Bank of America Corp DE boosted its stake in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 31.0% during the fourth quarter, according to the company in its most recent filing with the SEC. 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 approximately 0.11% of Navigator worth $1,239,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. New Age Alpha Advisors LLC acquired a new stake in Navigator during the 4th quarter worth approximately $38,000. LPL Financial LLC lifted its holdings in shares of Navigator by 18.5% during the fourth quarter. LPL Financial LLC now owns 12,638 shares of the shipping company's stock worth $194,000 after buying an additional 1,976 shares in the last quarter. Aristides Capital LLC boosted its position in shares of Navigator by 10.5% in the fourth quarter. Aristides Capital LLC now owns 15,034 shares of the shipping company's stock valued at $231,000 after acquiring an additional 1,428 shares during the period. Magnetar Financial LLC bought a new stake in shares of Navigator in the fourth quarter valued at about $361,000. Finally, 1492 Capital Management LLC increased its position in Navigator by 108.0% during the fourth quarter. 1492 Capital Management LLC now owns 26,752 shares of the shipping company's stock worth $411,000 after acquiring an additional 13,890 shares during the period. Institutional investors own 18.95% of the company's stock.
Navigator Price Performance
NVGS traded up $0.21 during trading on Monday, hitting $14.07. 379,857 shares of the stock traded hands, compared to its average volume of 238,943. The business has a 50 day moving average price of $13.10 and a 200 day moving average price of $14.66. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.75 and a quick ratio of 0.71. Navigator Holdings Ltd. has a twelve month low of $10.55 and a twelve month high of $18.18. The company has a market cap of $976.43 million, a price-to-earnings ratio of 12.45 and a beta of 0.79.
Navigator (NYSE:NVGS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The shipping company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.06. The company had revenue of $151.41 million during the quarter, compared to analysts' expectations of $128.26 million. Navigator had a return on equity of 7.40% and a net margin of 14.48%. Equities research analysts forecast that Navigator Holdings Ltd. will post 1.25 earnings per share for the current fiscal year.
Navigator Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Thursday, May 29th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, May 29th. Navigator's dividend payout ratio is 15.63%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on NVGS shares. Jefferies Financial Group restated a "buy" rating and set a $20.00 target price on shares of Navigator in a research report on Wednesday, March 12th. Wall Street Zen lowered Navigator from a "buy" rating to a "hold" rating in a research note 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 company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.60.
Get Our Latest Stock Report on Navigator
Navigator Profile
(
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.
Further Reading
Before you consider Navigator, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Navigator wasn't on the list.
While Navigator currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
