BlackRock, the top institutional investor in Herbjorn Hansson's Nordic American Tankers, has cut its stake just below 5%.
According to Securities and Exchange Commission filings, the New York asset manager rolled back its position from 7.4 million shares to just over 7 million, bringing its position to 4.97%.
It remains the leading investor in the tanker owner, ahead of Morgan Stanley by roughly 1.7
