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

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

Several other large investors have also modified their holdings of NVGS. JPMorgan Chase & Co. purchased a new stake in shares of Navigator in the third quarter valued at approximately $907,000. LPL Financial LLC raised its stake in shares of Navigator by 18.5% during the 4th quarter. LPL Financial LLC now owns 12,638 shares of the shipping company's stock worth $194,000 after buying an additional 1,976 shares during the last quarter. Hodges Capital Management Inc. boosted its position in shares of Navigator by 24.8% in the 4th quarter. Hodges Capital Management Inc. now owns 686,148 shares of the shipping company's stock worth $10,532,000 after buying an additional 136,160 shares in the last quarter. Barclays PLC grew its stake in Navigator by 10.7% in the 3rd quarter. Barclays PLC now owns 19,640 shares of the shipping company's stock valued at $316,000 after acquiring an additional 1,895 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in Navigator by 30.8% during the 4th quarter. Sei Investments Co. now owns 117,108 shares of the shipping company's stock valued at $1,798,000 after acquiring an additional 27,584 shares in the last quarter. Hedge funds and other institutional investors own 18.95% of the company's stock.

Navigator Trading Up 0.7 %

NVGS traded up $0.09 during trading on Wednesday, hitting $13.07. The company's stock had a trading volume of 76,905 shares, compared to its average volume of 224,538. The firm's 50 day moving average price is $13.12 and its 200-day moving average price is $14.97. Navigator Holdings Ltd. has a twelve month low of $10.55 and a twelve month high of $18.18. The stock has a market cap of $906.75 million, a PE ratio of 11.60 and a beta of 0.77. 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 (NYSE:NVGS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The shipping company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. Navigator had a net margin of 14.48% and a return on equity of 7.40%. The company had revenue of $144.03 million for the quarter, compared to the consensus estimate of $120.87 million. On average, analysts expect that Navigator Holdings Ltd. will post 1.25 earnings per share for the current year.

Navigator Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Monday, March 24th. Navigator's payout ratio is currently 16.67%.

Analyst Ratings Changes

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

Navigator Company 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.