1492 Capital Management LLC Has $1.50 Million Position in Navigator Holdings Ltd. (NYSE:NVGS)

1492 Capital Management LLC boosted its stake in shares of Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 320.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 approximately 0.16% of Navigator worth $1,496,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Madison Asset Management LLC acquired a new position in Navigator during the 1st quarter valued at about $133,000. Tectonic Advisors LLC raised its holdings in shares of Navigator by 9.6% during the first quarter. Tectonic Advisors LLC now owns 73,649 shares of the shipping company's stock valued at $980,000 after buying an additional 6,476 shares during the last quarter. MQS Management LLC acquired a new position in shares of Navigator during the first quarter worth approximately $687,000. Harvey Capital Management Inc. grew its holdings in 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 buying an additional 105,000 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in Navigator by 1.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 528,391 shares of the shipping company's stock valued at $7,033,000 after acquiring an additional 6,550 shares during the period. 18.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Navigator from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.60.

Navigator Price Performance

NVGS stock traded down $0.21 on Thursday, hitting $16.42. 374,199 shares of the company's stock traded hands, compared to its average volume of 772,700. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 12.83 and a beta of 0.78. Navigator Holdings Ltd. has a 1-year low of $10.55 and a 1-year high of $17.52. The stock has a fifty day moving average of $14.72 and a 200-day moving average of $14.57. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.61.

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

Navigator Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, May 29th. Navigator's dividend payout ratio is presently 15.63%.

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.