Jump Financial LLC Acquires 22,977 Shares of Navigator Holdings Ltd. $NVGS

Key Points

• Jump Financial LLC increased its stake in Navigator Holdings Ltd. by **145.4%**, owning **38,785 shares** worth **$516,000** after acquiring an additional **22,977 shares** in the first quarter.
• Navigator recently reported a **net margin of 15.57%** and a revenue of **$129.64 million**, falling short of analysts' consensus earnings estimates while projecting **$1.25 EPS** for the fiscal year.
• The company announced a quarterly dividend of **$0.05**, representing an annualized yield of **1.2%**, with the ex-dividend date set for **August 28th**.

Jump Financial LLC lifted its holdings in shares of Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 145.4% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,785 shares of the shipping company's stock after buying an additional 22,977 shares during the period. Jump Financial LLC owned about 0.06% of Navigator worth $516,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Invesco Ltd. grew its position in Navigator by 2.3% during the 1st quarter. Invesco Ltd. now owns 130,616 shares of the shipping company's stock worth $1,738,000 after acquiring an additional 2,911 shares during the last quarter. State of Wyoming boosted its position in shares of Navigator by 22.4% during the 4th quarter. State of Wyoming now owns 34,143 shares of the shipping company's stock valued at $524,000 after purchasing an additional 6,244 shares in the last quarter. Tectonic Advisors LLC boosted its position in shares of Navigator by 9.6% during the 1st quarter. Tectonic Advisors LLC now owns 73,649 shares of the shipping company's stock valued at $980,000 after purchasing an additional 6,476 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in Navigator by 1.3% during the 1st quarter. Oppenheimer & Co. Inc. now owns 528,391 shares of the shipping company's stock worth $7,033,000 after buying an additional 6,550 shares during the period. Finally, Northern Trust Corp raised its stake in Navigator by 13.1% during the 4th quarter. Northern Trust Corp now owns 73,478 shares of the shipping company's stock worth $1,128,000 after buying an additional 8,499 shares during the period. Institutional investors own 18.95% of the company's stock.

Navigator Stock Performance

Navigator stock traded up $0.09 during mid-day trading on Wednesday, reaching $16.08. The company's stock had a trading volume of 285,002 shares, compared to its average volume of 295,144. The firm's fifty day moving average price is $15.70 and its two-hundred day moving average price is $14.43. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.53 and a current ratio of 1.59. Navigator Holdings Ltd. has a 12-month low of $10.55 and a 12-month high of $17.52. The company has a market capitalization of $1.12 billion, a P/E ratio of 12.66 and a beta of 0.67.

Navigator (NYSE:NVGS - Get Free Report) last posted its quarterly 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). Navigator had a return on equity of 6.56% and a net margin of 15.57%.The company had revenue of $129.64 million during the quarter, compared to the consensus estimate of $126.73 million. Sell-side analysts predict that Navigator Holdings Ltd. will post 1.25 EPS for the current fiscal year.

Navigator Announces Dividend

The company also recently disclosed 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 payout ratio is currently 15.75%.

Analyst Ratings Changes

NVGS has been the subject of several analyst reports. Wall Street Zen downgraded Navigator from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Jefferies Financial Group restated a "buy" rating and issued a $19.00 price objective on shares of Navigator in a research note on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $21.67.

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.