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Highlights

  • Renaissance Technologies LLC boosts stake by 68.8% in Nordic American Tankers during Q4 2024, acquiring 398,700 additional shares.

  • Institutional investors such as Geode Capital Management LLC and Victory Capital Management Inc. have also increased their holdings in the company.

  • Hedge funds and institutional investors now collectively own 44.29% of Nordic American Tankers’ stock.

Renaissance Technologies LLC, a prominent quantitative investment firm, has significantly increased its position in Nordic American Tankers Limited (NYSE:NAT) by 68.8% in the fourth quarter of 2024, according to the firm’s most recent 13F filing with the Securities and Exchange Commission (SEC). Renaissance Technologies acquired an additional 398,700 shares, bringing its total stake to 978,100 shares. As of the latest SEC filing, Renaissance Technologies holds 0.47% of the company's shares, valued at approximately $2.45 million.

This move marks a continued interest by institutional investors in Nordic American Tankers, a shipping company primarily engaged in transporting crude oil. 

Other Institutional Investments Surge

  • Geode Capital Management LLC increased its holdings in Nordic American Tankers by 0.9% during Q4 2024, bringing its total shares to 2,493,016, valued at $6.23 million. The firm acquired an additional 22,615 shares during the quarter.

  • Philip James Wealth Management LLC raised its stake in Nordic American Tankers by a notable 8.8% in the fourth quarter. This increased its holdings to 1,206,410 shares, worth approximately $3.02 million, following an acquisition of 97,819 shares.

  • Victory Capital Management Inc. made a major increase, boosting its stake by an extraordinary 834.7%, purchasing an additional 486,710 shares. Victory Capital now owns 545,019 shares, valued at $1.36 million.

  • Rhumbline Advisers also raised its position by 1.1%, acquiring an additional 5,439 shares to reach a total of 483,457 shares, valued at $1.21 million.

  • Additionally, Norges Bank acquired a new position in the company, purchasing shares worth $1.2 million.

Institutional Ownership Reaches 44.29%

The increased interest from these institutional investors has contributed to a notable shift in ownership, with hedge funds and institutional investors now holding 44.29% of Nordic American Tankers’ stock.