Gagnon Securities LLC boosted its holdings in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 871,008 shares of the shipping company's stock after purchasing an additional 19,365 shares during the quarter. Navigator comprises 2.5% of Gagnon Securities LLC's investment portfolio, making the stock its 15th largest holding. Gagnon Securities LLC owned 1.26% of Navigator worth $12,325,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in Navigator by 18.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 50,885 shares of the shipping company's stock valued at $677,000 after purchasing an additional 7,777 shares during the last quarter. SCS Capital Management LLC purchased a new position in Navigator during the 1st quarter worth $1,250,000. Cubist Systematic Strategies LLC raised its position in Navigator by 284.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 206,108 shares of the shipping company's stock worth $2,743,000 after buying an additional 152,470 shares during the last quarter. Petrus Trust Company LTA raised its position in Navigator by 96.8% during the 1st quarter. Petrus Trust Company LTA now owns 90,002 shares of the shipping company's stock worth $1,198,000 after buying an additional 44,270 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Navigator during the 1st quarter worth $818,000. Hedge funds and other institutional investors own 18.95% of the company's stock.
Navigator Stock Performance
Shares of NVGS opened at $14.99 on Wednesday. The company has a 50-day simple moving average of $16.06 and a 200-day simple moving average of $14.66. The company has a quick ratio of 1.53, a current ratio of 1.59 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.04 billion, a PE ratio of 11.80 and a beta of 0.63. Navigator Holdings Ltd. has a 52-week low of $10.55 and a 52-week high of $17.52.
Navigator (NYSE:NVGS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The shipping company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.22). The company had revenue of $129.64 million during the quarter, compared to analysts' expectations of $126.73 million. Navigator had a net margin of 15.57% and a return on equity of 6.56%. Equities research analysts predict that Navigator Holdings Ltd. will post 1.25 earnings per share for the current fiscal year.
Navigator Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Thursday, August 28th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, August 28th. Navigator's dividend payout ratio (DPR) is currently 15.75%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on NVGS shares. Weiss Ratings restated a "buy (b-)" rating on shares of Navigator in a research report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft started coverage on shares of Navigator in a research report on Thursday, September 25th. They set a "buy" rating and a $24.00 price objective for the company. Finally, 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. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Navigator currently has an average rating of "Buy" and a consensus target price of $22.33.
Check Out Our Latest Analysis on NVGS
Navigator Company 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
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