Alexander Hansson purchased 100,000 shares of Nordic American Tankers, increasing family ownership to 8.25 million shares.
Quiver AI Summary
On December 17, 2024, Alexander Hansson, the Non-Executive Vice Chairman of Nordic American Tankers Ltd. (NAT), purchased 100,000 shares at a price of $2.5125 each, bringing his total shareholding to 3,700,000. After this transaction, the Hansson family collectively owns 8,250,000 shares, making them the largest private shareholder group in NAT. The press release includes a cautionary statement regarding forward-looking statements, indicating that while certain expectations and projections are discussed, they are subject to various uncertainties and should be interpreted with caution. The company's CEO, Herbjorn Hansson, signed off on the communication, encouraging shareholders to consider the associated risks outlined.
Potential Positives
- Non-Executive Vice Chairman Alexander Hansson's purchase of 100,000 shares demonstrates confidence in the company's future performance and can strengthen shareholder trust.
- The Hansson family’s position as the largest private shareholder group, owning 8,250,000 shares, indicates strong internal support for the company's direction.
- The increase in Alexander Hansson's shareholding to 3,700,000 shares reflects a significant personal investment in the company, which may inspire additional investor interest.
Potential Negatives
- High concentration of ownership among the Hansson family could raise concerns about potential governance issues or conflicts of interest.
- Forward-looking statements in the release highlight significant uncertainties, which could indicate potential risks to future performance.
- The company undertakes no obligation to update any forward-looking statements, which may leave investors with insufficient information as circumstances change.
FAQ
Who is Alexander Hansson?
Alexander Hansson is the Non-Executive Vice Chairman of Nordic American Tankers Ltd.
How many shares did Alexander Hansson buy?
He purchased 100,000 shares at $2.5125 per share.
What is Alexander Hansson’s total shareholding?
He now holds a total of 3,700,000 shares in Nordic American Tankers Ltd.
What is the Hansson family's total share ownership?
The Hansson family owns a total of 8,250,000 shares, making them the largest private shareholder group.
What does the cautionary statement regarding forward-looking statements mean?
The statement indicates that predictions made in the release are subject to uncertainties and should not be seen as guarantees.
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 97 institutional investors add shares of $NAT stock to their portfolio, and 111 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
Tuesday, December 17, 2024
Dear Shareholders and Investors,
Non-Executive Vice Chairman of NAT, Alexander Hansson, has today bought 100,000 shares at $2.5125 per share. He is now holding 3,700,000 shares.
Following this transaction, the Hansson family owns 8,250,000 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