1492 Capital Management LLC Acquires 85,645 Shares of Navigator Holdings Ltd. (NYSE:NVGS)

1492 Capital Management LLC raised its stake in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 320.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 112,397 shares of the shipping company's stock after purchasing an additional 85,645 shares during the quarter. 1492 Capital Management LLC owned 0.16% of Navigator worth $1,496,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Madison Asset Management LLC bought a new position in shares of Navigator in the 1st quarter worth approximately $133,000. Tectonic Advisors LLC raised its position in shares of Navigator by 9.6% in the 1st quarter. Tectonic Advisors LLC now owns 73,649 shares of the shipping company's stock worth $980,000 after acquiring an additional 6,476 shares in the last quarter. MQS Management LLC bought a new position in shares of Navigator in the 1st quarter worth approximately $687,000. Harvey Capital Management Inc. raised its position in shares of Navigator by 64.4% in the 1st quarter. Harvey Capital Management Inc. now owns 268,100 shares of the shipping company's stock worth $3,568,000 after acquiring an additional 105,000 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of Navigator by 1.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 528,391 shares of the shipping company's stock worth $7,033,000 after acquiring an additional 6,550 shares in the last quarter. Institutional investors own 18.95% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Navigator from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.60.

Navigator Stock Down 2.2%

Shares of NVGS traded down $0.36 on Friday, hitting $16.06. 355,020 shares of the stock traded hands, compared to its average volume of 768,881. The company has a market capitalization of $1.11 billion, a PE ratio of 12.54 and a beta of 0.78. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.03 and a current ratio of 1.10. The business has a 50 day simple moving average of $14.76 and a 200 day simple moving average of $14.56. Navigator Holdings Ltd. has a one year low of $10.55 and a one year high of $17.52.

Navigator (NYSE:NVGS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The shipping company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.06. The company had revenue of $151.41 million during the quarter, compared to the consensus estimate of $128.26 million. Navigator had a net margin of 15.42% and a return on equity of 7.83%. As a group, equities analysts forecast that Navigator Holdings Ltd. will post 1.25 earnings per share for the current fiscal year.

Navigator Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Thursday, May 29th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, May 29th. This represents a $0.20 dividend on an annualized basis and a yield of 1.25%. Navigator's dividend payout ratio (DPR) is 15.63%.

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.