Dynamic Technology Lab Private Ltd Takes Position in Navigator Holdings Ltd. $NVGS

Key Points

• Dynamic Technology Lab Private Ltd has acquired 61,483 shares of Navigator Holdings Ltd, valued at approximately $818,000, increasing its stake to about 0.09% as reported in a recent 13F filing.
• Institutional investors hold 18.95% of Navigator's stock, with notable increases in stakes from firms such as Wellington Management Group LLP and Harvey Capital Management Inc..
• Navigator recently announced a dividend of $0.05 per share, reflecting an annual yield of 1.2%, with the ex-dividend date set for August 28th.

Dynamic Technology Lab Private Ltd bought a new stake in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 61,483 shares of the shipping company's stock, valued at approximately $818,000. Dynamic Technology Lab Private Ltd owned 0.09% of Navigator at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NVGS. Cubist Systematic Strategies LLC lifted its stake in shares of Navigator by 284.3% in the 1st quarter. Cubist Systematic Strategies LLC now owns 206,108 shares of the shipping company's stock valued at $2,743,000 after purchasing an additional 152,470 shares during the period. Man Group plc lifted its stake in shares of Navigator by 159.9% in the 4th quarter. Man Group plc now owns 203,441 shares of the shipping company's stock valued at $3,123,000 after purchasing an additional 125,178 shares during the period. Harvey Capital Management Inc. raised its position in Navigator by 64.4% during the first 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 during the period. Wellington Management Group LLP raised its position in Navigator by 49.4% during the first quarter. Wellington Management Group LLP now owns 317,095 shares of the shipping company's stock worth $4,221,000 after acquiring an additional 104,854 shares during the period. Finally, 1492 Capital Management LLC raised its position in Navigator by 320.1% during the first quarter. 1492 Capital Management LLC now owns 112,397 shares of the shipping company's stock worth $1,496,000 after acquiring an additional 85,645 shares during the period. 18.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a "buy" rating and set a $19.00 price objective on shares of Navigator in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $21.50.

Navigator Price Performance

NYSE:NVGS traded down $0.05 during trading hours on Friday, reaching $16.51. 206,120 shares of the company were exchanged, compared to its average volume of 274,002. The company has a current ratio of 1.59, a quick ratio of 1.53 and a debt-to-equity ratio of 0.70. The stock's 50-day moving average is $15.95 and its 200-day moving average is $14.44. The firm has a market cap of $1.15 billion, a PE ratio of 13.00 and a beta of 0.67. Navigator Holdings Ltd. has a twelve month low of $10.55 and a twelve month high of $17.52.

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

Navigator Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Thursday, August 28th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 28th. Navigator's dividend payout ratio is 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.