Herbjorn Hansson purchased 100,000 shares, increasing family holdings to 10 million, making them the largest shareholder group.
Quiver AI Summary
On June 26, 2025, Herbjorn Hansson, Founder, Chairman, and CEO of Nordic American Tankers Ltd, announced that he has purchased 100,000 shares at a price of $2.74 each, increasing his total holdings to 4,950,000 shares. This transaction brought the Hansson family's total holdings to 10 million shares, making them the largest private shareholder group in the company.
Potential Positives
- Herbjorn Hansson's purchase of 100,000 shares indicates strong personal confidence in the company's future performance.
- The Hansson family's position as the largest private shareholder group, holding 10 million shares, demonstrates significant insider investment and belief in the company's potential.
Potential Negatives
- The announcement of the CEO purchasing shares may suggest a lack of confidence in the company's stock price, as he may feel that buying shares is a more stable investment compared to other options.
- The concentration of ownership with the Hansson family holding a significant percentage of shares could raise concerns among investors about potential conflicts of interest and governance issues.
- There is no mention of any plans for future company growth or initiatives, potentially indicating a stagnant business outlook.
FAQ
What recent shares purchase was made by Herbjorn Hansson?
Herbjorn Hansson purchased 100,000 shares at $2.74 each, increasing his total to 4,950,000 shares.
How many shares does the Hansson family now own?
The Hansson family now owns a total of 10 million shares, making them the largest private shareholder group.
Who can I contact for more information about this press release?
You can contact Bjørn Giæver, CFO, or Alexander Kihle, Finance Manager, for further details.
What position does Herbjorn Hansson hold at Nordic American Tankers Ltd?
Herbjorn Hansson is the Founder, Chairman, and CEO of Nordic American Tankers Ltd.
When was this press release issued?
This press release was issued on Thursday, June 26, 2025.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NAT Hedge Fund Activity
We have seen 101 institutional investors add shares of $NAT stock to their portfolio, and 112 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC removed 3,283,065 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $8,207,662
- CITADEL ADVISORS LLC removed 1,763,778 shares (-58.8%) from their portfolio in Q1 2025, for an estimated $4,338,893
- MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. added 1,648,496 shares (+61.5%) to their portfolio in Q1 2025, for an estimated $4,055,300
- CENTERBOOK PARTNERS LP added 1,467,916 shares (+88.0%) to their portfolio in Q1 2025, for an estimated $3,611,073
- GOLDMAN SACHS GROUP INC removed 1,297,379 shares (-32.0%) from their portfolio in Q1 2025, for an estimated $3,191,552
- NUVEEN ASSET MANAGEMENT, LLC removed 1,291,537 shares (-71.1%) from their portfolio in Q4 2024, for an estimated $3,228,842
- AMERICAN CENTURY COMPANIES INC removed 1,059,909 shares (-22.5%) from their portfolio in Q1 2025, for an estimated $2,607,376
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Thursday, June 26, 2025
Dear Shareholders and Investors,
Founder, Chairman & CEO, Herbjorn Hansson, has today bought 100,000 shares at $2.74 per share. He is now holding 4,950,000 shares.
Following this transaction, the Hansson family has reached 10 million shares, and is 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
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
