Harvey Capital Management Inc. lifted its holdings in shares of Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 64.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 268,100 shares of the shipping company's stock after purchasing an additional 105,000 shares during the quarter. Harvey Capital Management Inc. owned about 0.39% of Navigator worth $3,568,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the business. Aristides Capital LLC increased its stake in 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 purchasing an additional 1,428 shares during the last quarter. LPL Financial LLC increased its stake in Navigator by 18.5% in the fourth 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 during the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Navigator during the fourth quarter worth approximately $38,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Navigator by 12.8% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,018 shares of the shipping company's stock worth $445,000 after acquiring an additional 3,303 shares during the last quarter. Finally, State of Wyoming grew its position in shares of Navigator by 22.4% during the fourth quarter. State of Wyoming now owns 34,143 shares of the shipping company's stock worth $524,000 after acquiring an additional 6,244 shares during the last quarter. Institutional investors and hedge funds own 18.95% of the company's stock.
Navigator Stock Performance
Shares of NVGS traded up $0.21 during mid-day trading on Friday, reaching $15.50. 660,798 shares of the company's stock were exchanged, compared to its average volume of 275,523. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.10 and a quick ratio of 1.03. The stock has a market capitalization of $1.08 billion, a PE ratio of 12.11 and a beta of 0.78. The business's fifty day simple moving average is $14.29 and its 200-day simple moving average is $14.54. Navigator Holdings Ltd. has a 52-week low of $10.55 and a 52-week high of $17.53.
Navigator (NYSE:NVGS - Get Free Report) last posted its quarterly earnings data 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. Navigator had a net margin of 15.42% and a return on equity of 7.83%. The firm had revenue of $151.41 million for the quarter, compared to analyst estimates of $128.26 million. On average, equities research analysts expect that Navigator Holdings Ltd. will post 1.25 earnings per share for the current year.
Navigator Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Thursday, May 29th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $0.20 dividend on an annualized basis and a yield of 1.29%. Navigator's dividend payout ratio (DPR) is 15.63%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered shares of Navigator from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Navigator presently has an average rating of "Moderate Buy" and a consensus target price of $21.60.
Check Out Our Latest Stock Analysis on NVGS
About Navigator
(
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.
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