Navigator Holdings Ltd. (NYSE:NVGS) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. cut its holdings in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 73.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 28,458 shares of the shipping company's stock after selling 78,245 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Navigator were worth $437,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. R Squared Ltd acquired a new stake in shares of Navigator during the 4th quarter worth $31,000. New Age Alpha Advisors LLC acquired a new stake in Navigator in the 4th quarter valued at $38,000. LPL Financial LLC increased its holdings in Navigator by 18.5% in the 4th quarter. LPL Financial LLC now owns 12,638 shares of the shipping company's stock valued at $194,000 after purchasing an additional 1,976 shares in the last quarter. Aristides Capital LLC increased its holdings in Navigator by 10.5% in the 4th quarter. Aristides Capital LLC now owns 15,034 shares of the shipping company's stock valued at $231,000 after purchasing an additional 1,428 shares in the last quarter. Finally, Corton Capital Inc. acquired a new stake in Navigator in the 4th quarter valued at $270,000. 18.95% of the stock is currently owned by institutional investors and hedge funds.

Navigator Stock Up 1.2%

NYSE:NVGS traded up $0.17 on Thursday, reaching $14.41. The stock had a trading volume of 483,206 shares, compared to its average volume of 233,001. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average of $13.02 and a 200 day moving average of $14.77. The stock has a market cap of $1.00 billion, a P/E ratio of 12.75 and a beta of 0.77. Navigator Holdings Ltd. has a 12-month low of $10.55 and a 12-month high of $18.18.

Navigator (NYSE:NVGS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The shipping company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.30 by $0.06. Navigator had a net margin of 14.48% and a return on equity of 7.40%. The business had revenue of $151.41 million for the quarter, compared to analysts' expectations of $128.26 million. On average, research analysts predict 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 will be paid on Tuesday, June 17th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, May 29th. This represents a $0.20 annualized dividend and a dividend yield of 1.39%. Navigator's payout ratio is 15.63%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wall Street Zen downgraded Navigator from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Jefferies Financial Group reiterated a "buy" rating and issued a $20.00 price target on shares of Navigator in a report on Wednesday, March 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $21.60.

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.