Boothbay Fund Management LLC Acquires Shares of 45,653 Navigator Holdings Ltd. (NYSE:NVGS)

Boothbay Fund Management LLC purchased a new stake in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 45,653 shares of the shipping company's stock, valued at approximately $701,000. Boothbay Fund Management LLC owned 0.06% of Navigator at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NVGS. Harvey Capital Management Inc. acquired a new stake in Navigator in the 4th quarter valued at approximately $2,504,000. Hodges Capital Management Inc. lifted its stake in Navigator by 24.8% in the fourth quarter. Hodges Capital Management Inc. now owns 686,148 shares of the shipping company's stock valued at $10,532,000 after acquiring an additional 136,160 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Navigator by 11.4% during the 4th quarter. Royce & Associates LP now owns 1,001,114 shares of the shipping company's stock worth $15,367,000 after acquiring an additional 102,711 shares during the period. Gagnon Securities LLC grew its stake in Navigator by 7.3% in the 4th quarter. Gagnon Securities LLC now owns 852,608 shares of the shipping company's stock valued at $13,088,000 after buying an additional 57,966 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in Navigator in the 3rd quarter valued at $907,000. 18.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a "buy" rating and set a $20.00 price objective on shares of Navigator in a research report on Wednesday, March 12th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Navigator presently has an average rating of "Buy" and a consensus target price of $21.60.

Navigator Trading Down 1.4 %

Shares of NYSE NVGS traded down $0.18 during trading on Monday, reaching $12.89. The company had a trading volume of 93,407 shares, compared to its average volume of 269,329. The stock has a market cap of $894.54 million, a P/E ratio of 11.39 and a beta of 0.77. The company's fifty day moving average price is $13.21 and its 200-day moving average price is $15.01. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.45. Navigator Holdings Ltd. has a 12 month low of $10.55 and a 12 month high of $18.18.

Navigator (NYSE:NVGS - Get Free Report) last released its earnings results on Wednesday, March 12th. The shipping company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. Navigator had a net margin of 14.48% and a return on equity of 7.40%. The business had revenue of $144.03 million for the quarter, compared to analyst estimates of $120.87 million. As a group, research analysts expect that Navigator Holdings Ltd. will post 1.25 earnings per share for the current year.

Navigator Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Monday, March 24th. Navigator's payout ratio is 16.67%.

Navigator Profile

Navigator Holdings Ltd. engages in owning and operating a fleet of liquefied gas carriers worldwide. It provides international and regional seaborne transportation services of petrochemical gases, liquefied petroleum gases, and ammonia for energy companies, industrial users, and commodity traders. The company also offers ship shore infrastructure and consultancy services.