Navigator Holdings Ltd. (NYSE:NVGS) Shares Bought by Harvey Capital Management Inc.

Harvey Capital Management Inc. increased its holdings in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 64.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 268,100 shares of the shipping company's stock after buying an additional 105,000 shares during the quarter. Harvey Capital Management Inc. owned 0.39% of Navigator worth $3,568,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. New Age Alpha Advisors LLC purchased a new position in shares of Navigator in the fourth quarter worth $38,000. LPL Financial LLC boosted its stake 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 valued at $194,000 after purchasing an additional 1,976 shares during the period. Aristides Capital LLC boosted its stake in shares of Navigator by 10.5% during 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 period. Corton Capital Inc. purchased a new stake in shares of Navigator during the fourth quarter valued at $270,000. Finally, Magnetar Financial LLC purchased a new stake in shares of Navigator during the fourth quarter valued at $361,000. Hedge funds and other institutional investors own 18.95% of the company's stock.

Wall Street Analyst Weigh In

NVGS has been the subject of a number of research reports. Wall Street Zen lowered shares of Navigator from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Jefferies Financial Group reiterated a "buy" rating and issued a $20.00 price target on shares of Navigator in a report on Wednesday, March 12th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Navigator has a consensus rating of "Moderate Buy" and a consensus price target of $21.60.

Navigator Price Performance

NYSE NVGS traded down $0.35 during mid-day trading on Wednesday, hitting $14.97. The stock had a trading volume of 595,911 shares, compared to its average volume of 272,321. The firm's 50 day moving average is $14.15 and its 200 day moving average is $14.54. Navigator Holdings Ltd. has a twelve month low of $10.55 and a twelve month high of $17.53. 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 $1.04 billion, a price-to-earnings ratio of 11.70 and a beta of 0.78.

Navigator (NYSE:NVGS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The shipping company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.06. Navigator had a return on equity of 7.83% and a net margin of 15.42%. The firm had revenue of $151.41 million during the quarter, compared to the consensus estimate of $128.26 million. 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 was paid on Tuesday, June 17th. Stockholders of record on Thursday, May 29th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, May 29th. Navigator's payout ratio is currently 15.63%.

Navigator Profile

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.