PDT Partners LLC Acquires New Stake in Navigator Holdings Ltd. $NVGS

Key Points

• PDT Partners LLC has acquired a new stake in Navigator Holdings Ltd. (NVGS), purchasing 15,063 shares valued at approximately **$200,000** during the first quarter.
• Recent analysis has seen **mixed ratings** for NVGS, with Wall Street Zen downgrading it to "hold," while Jefferies Financial Group maintained a "buy" rating and set a target price of **$19.00**.
• Navigator announced a quarterly dividend of **$0.05**, which will be paid on September 17th, representing an annualized yield of **1.2%** on its stock.

PDT Partners LLC bought a new position in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,063 shares of the shipping company's stock, valued at approximately $200,000.

A number of other institutional investors and hedge funds also recently modified their holdings of NVGS. Madison Asset Management LLC purchased a new position in Navigator in the 1st quarter worth approximately $133,000. Quarry LP acquired a new position in Navigator during the 1st quarter worth $194,000. XTX Topco Ltd acquired a new position in Navigator during the 1st quarter worth $199,000. Quantbot Technologies LP raised its stake in shares of Navigator by 476.9% in the 1st quarter. Quantbot Technologies LP now owns 31,786 shares of the shipping company's stock valued at $423,000 after purchasing an additional 26,276 shares in the last quarter. Finally, Jump Financial LLC lifted its position in shares of Navigator by 145.4% during the first 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 during the last quarter. Institutional investors and hedge funds own 18.95% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on NVGS. Wall Street Zen lowered Navigator from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Jefferies Financial Group reaffirmed a "buy" rating and set a $19.00 price objective on shares of Navigator in a research report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $21.67.

Navigator Price Performance

NYSE NVGS opened at $16.61 on Friday. Navigator Holdings Ltd. has a 12 month low of $10.55 and a 12 month high of $17.52. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.59 and a quick ratio of 1.53. The company's 50 day simple moving average is $15.77 and its 200 day simple moving average is $14.43. The firm has a market capitalization of $1.15 billion, a PE ratio of 13.07 and a beta of 0.67.

Navigator (NYSE:NVGS - Get Free Report) last released its 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). Navigator had a net margin of 15.57% and a return on equity of 6.56%. The business had revenue of $129.64 million for the quarter, compared to analyst estimates of $126.73 million. As a group, equities research analysts forecast that Navigator Holdings Ltd. will post 1.25 EPS for the current fiscal year.

Navigator Dividend Announcement

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