Nordic American Tankers Ltd: Insider Confidence and Dividend Increase

On Monday, June 2, 2025, Nordic American Tankers Ltd (NYSE: NAT), a company specializing in owning and chartering tankers for oil transportation, witnessed significant insider buying activity. Founder, Chairman, and CEO Herbjorn Hansson purchased 100,000 shares at $2.70 per share. This transaction increased the Hansson family’s stake to 9.4 million shares, solidifying their position as the largest private shareholder group in the company. This move is seen as a strong vote of confidence in the company’s future prospects.

The insider purchase was reported by multiple financial news sources, including FinanzNachrichten, GlobeNewswire, CEO.ca, StockTitan, and Finanzen.net. The consistent reporting across these platforms underscores the significance of the transaction. The Hansson family’s increased ownership aligns with their long-term commitment to the company’s success, as indicated by the purchase price reflecting management’s belief in the stock’s value.

In addition to the CEO’s purchase, earlier in May, Non-Executive Vice Chairman Alexander Hansson also bought 100,000 shares at $2.60 per share, bringing his total holdings to 4.65 million shares. This transaction, reported on May 30, 2025, by GlobeNewswire, CEO.ca, Finanzen.net, FinanzNachrichten, and StockTitan, further increased the Hansson family’s collective ownership to 9.3 million shares before Herbjorn Hansson’s recent purchase.

Moreover, Nordic American Tankers Ltd announced a 16.7% increase in its dividend to $0.07 per share on June 2, 2025. This decision, reported by Seeking Alpha, reflects the company’s strong financial position and commitment to returning value to shareholders.

As of the close of trading on May 29, 2025, Nordic American Tankers Ltd’s stock was priced at $2.65, with a 52-week high of $4.23 and a low of $2.13. The company, listed on the New York Stock Exchange, has a market capitalization of approximately $550.55 million and a price-to-earnings ratio of 11.65.

These developments highlight the Hansson family’s strategic investments and the company’s robust financial health, positioning Nordic American Tankers Ltd favorably in the energy sector.