Navigator Holdings Ltd. (NYSE:NVGS) Shares Sold by Penbrook Management LLC

Penbrook Management LLC lowered its stake in shares of Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 38.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,300 shares of the shipping company's stock after selling 32,200 shares during the period. Penbrook Management LLC owned about 0.08% of Navigator worth $696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in NVGS. Aristides Capital LLC raised its position in shares of 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 buying an additional 1,428 shares during the last quarter. Y Intercept Hong Kong Ltd raised its position in shares of Navigator by 6.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 26,913 shares of the shipping company's stock valued at $413,000 after buying an additional 1,540 shares during the last quarter. LPL Financial LLC raised its position in shares of 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 buying an additional 1,976 shares during the last quarter. R Squared Ltd acquired a new position in shares of Navigator in the fourth quarter valued at approximately $31,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Navigator in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 18.95% of the company's stock.

Analyst Upgrades and Downgrades

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

Navigator Stock Up 0.8%

Shares of NVGS stock traded up $0.12 on Monday, hitting $14.29. The stock had a trading volume of 124,926 shares, compared to its average volume of 233,827. The firm has a market capitalization of $991.35 million, a price-to-earnings ratio of 12.66 and a beta of 0.77. The stock's 50 day moving average is $13.04 and its 200-day moving average is $14.73. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.71 and a current ratio of 0.75. Navigator Holdings Ltd. has a 52-week low of $10.55 and a 52-week high of $18.18.

Navigator (NYSE:NVGS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The shipping company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. The firm had revenue of $151.41 million for the quarter, compared to analysts' expectations of $128.26 million. Navigator had a net margin of 14.48% and a return on equity of 7.40%. As a group, research analysts expect that Navigator Holdings Ltd. will post 1.25 earnings per share for the current year.

Navigator Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Thursday, May 29th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.20 annualized dividend and a yield of 1.40%. Navigator's dividend payout ratio is presently 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.