5 Best Shipping and Container Stocks To Buy

In this article, we will take a look at the 5 best shipping and container stocks to buy. To go through our recent market trends and activity analysis, you can go directly to see the 13 Best Shipping and Container Stocks to Buy.

5. Nordic American Tankers Limited (NYSE:NAT)

Number of Hedge Fund Holders: 15

Nordic American Tankers Limited (NYSE:NAT) is a maritime industry player specializing in tanker vessels, particularly in the transport of crude oil. With a remarkable track record, the company has consistently distributed dividends to its shareholders for 28 consecutive years, currently providing a quarterly dividend of $0.12 per share. As of November 26, the stock boasts a dividend yield of 10.91%.

Nordic American Tankers Limited (NYSE:NAT), a specialist in Suezmax vessels, is enhancing its fleet through the acquisition of a South Korean-built ship. While specific details such as the vessel’s name and purchase price remain undisclosed, NAT revealed that the ship has been under the operation and diligent maintenance of a reputable shipowner for the past six to seven years. This transaction will result in Nordic American Tankers, led by Herbjorn Hansson, expanding its fleet to a total of 20 Suezmax vessels.

As of the close of Q3 2023, 15 hedge funds in Insider Monkey’s database reported having stakes in Nordic American Tankers Limited (NYSE:NAT), compared with 16 a quarter earlier. These stakes are worth collectively over $50.58 million.