683 Capital Management LLC Makes New $2.92 Million Investment in Navigator Holdings Ltd. (NYSE:NVGS)

683 Capital Management LLC acquired a new stake in shares of Navigator Holdings Ltd. (NYSE:NVGS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 190,000 shares of the shipping company's stock, valued at approximately $2,916,000. 683 Capital Management LLC owned approximately 0.26% of Navigator as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. R Squared Ltd bought a new stake in Navigator in the 4th quarter worth approximately $31,000. New Age Alpha Advisors LLC purchased a new stake in Navigator during the fourth quarter valued at $38,000. LPL Financial LLC raised its stake in Navigator by 18.5% during the fourth quarter. LPL Financial LLC now owns 12,638 shares of the shipping company's stock valued at $194,000 after purchasing an additional 1,976 shares in the last quarter. Aristides Capital LLC lifted its position in Navigator by 10.5% during the fourth quarter. Aristides Capital LLC now owns 15,034 shares of the shipping company's stock valued at $231,000 after purchasing an additional 1,428 shares during the last quarter. Finally, Barclays PLC grew its position in Navigator by 10.7% in the third quarter. Barclays PLC now owns 19,640 shares of the shipping company's stock worth $316,000 after acquiring an additional 1,895 shares in the last quarter. 18.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a "buy" rating and set a $20.00 price target on shares of Navigator in a report on Wednesday, March 12th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $21.60.

Navigator Price Performance

Shares of NVGS stock opened at $12.73 on Friday. The company's 50-day simple moving average is $13.26 and its two-hundred day simple moving average is $15.04. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.75 and a quick ratio of 0.71. Navigator Holdings Ltd. has a one year low of $10.55 and a one year high of $18.18. The company has a market capitalization of $883.37 million, a P/E ratio of 11.26 and a beta of 1.07.

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

Navigator Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.57%. 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.

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