Nordic American Tankers

Nordic American Tankers shares rose to $6.76, trading close to their 52-week high, with a one-year return of 169% and a year-to-date gain of over 106%. Market capitalization is about $1.43 billion, but InvestingPro considers the stock overvalued. The company has paid dividends for 30 consecutive years (dividend yield 13.3%), reported the retrieval of three Suezmax tankers, and disclosed insider purchases totaling 400,000 shares by the founding family. Nordic American Tankers also closed several charter agreements with daily rates between $75,000 and $198,000. » More on de.investing.com

Nordic American Tankers has returned three Suezmax tankers that had been stranded in the Arabian Gulf since February 28 to international waters. CEO Herbjorn Hansson said the company will not send any more tankers through the Strait of Hormuz, and rates for Suezmax vessels remain high due to a shortage of ships, likely for one to two years. There were no material insurance issues; the stock rose 156% last year, trades at $6.23 near its 52-week high, and the dividend yield is 14.45% with 30 years of uninterrupted dividend payments. » More on de.investing.com

Members of the founding family of Nordic American Tankers bought a total of 400,000 shares. Herbjorn Hansson acquired 100,000 shares at $5.26 and increased his holding to 5,600,000 shares; Alexander Hansson previously bought 300,000 shares at $5.16. The family now holds 11,455,000 shares (5.4% of outstanding shares) and remains the largest private shareholder group. The share rose 120% over the past year and is currently trading at $5.22; the dividend yield is 16.79%. » More on de.investing.com