5 Russell 2000 Stocks with High Dividend Yields

2. Nordic American Tankers Limited (NYSE: NAT)

Number of Hedge Fund Holders: 10
Dividend Yield: 11.9%

Nordic American Tankers Limited (NYSE: NAT) is a tanker company operating to acquire and charter double-hull tankers in Bermuda and across the globe. The company ranks 2nd on our list of Russell 2000 stocks with high dividend yields and is based in Bermuda.

Evercore ISI analyst Jonathan Chappell just this May upgraded shares of Nordic American Tankers Limited (NYSE: NAT) from Underperform to In Line. The analyst also raised his price target on Nordic American Tankers Limited (NYSE: NAT) from $2.50 to $4.

In the first quarter of 2021, Nordic American Tankers Limited (NYSE: NAT) had an EPS of -$0.16, beating estimates by $0.02. The company’s revenue was $18.81 million, beating the previous quarter’s revenue of $16.29 million.

By the end of the first quarter of 2021, 10 hedge funds out of the 866 tracked by Insider Monkey held stakes in Nordic American Tankers Limited (NYSE: NAT) worth roughly $7.11 million. This is compared to 5 hedge funds in the previous quarter with a total stake value of approximately $7.6 million.