Navigator Holdings Ltd. (NYSE:NVGS) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP cut its position in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 43.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,758 shares of the shipping company's stock after selling 30,313 shares during the period. ExodusPoint Capital Management LP owned approximately 0.05% of Navigator worth $595,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership purchased a new stake in Navigator in the fourth quarter valued at approximately $856,000. New Age Alpha Advisors LLC acquired a new stake in Navigator during the 4th quarter valued at approximately $38,000. LPL Financial LLC boosted its holdings in shares of 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 acquiring an additional 1,976 shares during the last quarter. Sei Investments Co. increased its stake in shares of Navigator by 30.8% in the fourth quarter. Sei Investments Co. now owns 117,108 shares of the shipping company's stock worth $1,798,000 after acquiring an additional 27,584 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Navigator by 12.8% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,018 shares of the shipping company's stock worth $445,000 after purchasing an additional 3,303 shares during the last quarter. 18.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Navigator Price Performance

NYSE:NVGS traded up $0.19 during trading hours on Thursday, reaching $12.53. 45,879 shares of the company were exchanged, compared to its average volume of 219,137. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45. The firm has a market cap of $869.35 million, a PE ratio of 11.11 and a beta of 1.07. Navigator Holdings Ltd. has a twelve month low of $10.55 and a twelve month high of $18.18. The stock's 50-day moving average is $14.09 and its 200-day moving average is $15.32.

Navigator (NYSE:NVGS - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $144.03 million during the quarter, compared to analysts' expectations of $120.87 million. On average, sell-side analysts anticipate that Navigator Holdings Ltd. will post 1.25 earnings per share for the current fiscal year.

Navigator Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $0.20 annualized dividend and a dividend yield of 1.60%. Navigator's dividend payout ratio is presently 16.67%.

About Navigator

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.