LMR Partners LLP Acquires New Position in Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NAO)

LMR Partners LLP Acquires New Position in Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NAO)

A number of other institutional investors have also recently made changes to their positions in the company. Shah Capital Management purchased a new position in shares of Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) during the first quarter worth $871,000. Monashee Investment Management LLC purchased a new position in shares of Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) during the third quarter worth $151,000. Finally, DnB Asset Management AS purchased a new position in shares of Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) during the first quarter worth $8,800,000. Institutional investors own 11.40% of the company’s stock.

LMR Partners LLP acquired a new position in Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NYSE:NAO) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 259,126 shares of the shipping company’s stock, valued at approximately $285,000.

Shares of Nordic Amern Offshore Ltd Ordinary Shares (NYSE NAO) remained flat at $1.05 during trading on Wednesday. The company had a trading volume of 423,352 shares. The stock’s market capitalization is $23.68 million. The firm’s 50-day moving average price is $1.01 and its 200-day moving average price is $1.97. Nordic Amern Offshore Ltd Ordinary Shares has a 12 month low of $0.80 and a 12 month high of $5.61.

Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NYSE:NAO) last posted its quarterly earnings results on Tuesday, March 7th. The shipping company reported ($0.48) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.40) by $0.08. The company had revenue of $2.37 million during the quarter, compared to analysts’ expectations of $3.80 million. Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) had a negative return on equity of 10.26% and a negative net margin of 130.10%. During the same period in the prior year, the business posted ($0.19) EPS. Equities analysts expect that Nordic Amern Offshore Ltd Ordinary Shares will post ($0.58) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Wednesday, May 17th will be issued a $0.02 dividend. The ex-dividend date is Monday, May 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 7.62%. Nordic Amern Offshore Ltd Ordinary Shares (Bermuda)’s dividend payout ratio is currently -9.45%.

Separately, Zacks Investment Research upgraded shares of Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) from a “sell” rating to a “hold” rating in a report on Wednesday, February 15th.

About Nordic Amern Offshore Ltd Ordinary Shares (Bermuda)

Nordic American Offshore Limited (NAO) operates platform supply vessels (PSV). The Company owns approximately eight vessels. The Company operates in the offshore support vessel market segment. The Company has approximately two vessels under construction. The Company’s vessels operate in the North Sea in both the term and spot market.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NAO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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