Bank of America Corp DE Has $1.24 Million Holdings in Navigator Holdings Ltd. (NYSE:NVGS)

Bank of America Corp DE increased its position in shares of Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 31.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,719 shares of the shipping company's stock after buying an additional 19,121 shares during the period. Bank of America Corp DE owned 0.11% of Navigator worth $1,239,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in Navigator by 784.1% during the fourth quarter. BNP Paribas Financial Markets now owns 44,728 shares of the shipping company's stock worth $687,000 after buying an additional 39,669 shares during the last quarter. 683 Capital Management LLC bought a new position in shares of Navigator during the 4th quarter worth approximately $2,916,000. Northern Trust Corp increased its holdings in shares of Navigator by 13.1% during the 4th quarter. Northern Trust Corp now owns 73,478 shares of the shipping company's stock worth $1,128,000 after acquiring an additional 8,499 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in shares of Navigator during the 4th quarter worth approximately $701,000. Finally, State of Tennessee Department of Treasury raised its stake in Navigator by 39.2% in the 4th quarter. State of Tennessee Department of Treasury now owns 88,277 shares of the shipping company's stock valued at $1,355,000 after acquiring an additional 24,868 shares during the period. 18.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NVGS has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a "buy" rating and set a $20.00 price objective on shares of Navigator in a research report on Wednesday, March 12th. Wall Street Zen downgraded shares of Navigator from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Navigator presently has a consensus rating of "Moderate Buy" and an average price target of $21.60.

Navigator Stock Performance

Navigator stock traded down $0.22 during midday trading on Friday, hitting $13.87. The company's stock had a trading volume of 389,329 shares, compared to its average volume of 238,377. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.75 and a quick ratio of 0.71. The company has a market cap of $962.69 million, a price-to-earnings ratio of 12.28 and a beta of 0.79. Navigator Holdings Ltd. has a 1-year low of $10.55 and a 1-year high of $18.18. The company has a 50-day moving average price of $13.10 and a two-hundred day moving average price of $14.67.

Navigator (NYSE:NVGS - Get Free Report) last released its quarterly earnings results 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. 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 14.48% and a return on equity of 7.40%. As a group, sell-side analysts predict that Navigator Holdings Ltd. will post 1.25 earnings per share for the current year.

Navigator Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Thursday, May 29th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Thursday, May 29th. Navigator's dividend payout ratio (DPR) is currently 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.