Trexquant Investment LP Has $1.19 Million Position in Navigator Holdings Ltd. $NVGS

Key Points

• Trexquant Investment LP has reduced its stake in Navigator Holdings Ltd. by 24.4%, now holding approximately 0.13% of the company, valued at $1.19 million.
• Analysts have a consensus rating of "Buy" for NVGS shares, with an average target price of $21.67, although Jefferies reiterated a $19.00 target price.
• Navigator Holdings recently declared a quarterly dividend of $0.05, with a yield of 1.2% and a payout ratio of 15.75%.

Trexquant Investment LP cut its stake in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 24.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,455 shares of the shipping company's stock after selling 28,929 shares during the quarter. Trexquant Investment LP owned approximately 0.13% of Navigator worth $1,191,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. First Manhattan CO. LLC. grew its stake in shares of Navigator by 25.1% in the fourth quarter. First Manhattan CO. LLC. now owns 1,034,596 shares of the shipping company's stock valued at $15,881,000 after acquiring an additional 207,851 shares in the last quarter. Royce & Associates LP grew its stake in shares of Navigator by 1.0% in the first quarter. Royce & Associates LP now owns 1,010,684 shares of the shipping company's stock valued at $13,452,000 after acquiring an additional 9,570 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Navigator by 1.3% in the first quarter. Oppenheimer & Co. Inc. now owns 528,391 shares of the shipping company's stock valued at $7,033,000 after acquiring an additional 6,550 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Navigator by 49.4% in the first quarter. Wellington Management Group LLP now owns 317,095 shares of the shipping company's stock valued at $4,221,000 after acquiring an additional 104,854 shares in the last quarter. Finally, Harvey Capital Management Inc. grew its stake in shares of Navigator by 64.4% in the first quarter. Harvey Capital Management Inc. now owns 268,100 shares of the shipping company's stock valued at $3,568,000 after acquiring an additional 105,000 shares in the last quarter. 18.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a "buy" rating and issued a $19.00 price target on shares of Navigator in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $21.50.

Navigator Price Performance

Navigator stock traded down $0.05 during trading hours on Friday, reaching $16.51. 206,120 shares of the stock were exchanged, compared to its average volume of 275,941. The company has a market cap of $1.15 billion, a P/E ratio of 13.00 and a beta of 0.67. The company has a current ratio of 1.59, a quick ratio of 1.53 and a debt-to-equity ratio of 0.70. Navigator Holdings Ltd. has a twelve month low of $10.55 and a twelve month high of $17.52. The stock has a 50 day moving average of $15.95 and a two-hundred day moving average of $14.46.

Navigator (NYSE:NVGS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The shipping company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.22). The firm had revenue of $129.64 million for the quarter, compared to analyst estimates of $126.73 million. Navigator had a return on equity of 6.56% and a net margin of 15.57%. Equities analysts expect 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. Shareholders of record on Thursday, August 28th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, August 28th. Navigator's dividend payout ratio is presently 15.75%.

Navigator Company 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.