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.00% | 18,065 NS | July 31, 2026 | N-PORT |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 17,370 SH | Aug. 19, 2026 | Daily |
| IWN · iShares Trust | · | 1,922,890 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 137,442 SH | Sept. 11, 2026 | Daily |
NAT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 8 analysts
BUY
Median target
$6.50
-22.8%
1 12.5%
Strong Buy
4 50.0%
Buy
2 25.0%
Hold
1 12.5%
Sell
0 0.0%
Strong Sell
12-Month Price Target
2 analysts · 2026-09-28Mean target $6.50 -22.8%
Above all targets →
Current price $8.42
Low$5.00
Mean$6.50
High$8.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| NAT | $728M | 57.3 | · | 4.2% | 2.6% | · |
| GLNG | $3.77B | · | · | 16.7% | 3.4% | · |
| DHT | · | 9.3 | · | 42.4% | 19.4% | · |
| TNK | · | 5.3 | · | 36.9% | 18.5% | · |
| SFL | $1.13B | -39.0 | · | -3.6% | -2.5% | · |
| FLNG | $1.35B | 18.1 | · | 21.5% | 9.8% | · |
| TNK | · | 5.3 | · | 36.9% | 18.5% | · |
| TK | $777M | 8.0 | · | 10.3% | 4.8% | · |
| ASC | $431M | 12.0 | · | 13.2% | 6.6% | · |
| TK | $777M | 8.0 | · | 10.3% | 4.8% | · |
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Source: SEC 20-F filed Apr 29, 2026