Cubist Systematic Strategies LLC Has $2.74 Million Holdings in Navigator Holdings Ltd. $NVGS

Key Points

• Cubist Systematic Strategies LLC has increased its stake in Navigator Holdings Ltd. by 284.3%, acquiring an additional 152,470 shares during the first quarter.
• Navigator recently reported $0.14 EPS for the quarter, missing estimates by ($0.22), with a revenue of $129.64 million.
• The company declared a quarterly dividend of $0.05 per share, representing a 1.2% dividend yield and a payout ratio of 15.75%.

Cubist Systematic Strategies LLC increased its stake in shares of Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 284.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,108 shares of the shipping company's stock after purchasing an additional 152,470 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.30% of Navigator worth $2,743,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Madison Asset Management LLC acquired a new position in Navigator during the 1st quarter worth approximately $133,000. Quarry LP acquired a new position in Navigator during the 1st quarter worth approximately $194,000. XTX Topco Ltd acquired a new position in Navigator during the 1st quarter worth approximately $199,000. Quantbot Technologies LP increased its position in Navigator by 476.9% during the 1st quarter. Quantbot Technologies LP now owns 31,786 shares of the shipping company's stock worth $423,000 after purchasing an additional 26,276 shares in the last quarter. Finally, Jump Financial LLC increased its position in Navigator by 145.4% during the 1st quarter. Jump Financial LLC now owns 38,785 shares of the shipping company's stock worth $516,000 after purchasing an additional 22,977 shares in the last quarter. 18.95% of the stock is currently owned by institutional investors and hedge funds.

Navigator Trading Up 0.7%

NYSE NVGS traded up $0.11 on Thursday, hitting $16.57. The company's stock had a trading volume of 201,700 shares, compared to its average volume of 276,104. The company has a quick ratio of 1.53, a current ratio of 1.59 and a debt-to-equity ratio of 0.70. Navigator Holdings Ltd. has a 1-year low of $10.55 and a 1-year high of $17.52. The company's 50-day moving average is $15.92 and its 200 day moving average is $14.45. The firm has a market cap of $1.15 billion, a PE ratio of 13.05 and a beta of 0.67.

Navigator (NYSE:NVGS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The shipping company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.22). Navigator had a net margin of 15.57% and a return on equity of 6.56%. The business had revenue of $129.64 million during the quarter, compared to analyst estimates of $126.73 million. As a group, analysts predict that Navigator Holdings Ltd. will post 1.25 earnings per share for the current fiscal year.

Navigator Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Thursday, August 28th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, August 28th. This represents a $0.20 annualized dividend and a dividend yield of 1.2%. Navigator's dividend payout ratio is 15.75%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a "buy" rating and set a $19.00 price objective on shares of Navigator in a research report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Navigator presently has a consensus rating of "Buy" and a consensus price target of $21.67.

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.