Moors & Cabot Inc. Trims Holdings in Navigator Holdings Ltd. (NYSE:NVGS)

Key Points

• Moors & Cabot Inc. reduced its stake in Navigator Holdings Ltd. by 40.4%, now owning approximately 0.06% of the company worth about $593,000 after selling 30,250 shares in the 1st quarter.
• Navigator recently announced a quarterly dividend of $0.05 per share, resulting in an annualized dividend of $0.20 and a dividend yield of 1.3%.
• Wall Street Zen downgraded Navigator's rating from "buy" to "hold", while the stock holds an average rating of "Moderate Buy" with a consensus price target of $21.50.

Moors & Cabot Inc. reduced its position in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 40.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,550 shares of the shipping company's stock after selling 30,250 shares during the quarter. Moors & Cabot Inc. owned about 0.06% of Navigator worth $593,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. XTX Topco Ltd purchased a new stake in shares of Navigator during the 1st quarter worth about $199,000. Royce & Associates LP increased its holdings in shares of Navigator by 1.0% during the 1st quarter. Royce & Associates LP now owns 1,010,684 shares of the shipping company's stock worth $13,452,000 after buying an additional 9,570 shares during the last quarter. 1492 Capital Management LLC increased its holdings in Navigator by 320.1% in the 1st quarter. 1492 Capital Management LLC now owns 112,397 shares of the shipping company's stock valued at $1,496,000 after purchasing an additional 85,645 shares during the last quarter. Madison Asset Management LLC acquired a new stake in Navigator in the 1st quarter valued at approximately $133,000. Finally, Tectonic Advisors LLC grew its stake in shares of Navigator by 9.6% in the first quarter. Tectonic Advisors LLC now owns 73,649 shares of the shipping company's stock worth $980,000 after acquiring an additional 6,476 shares in the last quarter. 18.95% of the stock is owned by hedge funds and other institutional investors.

Navigator Stock Performance

Shares of NVGS traded down $0.23 during mid-day trading on Thursday, hitting $15.75. 119,942 shares of the company's stock were exchanged, compared to its average volume of 377,090. Navigator Holdings Ltd. has a fifty-two week low of $10.55 and a fifty-two week high of $17.52. The firm has a market capitalization of $1.09 billion, a P/E ratio of 12.33 and a beta of 0.74. The business's 50 day moving average is $15.06 and its two-hundred day moving average is $14.52. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.61.

Navigator (NYSE:NVGS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The shipping company reported $0.36 earnings per share for the quarter, topping 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 business had revenue of $151.41 million for the quarter, compared to analysts' expectations of $128.26 million. On average, equities analysts expect that Navigator Holdings Ltd. will post 1.25 earnings per share for the current year.

Navigator Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Thursday, May 29th 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, May 29th. Navigator's dividend payout ratio (DPR) is 15.63%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Navigator from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $21.50.

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.