Cubist Systematic Strategies LLC lessened its holdings in shares of Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 53.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,638 shares of the shipping company's stock after selling 61,396 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.07% of Navigator worth $823,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. R Squared Ltd purchased a new position in shares of Navigator during the 4th quarter worth $31,000. New Age Alpha Advisors LLC purchased a new stake in Navigator in the 4th quarter valued at about $38,000. LPL Financial LLC raised its holdings in Navigator by 18.5% in the 4th quarter. LPL Financial LLC now owns 12,638 shares of the shipping company's stock valued at $194,000 after buying an additional 1,976 shares during the period. Aristides Capital LLC raised its holdings in Navigator by 10.5% in the 4th quarter. Aristides Capital LLC now owns 15,034 shares of the shipping company's stock valued at $231,000 after buying an additional 1,428 shares during the period. Finally, Barclays PLC raised its holdings 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 buying an additional 1,895 shares during the period. Hedge funds and other institutional investors own 18.95% of the company's stock.
Navigator Stock Performance
NYSE NVGS traded down $0.02 on Tuesday, reaching $14.27. The stock had a trading volume of 34,710 shares, compared to its average volume of 229,661. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.71 and a current ratio of 0.75. Navigator Holdings Ltd. has a 12-month low of $10.55 and a 12-month high of $18.18. The business's 50-day moving average price is $13.01 and its 200 day moving average price is $14.83. The stock has a market cap of $990.31 million, a P/E ratio of 12.62 and a beta of 0.77.
Navigator (NYSE:NVGS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The shipping company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.06. Navigator had a return on equity of 7.40% and a net margin of 14.48%. The company had revenue of $151.41 million during the quarter, compared to analysts' expectations of $128.26 million. As a group, equities analysts expect that Navigator Holdings Ltd. will post 1.25 earnings per share for the current year.
Navigator Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Thursday, May 29th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Thursday, May 29th. Navigator's dividend payout ratio is currently 15.63%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. Jefferies Financial Group reaffirmed a "buy" rating and issued a $20.00 target price on shares of Navigator in a research report on Wednesday, March 12th. StockNews.com downgraded Navigator from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $21.60.
View Our Latest Report on Navigator
About Navigator
(
Free Report)
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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