93,940 Shares in Navigator Holdings Ltd. $NVGS Bought by SCS Capital Management LLC

Key Points

• SCS Capital Management LLC acquired 93,940 shares of Navigator Holdings Ltd., valued at approximately $1.25 million, increasing their ownership to 0.14% of the company.
• NAVIGATOR reported earnings of $0.14 per share, missing estimates of $0.36, but exceeded revenue expectations with $129.64 million for the quarter.
• The company declared a quarterly dividend of $0.05 per share, with an annualized dividend yield of 1.2%, and a payout ratio of 15.75%.

SCS Capital Management LLC acquired a new position in shares of Navigator Holdings Ltd. (NYSE:NVGS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Petrus Trust Company LTA raised its position in shares of Navigator by 96.8% in the first quarter. Petrus Trust Company LTA now owns 90,002 shares of the shipping company's stock valued at $1,198,000 after buying an additional 44,270 shares in the last quarter. Bank of America Corp DE raised its position in shares of Navigator by 31.0% in the fourth quarter. Bank of America Corp DE now owns 80,719 shares of the shipping company's stock valued at $1,239,000 after buying an additional 19,121 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Navigator by 284.3% in the first quarter. Cubist Systematic Strategies LLC now owns 206,108 shares of the shipping company's stock valued at $2,743,000 after buying an additional 152,470 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Navigator by 581.3% in the first quarter. SG Americas Securities LLC now owns 58,781 shares of the shipping company's stock valued at $782,000 after buying an additional 50,153 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Navigator by 2.3% in the first quarter. Invesco Ltd. now owns 130,616 shares of the shipping company's stock valued at $1,738,000 after buying an additional 2,911 shares in the last quarter. 18.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a "buy" rating and issued a $19.00 price target on shares of Navigator in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $21.50.

Navigator Price Performance

NVGS traded down $0.05 during trading on Friday, hitting $16.51. 206,120 shares of the stock traded hands, compared to its average volume of 275,941. Navigator Holdings Ltd. has a twelve month low of $10.55 and a twelve month high of $17.52. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 13.00 and a beta of 0.67. 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 business has a 50 day moving average price of $15.95 and a 200 day moving average price of $14.45.

Navigator (NYSE:NVGS - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $129.64 million for the quarter, compared to analyst estimates of $126.73 million. Equities research analysts forecast that Navigator Holdings Ltd. will post 1.25 earnings per share for the current fiscal year.

Navigator Dividend Announcement

The business also recently announced 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 of this dividend is Thursday, August 28th. Navigator's payout ratio is presently 15.75%.

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.