Moors & Cabot Inc. Decreases Stock Position 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. lowered its stake in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 40.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Madison Asset Management LLC purchased a new stake in Navigator in the 1st quarter worth $133,000. LPL Financial LLC lifted its stake in Navigator by 18.5% in the 4th quarter. LPL Financial LLC now owns 12,638 shares of the shipping company's stock worth $194,000 after purchasing an additional 1,976 shares in the last quarter. XTX Topco Ltd purchased a new stake in Navigator in the 1st quarter worth $199,000. Aristides Capital LLC lifted its stake in Navigator by 10.5% in the 4th quarter. Aristides Capital LLC now owns 15,034 shares of the shipping company's stock worth $231,000 after purchasing an additional 1,428 shares in the last quarter. Finally, Corton Capital Inc. purchased a new position in shares of Navigator in the 4th quarter worth $270,000. Hedge funds and other institutional investors own 18.95% of the company's stock.

Analyst Upgrades and Downgrades

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

Navigator Stock Down 2.0%

Shares of NYSE:NVGS opened at $15.46 on Monday. 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 Holdings Ltd. has a 12 month low of $10.55 and a 12 month high of $17.52. The company has a 50-day moving average price of $14.95 and a 200 day moving average price of $14.52. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 12.08 and a beta of 0.74.

Navigator (NYSE:NVGS - Get Free Report) last announced its earnings results on Wednesday, May 14th. The shipping company reported $0.36 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $128.26 million. As a group, equities research analysts predict that Navigator Holdings Ltd. will post 1.25 earnings per share for the current year.

Navigator Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Thursday, May 29th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $0.20 annualized dividend and a dividend yield of 1.3%. Navigator's dividend payout ratio is currently 15.63%.

About Navigator

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.

Want to see what other hedge funds are holding NVGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Navigator Holdings Ltd. (NYSE:NVGS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.