Navigator Holdings Ltd. $NVGS Stake Increased by Tectonic Advisors LLC

Key Points

• Tectonic Advisors LLC has increased its stake in Navigator Holdings Ltd. by 25.2%, owning a total of 92,223 shares worth $1,305,000 as of the latest SEC disclosure.
• Brokerages have been optimistic about Navigator, with four analysts rating it as a "Buy" and a consensus target price of $22.33.
• Navigator also declared a quarterly dividend of $0.05 per share, resulting in an annualized yield of 1.4%.

Tectonic Advisors LLC increased its stake in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 25.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,223 shares of the shipping company's stock after buying an additional 18,574 shares during the period. Tectonic Advisors LLC owned about 0.13% of Navigator worth $1,305,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Gagnon Securities LLC increased its stake in shares of Navigator by 2.3% in the second quarter. Gagnon Securities LLC now owns 871,008 shares of the shipping company's stock worth $12,325,000 after buying an additional 19,365 shares during the last quarter. Mraz Amerine & Associates Inc. bought a new stake in shares of Navigator in the second quarter worth $166,000. Goldman Sachs Group Inc. increased its stake in shares of Navigator by 18.0% in the first quarter. Goldman Sachs Group Inc. now owns 50,885 shares of the shipping company's stock worth $677,000 after buying an additional 7,777 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Navigator by 674.7% in the first quarter. Jane Street Group LLC now owns 85,843 shares of the shipping company's stock worth $1,143,000 after buying an additional 74,762 shares during the last quarter. Finally, SCS Capital Management LLC bought a new stake in shares of Navigator in the first quarter worth $1,250,000. Institutional investors own 18.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NVGS. Deutsche Bank Aktiengesellschaft began coverage on shares of Navigator in a report on Thursday, September 25th. They set a "buy" rating and a $24.00 target price on the stock. Weiss Ratings reissued a "buy (b-)" rating on shares of Navigator in a report on Wednesday. Finally, Jefferies Financial Group reissued a "buy" rating and set a $19.00 target price on shares of Navigator in a report on Wednesday, August 13th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $22.33.

Navigator Stock Down 0.7%

Navigator stock opened at $14.74 on Friday. The company has a 50-day simple moving average of $16.01 and a 200-day simple moving average of $14.67. The firm has a market capitalization of $1.02 billion, a P/E ratio of 11.61 and a beta of 0.63. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.53 and a current ratio of 1.59. Navigator Holdings Ltd. has a one year low of $10.55 and a one year high of $17.52.

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

Navigator Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Thursday, August 28th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, August 28th. This represents a $0.20 annualized dividend and a dividend yield of 1.4%. Navigator's dividend payout ratio is currently 15.75%.

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.

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