Nordic American Tankers (NAT) Stock News

Nordic American Tankers (NYSE: NAT) has announced the appointment of Mr. Thomas Boye as a new executive, expected to join the company in October 2025. Boye brings 20 years of experience from ABG Sundal Collier investment banking, including 10 years in London and 10 years in Oslo.

The company plans to enhance its investor relations efforts through a series of worldwide road shows to showcase NAT's business story to the investment community. This strategic move aims to raise the company's profile in global markets.

Nordic American Tankers (NYSE:NAT) announced a $0.10 per share dividend for Q2 2025, marking its 112th consecutive quarterly dividend, payable September 29, 2025. The company reported a TCE of $26,880 per day per ship and an adjusted EBITDA of $15.8 million, though recording a net loss of $0.9 million for the quarter.

Fleet updates include the addition of two 2016-built vessels ("Nordic Galaxy" and "Nordic Moon") and the sale of the 2004-built "Nordic Castor". NAT's fleet now consists of 20 Suezmax tankers. The company maintains a strong cash position of $86 million as of August 28, 2025, and continues to focus on vessel quality and dividend payments as priorities.

Nordic American Tankers (NYSE: NAT) announced that Founder, Chairman & CEO Herbjorn Hansson has purchased 100,000 shares at $2.74 per share, increasing his personal holdings to 4,950,000 shares. Following this transaction, the Hansson family's total ownership has reached 10 million shares, establishing them as the company's largest private shareholder group.

Nordic American Tankers (NYSE: NAT) announced that Non-Executive Vice Chairman and Board member Alexander Hansson has increased his shareholding by purchasing 300,000 shares at $2.72 per share. Following this transaction, Alexander Hansson now holds 5,050,000 shares in the company.

The Hansson family, which includes Founder, Chairman & CEO Herbjorn Hansson, has strengthened its position as the largest private shareholder group in NAT with a total ownership of 9,900,000 shares.

Nordic American Tankers (NYSE: NAT) has announced the availability of its 2024 Annual Report Form 20-F, which was filed with the SEC on April 29, 2025. The report can be accessed through both the SEC website (www.sec.gov) and NAT's corporate website (www.nat.bm). Shareholders can request a free hard copy of the complete 2024 Form 20-F. The company also mentioned that the date for their Annual General Meeting will be determined at a later time. The announcement was made by Herbjorn Hansson, the company's Founder, Chairman & CEO.

Nordic American Tankers (NYSE: NAT) announced insider share purchases by key executives. Founder, Chairman & CEO Herbjorn Hansson purchased 100,000 shares at $2.78 per share, while his son, Vice Chairman Alexander Hansson, acquired 100,000 shares at $2.76 per share. Following these transactions, Herbjorn Hansson now holds 4,850,000 shares and Alexander Hansson owns 4,750,000 shares. The Hansson family has become the largest private shareholder group in NAT with a combined ownership of 9,600,000 shares.

Nordic American Tankers (NYSE: NAT) announced that Founder, Chairman & CEO Herbjorn Hansson has purchased 100,000 shares at $2.70 per share on June 2, 2025. Following this insider transaction, the Hansson family has increased their position to 9,400,000 shares, solidifying their status as the largest private shareholder group in the company. This significant insider buying demonstrates management's confidence in the company's future prospects and alignment with shareholder interests.

Nordic American Tankers (NYSE: NAT) announced that Non-Executive Vice Chairman Alexander Hansson purchased 100,000 shares at $2.60 per share on May 30, 2025. Following this transaction, Alexander Hansson now holds 4,650,000 shares. The Hansson family has strengthened its position as the largest private shareholder group in NAT with a total ownership of 9,300,000 shares. This insider purchase demonstrates continued confidence in the company's prospects from key leadership.

Nordic American Tankers (NYSE: NAT) announced its Q1 2025 results, declaring a $0.07 dividend per share - their 111th consecutive quarterly dividend, payable June 26, 2025. The company reported a net result of $4.2 million with fleet TCE at $24,714 per day against operating costs of $9,000 per unit. In fleet modernization efforts, NAT acquired two 2016-built vessels for $132 million while selling two 2003-4 built vessels for $45 million. The company maintained a strong cash position of $103 million as of March 31, 2025. Management noted positive market dynamics from increased pressure on sanctioned oil trades and higher OPEC volumes, while highlighting their continued focus on emission reduction through careful voyage planning.