Herbjorn Hansson and his son Alexander have increased their stake in Nordic American Offshore to 7.7% after two blocks of shares this week.

Snapping up shares while they are still at a fraction of their year high, the pair have purchased an additional 500,000 shares for $1.25 each today.

NAO shareholders
Nordic American Tankers 22.6%
Magnus Roth12.9%
Hansson family7.7%

That followed their purchase of 300,000 shares yesterday at $1.17