Man Group plc lifted its position in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 159.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 203,441 shares of the shipping company's stock after purchasing an additional 125,178 shares during the period. Man Group plc owned about 0.28% of Navigator worth $3,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in shares of Navigator in the third quarter worth $907,000. LPL Financial LLC boosted its position 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 worth $194,000 after acquiring an additional 1,976 shares during the last quarter. Hodges Capital Management Inc. boosted its position in shares of Navigator by 24.8% during the fourth quarter. Hodges Capital Management Inc. now owns 686,148 shares of the shipping company's stock worth $10,532,000 after acquiring an additional 136,160 shares during the last quarter. Sei Investments Co. boosted its position in shares of Navigator by 30.8% during the fourth quarter. Sei Investments Co. now owns 117,108 shares of the shipping company's stock worth $1,798,000 after acquiring an additional 27,584 shares during the last quarter. Finally, Harvey Capital Management Inc. bought a new position in shares of Navigator during the fourth quarter worth $2,504,000. 18.95% of the stock is owned by hedge funds and other institutional investors.
Navigator Price Performance
NVGS stock opened at $13.70 on Friday. Navigator Holdings Ltd. has a 52 week low of $10.55 and a 52 week high of $18.18. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $13.02 and a two-hundred day simple moving average of $14.81. The firm has a market capitalization of $950.89 million, a P/E ratio of 12.13 and a beta of 0.77.
Navigator (NYSE:NVGS - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The shipping company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.30 by $0.06. Navigator had a net margin of 14.48% and a return on equity of 7.40%. The business had revenue of $151.41 million during the quarter, compared to analyst estimates of $128.26 million. 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.20 annualized dividend and a yield of 1.46%. Navigator's dividend payout ratio (DPR) is currently 15.63%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. Jefferies Financial Group restated a "buy" rating and set a $20.00 target price on shares of Navigator in a research report on Wednesday, March 12th. Wall Street Zen lowered shares of Navigator from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.60.
Check Out Our Latest Stock Report on Navigator
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.
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