Alexander Hansson purchased 300,000 shares of NAT, increasing his family's holdings to 8.55 million shares.
Quiver AI Summary
On January 6, 2025, Alexander Hansson, the Non-Executive Vice Chairman of Nordic American Tankers Ltd (NAT), announced he purchased 300,000 shares at a price of $2.54 each, bringing his total ownership to 4,000,000 shares. The Hansson family now collectively holds 8,550,000 shares, making them the largest private shareholder group in the company. The press release includes a cautionary statement regarding forward-looking statements, emphasizing that any predictions made are subject to uncertainties and various external factors that could affect the company's performance and operations. For further inquiries, contact details for the company's CFO and Finance Manager are provided.
Potential Positives
- Non-Executive Vice Chairman Alexander Hansson's purchase of 300,000 shares demonstrates significant insider confidence in the company's future performance.
- The Hansson family's total ownership of 8,550,000 shares positions them as the largest private shareholder group, indicating strong alignment with shareholder interests.
- This transaction potentially enhances investor sentiment and may positively influence market perception of the company's stability and growth prospects.
Potential Negatives
- Existence of cautionary statements regarding forward-looking statements may indicate uncertainty in the company's future performance, which could lead to shareholder apprehension.
- The significant purchase of shares by a high-ranking executive could raise concerns about the necessity for the purchase, possibly indicating lack of trust in existing management or market conditions.
- Heavy reliance on several assumptions for projecting future performance highlights potential vulnerabilities and could undermine investor confidence.
FAQ
Who is the largest private shareholder of Nordic American Tankers Ltd?
The Hansson family is the largest private shareholder group, owning 8,550,000 shares after recent transactions.
What recent share purchase was made by Alexander Hansson?
Alexander Hansson purchased 300,000 shares at $2.54 each, increasing his total holdings to 4,000,000 shares.
What is the purpose of the forward-looking statements disclaimer?
The disclaimer indicates that forward-looking statements include assumptions and are subject to uncertainties that could impact actual results.
What contact information is available for shareholder inquiries?
Contacts include Bjørn Giæver, CFO, at +1 888 755 8391, and Alexander Kihle, Finance Manager, at +47 91 724 171.
When did Alexander Hansson make his recent share purchase?
The share purchase by Alexander Hansson occurred on January 6, 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 95 institutional investors add shares of $NAT stock to their portfolio, and 88 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GOLDMAN SACHS GROUP INC removed 1,835,678 shares (-26.8%) from their portfolio in Q3 2024
- AMERICAN CENTURY COMPANIES INC added 1,526,260 shares (+43.6%) to their portfolio in Q3 2024
- TWO SIGMA ADVISERS, LP added 1,521,900 shares (+67.6%) to their portfolio in Q3 2024
- CITADEL ADVISORS LLC removed 1,232,263 shares (-100.0%) from their portfolio in Q3 2024
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 1,153,237 shares (-86.9%) from their portfolio in Q3 2024
- PHILIP JAMES WEALTH MANGEMENT, LLC added 1,108,591 shares (+inf%) to their portfolio in Q3 2024
- JPMORGAN CHASE & CO removed 946,604 shares (-60.1%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Monday, January 6, 2025
Dear Shareholders and Investors,
Non-Executive Vice Chairman of NAT, Alexander Hansson, has today bought 300,000 shares at $2.54 per share. He is now holding 4,000,000 shares.
Following this transaction, the Hansson family owns 8,550,000 shares – being 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
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
This article was originally published on Quiver News, read the full story.
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