CEO Herbjorn Hansson purchased 150,000 shares, increasing family ownership to 10.25 million in Nordic American Tankers.
Quiver AI Summary
On September 30, 2025, Herbjorn Hansson, Founder, Chairman, and CEO of Nordic American Tankers Ltd, announced the purchase of 150,000 shares at $3.11 each, increasing his ownership to 5,100,000 shares. Following this transaction, his family holds a total of 10,250,000 shares, making them the largest private shareholder group in the company. NAT has consistently paid dividends for 113 consecutive quarters since its stock listing in 1995, and the company's prospects are optimistic, indicating growth potential. The press release also includes a cautionary statement regarding forward-looking statements, detailing various risks and uncertainties that could impact actual outcomes compared to expectations. For further information, they invite shareholders to visit their website or contact the company's finance personnel.
Potential Positives
- Founder, Chairman & CEO Herbjorn Hansson purchasing 150,000 shares signifies strong personal investment and confidence in the company’s future.
- The company has maintained a consistent dividend payment for 113 consecutive quarters, showcasing financial stability and reliability for shareholders.
- The statement that the company’s prospects are good and the path is upwards indicates positive growth expectations, which may attract new investors.
- The family’s ownership of 10,250,000 shares positions them as the largest private shareholder group, indicating strong internal support and commitment to the company.
Potential Negatives
- The press release heavily relies on forward-looking statements, which may create skepticism among investors about the company's true prospects and stability, as they are based on uncertain assumptions.
- The statement includes cautionary language indicating that actual results could differ materially from expectations, which may raise concerns about the company's ability to meet projected goals.
- The CEO's share purchase comes at a low share price of $3.11, potentially signaling that the stock may not be performing well compared to past valuations.
FAQ
What recent share acquisition was made by the CEO of Nordic American Tankers?
The CEO purchased 150,000 shares at $3.11 per share, increasing his total ownership to 5,100,000 shares.
How long has Nordic American Tankers paid dividends?
Nordic American Tankers has paid dividends for 113 consecutive quarters since being listed in 1995.
What is the current position of Herbjorn Hansson in the company?
Herbjorn Hansson is the Founder, Chairman, and CEO of Nordic American Tankers.
Can you provide the website for more information about Nordic American Tankers?
For more information, visit www.nat.bm.
What cautionary statement is included in the press release?
The press release includes caution regarding forward-looking statements and identifies inherent uncertainties in projections made by the company.
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 110 institutional investors add shares of $NAT stock to their portfolio, and 77 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CENTERBOOK PARTNERS LP removed 2,479,350 shares (-79.1%) from their portfolio in Q2 2025, for an estimated $6,520,690
- GOLDMAN SACHS GROUP INC added 1,666,425 shares (+60.3%) to their portfolio in Q2 2025, for an estimated $4,382,697
- CASTLEKNIGHT MANAGEMENT LP added 1,414,900 shares (+inf%) to their portfolio in Q2 2025, for an estimated $3,721,187
- CITADEL ADVISORS LLC removed 1,238,092 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $3,256,181
- TWO SIGMA INVESTMENTS, LP removed 1,146,657 shares (-48.8%) from their portfolio in Q2 2025, for an estimated $3,015,707
- TUDOR INVESTMENT CORP ET AL added 839,986 shares (+inf%) to their portfolio in Q2 2025, for an estimated $2,209,163
- AQR CAPITAL MANAGEMENT LLC added 727,321 shares (+561.4%) to their portfolio in Q2 2025, for an estimated $1,912,854
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Tuesday, September 30, 2025
Dear Shareholders and Investors,
Being the Founder, Chairman & CEO, I have today bought 150,000 shares at $3.11 per share. I now own 5,100,000 shares.
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