10 Best Shipping and Container Stocks To Buy

4. Nordic American Tankers Limited (NYSE:NAT)

Number of Hedge Fund Holders: 18

Nordic American Tankers Limited (NYSE:NAT) is an international tanker company that specializes in the ownership, operation, and chartering of Suezmax tankers for crude oil transportation. The company utilizes bareboat charters, time charters, and spot charters to operate its vessels.

Recently, Nordic American Tankers Limited (NYSE:NAT) reported underwhelming Q1 results, with the company’s GAAP EPS for the period coming in at $0.07, missing estimates by $0.04. Revenue fell 30.5% year-over-year to $60.57 million, missing estimates by $5.62 million. However, the tanker company generated $37.6 million in cash from operating activities. Despite challenges in international waters causing shipping traffic disruptions, Nordic American Tankers Limited (NYSE:NAT) managed to double its dividend to $0.12 per share earlier in February.

According to Insider Monkey’s database, 18 hedge funds held stakes in Nordic American Tankers Limited (NYSE:NAT) at the end of 2024. The largest stakes are owned by John Overdeck and David Siegel’s Two Sigma Advisors.