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Just saw that Herbjørn Hansson, the CEO of Nordic American Tankers, dropped another $270k buying 100k shares at $2.70. Now the Hansson family is sitting on 9.4M shares – basically the biggest private holder in the company. Interesting move, right? Like, you don't usually see founders throwing their own money in unless they think there's something there.
But here's the thing that caught my eye – looking at the hedge fund flows, it's pretty mixed. Some big players like Citadel actually bailed out (dumped 1.7M shares in Q1), while others like Mirae Asset added 1.6M shares. Goldman Sachs also cut their position. So while Herbjørn Hansson is doubling down, the institutional crowd seems uncertain.
The ownership concentration is real though – Hansson family controlling that much could be a plus for stability or a red flag for governance, depending on how you look at it. No major strategic updates in the release either, which is kinda sus. What's your take on insider buying when institutions are heading for the exits?