SCS Capital Management LLC purchased a new position in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 93,940 shares of the shipping company's stock, valued at approximately $1,250,000. SCS Capital Management LLC owned about 0.14% of Navigator as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Madison Asset Management LLC purchased a new position in Navigator during the 1st quarter worth approximately $133,000. Quarry LP purchased a new position in shares of Navigator during the 1st quarter valued at $194,000. XTX Topco Ltd purchased a new position in shares of Navigator during the 1st quarter valued at $199,000. PDT Partners LLC purchased a new position in shares of Navigator during the 1st quarter valued at $200,000. Finally, Quantbot Technologies LP grew its holdings in shares of Navigator by 476.9% during the 1st quarter. Quantbot Technologies LP now owns 31,786 shares of the shipping company's stock valued at $423,000 after acquiring an additional 26,276 shares in the last quarter. 18.95% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Jefferies Financial Group restated a "buy" rating and set a $19.00 price target on shares of Navigator in a report on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Navigator has an average rating of "Buy" and a consensus price target of $21.50.
Check Out Our Latest Research Report on Navigator
Navigator Trading Down 1.6%
NVGS stock traded down $0.27 during midday trading on Tuesday, reaching $16.56. The company's stock had a trading volume of 32,729 shares, compared to its average volume of 363,906. Navigator Holdings Ltd. has a 52 week low of $10.55 and a 52 week high of $17.52. The stock has a market cap of $1.15 billion, a PE ratio of 13.05 and a beta of 0.67. The company has a quick ratio of 1.53, a current ratio of 1.59 and a debt-to-equity ratio of 0.70. The business's 50-day simple moving average is $15.97 and its 200-day simple moving average is $14.46.
Navigator (NYSE:NVGS - Get Free Report) last posted its earnings results on Tuesday, August 12th. The shipping company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.22). Navigator had a return on equity of 6.56% and a net margin of 15.57%.The firm had revenue of $129.64 million during the quarter, compared to analyst estimates of $126.73 million. As a group, sell-side analysts expect that Navigator Holdings Ltd. will post 1.25 EPS for the current year.
Navigator Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Thursday, August 28th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 28th. Navigator's payout ratio is presently 15.75%.
About Navigator
(
Free Report)
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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