PharVision Advisers LLC Invests $609,000 in Navigator Holdings Ltd. $NVGS

Key Points

• PharVision Advisers LLC has acquired 45,751 shares of Navigator Holdings Ltd. valued at approximately $609,000, making it the firm's 4th largest holding.
• Navigator recently reported earnings per share (EPS) of $0.14 for the quarter, which fell short of the consensus estimate of $0.36, despite revenue exceeding expectations at $129.64 million.
• The company has announced a quarterly dividend of $0.05 per share, translating to an annual yield of 1.2%, with a dividend payout ratio of 15.75%.

PharVision Advisers LLC purchased a new stake in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 45,751 shares of the shipping company's stock, valued at approximately $609,000. Navigator makes up about 0.8% of PharVision Advisers LLC's investment portfolio, making the stock its 4th biggest holding. PharVision Advisers LLC owned 0.07% of Navigator at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. increased its holdings in Navigator by 2.3% during the 1st quarter. Invesco Ltd. now owns 130,616 shares of the shipping company's stock valued at $1,738,000 after acquiring an additional 2,911 shares in the last quarter. State of Wyoming grew its position in shares of Navigator by 22.4% in the fourth quarter. State of Wyoming now owns 34,143 shares of the shipping company's stock valued at $524,000 after purchasing an additional 6,244 shares during the last quarter. Tectonic Advisors LLC increased its stake in shares of Navigator by 9.6% during the 1st quarter. Tectonic Advisors LLC now owns 73,649 shares of the shipping company's stock worth $980,000 after purchasing an additional 6,476 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Navigator by 1.3% during the 1st quarter. Oppenheimer & Co. Inc. now owns 528,391 shares of the shipping company's stock worth $7,033,000 after purchasing an additional 6,550 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Navigator by 13.1% during the 4th quarter. Northern Trust Corp now owns 73,478 shares of the shipping company's stock worth $1,128,000 after purchasing an additional 8,499 shares during the last quarter. Hedge funds and other institutional investors own 18.95% of the company's stock.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a "buy" rating and set a $19.00 price objective on shares of Navigator in a research report on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Navigator presently has a consensus rating of "Buy" and an average target price of $21.67.

Navigator Trading Down 0.4%

Navigator stock traded down $0.07 during midday trading on Thursday, reaching $16.39. The stock had a trading volume of 86,591 shares, compared to its average volume of 366,498. The stock's 50-day simple moving average is $15.89 and its 200 day simple moving average is $14.44. The stock has a market capitalization of $1.14 billion, a PE ratio of 12.91 and a beta of 0.67. Navigator Holdings Ltd. has a twelve month low of $10.55 and a twelve month high of $17.52. 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 (NYSE:NVGS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The shipping company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.22). The company had revenue of $129.64 million for the quarter, compared to analyst estimates of $126.73 million. Navigator had a return on equity of 6.56% and a net margin of 15.57%. Analysts expect that Navigator Holdings Ltd. will post 1.25 EPS for the current year.

Navigator Dividend Announcement

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