Millennium Management LLC Sells 95,463 Shares of Navigator Holdings Ltd. (NYSE:NVGS)

Millennium Management LLC decreased its position in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 17.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 466,469 shares of the shipping company's stock after selling 95,463 shares during the quarter. Millennium Management LLC owned 0.64% of Navigator worth $7,160,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Navigator during the fourth quarter worth $31,000. New Age Alpha Advisors LLC purchased a new position in Navigator in the fourth quarter valued at $38,000. LPL Financial LLC boosted its stake in Navigator by 18.5% in the fourth quarter. LPL Financial LLC now owns 12,638 shares of the shipping company's stock valued at $194,000 after acquiring an additional 1,976 shares in the last quarter. Aristides Capital LLC boosted its stake in Navigator by 10.5% in the fourth quarter. Aristides Capital LLC now owns 15,034 shares of the shipping company's stock valued at $231,000 after acquiring an additional 1,428 shares in the last quarter. Finally, Corton Capital Inc. acquired a new position in Navigator in the fourth quarter valued at $270,000. Hedge funds and other institutional investors own 18.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Navigator from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Jefferies Financial Group reissued a "buy" rating and set a $20.00 price objective on shares of Navigator in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $21.60.

Navigator Stock Down 1.5%

Navigator stock traded down $0.22 during midday trading on Friday, hitting $14.18. 407,372 shares of the stock were exchanged, compared to its average volume of 234,199. Navigator Holdings Ltd. has a 1 year low of $10.55 and a 1 year high of $18.18. The firm has a market cap of $984.06 million, a P/E ratio of 12.55 and a beta of 0.77. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.75 and a quick ratio of 0.71. The company has a 50 day moving average price of $13.04 and a two-hundred day moving average price of $14.74.

Navigator (NYSE:NVGS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The shipping company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $128.26 million. On average, sell-side analysts predict that Navigator Holdings Ltd. will post 1.25 earnings per share for the current fiscal 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 paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, May 29th. 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.