Here is What Hedge Funds Think About Nordic American Tanker Ltd (NAT)

Now, some big names were leading the bulls’ herd. Marshall Wace LLP, managed by Paul Marshall and Ian Wace, assembled the most outsized position in Nordic American Tanker Ltd (NYSE:NAT). Marshall Wace LLP had $5.1 million invested in the company at the end of the quarter. Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital also initiated a $1.5 million position during the quarter. The following funds were also among the new NAT investors: Joel Greenblatt’s Gotham Asset Management and George Hall’s Clinton Group.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Nordic American Tanker Ltd (NYSE:NAT) but similarly valued. These stocks are DBV Technologies SA – ADR (NASDAQ:DBVT), Coherent, Inc. (NASDAQ:COHR), Genesco Inc. (NYSE:GCO), and Himax Technologies, Inc. (ADR) (NASDAQ:HIMX). This group of stocks’ market valuations are similar to NAT’s market valuation.

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $153 million. That figure was $80 million in NAT’s case. DBV Technologies SA – ADR (NASDAQ:DBVT) is the most popular stock in this table, while Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks Nordic American Tanker Ltd (NYSE:NAT) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially buy its shares.