5 Penny Stocks Billionaires Are Loading Up On

In this piece, we will take a look at the five penny stocks billionaires are loading up on. For more penny stocks, head on over to 10 Penny Stocks Billionaires Are Loading Up On.

5. Nordic American Tankers Limited (NYSE:NAT)

Number of Billionaire Investors in Q1 2023: 8

Nordic American Tankers Limited (NYSE:NAT) is a shipping company based in Hamilton, Bermuda. It primarily engages in the ocean transportation of crude oil. Nordic American Tankers Limited (NYSE:NAT) has some of the largest tankers in the world, namely the Suezmax tankers. It has more than a dozen of these vessels in the fleet.

By the end of this year’s first quarter, 21 of the 943 hedge funds part of Insider Monkey’s database had held a stake in Nordic American Tankers Limited (NYSE:NAT). Out of these, the firm’s largest investor is Israel Englander’s Millennium Management with a $27 million stake.