Navigator Holdings Ltd. $NVGS Holdings Lifted by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC increased its holdings in Navigator Holdings Ltd. by 31.6% during Q1, owning 92,069 shares valued at approximately $1.23 million.
• Wall Street analysts have mixed opinions on Navigator, with three rating it as a "Buy" and a consensus price target of $21.67, while one firm downgraded it to "Hold."
• The company recently announced a quarterly dividend of $0.05 per share, reflecting a 1.2% annual yield, with the ex-dividend date set for August 28.

Campbell & CO Investment Adviser LLC boosted its position in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 31.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,069 shares of the shipping company's stock after acquiring an additional 22,117 shares during the quarter. Campbell & CO Investment Adviser LLC owned 0.13% of Navigator worth $1,225,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in 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 purchasing an additional 1,976 shares in the last quarter. Bank of America Corp DE increased its holdings in Navigator by 31.0% in the 4th quarter. Bank of America Corp DE now owns 80,719 shares of the shipping company's stock valued at $1,239,000 after purchasing an additional 19,121 shares in the last quarter. First Manhattan CO. LLC. increased its holdings in Navigator by 25.1% in the 4th quarter. First Manhattan CO. LLC. now owns 1,034,596 shares of the shipping company's stock valued at $15,881,000 after purchasing an additional 207,851 shares in the last quarter. SG Americas Securities LLC increased its holdings in Navigator by 581.3% in the 1st quarter. SG Americas Securities LLC now owns 58,781 shares of the shipping company's stock valued at $782,000 after purchasing an additional 50,153 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Navigator by 13.1% in the 4th quarter. Northern Trust Corp now owns 73,478 shares of the shipping company's stock valued at $1,128,000 after purchasing an additional 8,499 shares in the last quarter. 18.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NVGS. Jefferies Financial Group reiterated a "buy" rating and issued a $19.00 price target on shares of Navigator in a report on Wednesday, August 13th. Wall Street Zen lowered shares of Navigator from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $21.67.

Navigator Stock Up 0.2%

NVGS stock traded up $0.04 during mid-day trading on Monday, hitting $16.09. 268,930 shares of the company were exchanged, compared to its average volume of 318,946. The company has a market capitalization of $1.12 billion, a PE ratio of 12.67 and a beta of 0.67. The company has a current ratio of 1.59, a quick ratio of 1.53 and a debt-to-equity ratio of 0.70. Navigator Holdings Ltd. has a twelve month low of $10.55 and a twelve month high of $17.52. The firm has a fifty day simple moving average of $15.65 and a 200 day simple moving average of $14.41.

Navigator (NYSE:NVGS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The shipping company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.22). The company had revenue of $129.64 million for the quarter, compared to analyst estimates of $126.73 million. Navigator had a return on equity of 6.56% and a net margin of 15.57%. On average, research analysts forecast that Navigator Holdings Ltd. will post 1.25 earnings per share for the current fiscal year.

Navigator Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Thursday, August 28th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $0.20 annualized dividend and a yield of 1.2%. Navigator's dividend payout ratio (DPR) is currently 15.75%.

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.