Navigator Holdings Ltd. (NYSE:NVGS) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its position in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 36.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 212,241 shares of the shipping company's stock after selling 122,748 shares during the quarter. Wellington Management Group LLP owned about 0.29% of Navigator worth $3,258,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NVGS. First Sabrepoint Capital Management LP grew its stake in Navigator by 266.4% during the 4th quarter. First Sabrepoint Capital Management LP now owns 682,516 shares of the shipping company's stock valued at $10,477,000 after acquiring an additional 496,220 shares in the last quarter. First Manhattan CO. LLC. boosted its holdings in shares of Navigator by 25.1% during the 4th quarter. First Manhattan CO. LLC. now owns 1,034,596 shares of the shipping company's stock worth $15,881,000 after purchasing an additional 207,851 shares during the last quarter. 683 Capital Management LLC purchased a new stake in shares of Navigator in the fourth quarter valued at approximately $2,916,000. Harvey Capital Management Inc. purchased a new stake in shares of Navigator in the fourth quarter valued at approximately $2,504,000. Finally, Man Group plc increased its holdings in shares of Navigator by 159.9% in the fourth quarter. Man Group plc now owns 203,441 shares of the shipping company's stock valued at $3,123,000 after purchasing an additional 125,178 shares during the last quarter. 18.95% of the stock is owned by institutional investors and hedge funds.

Navigator Trading Down 1.5%

NVGS traded down $0.22 during trading hours on Friday, reaching $13.87. The company's stock had a trading volume of 389,329 shares, compared to its average volume of 238,377. The stock has a market cap of $962.69 million, a PE ratio of 12.28 and a beta of 0.79. Navigator Holdings Ltd. has a fifty-two week low of $10.55 and a fifty-two week high of $18.18. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.75 and a quick ratio of 0.71. The business's 50-day moving average is $13.10 and its 200-day moving average is $14.66.

Navigator (NYSE:NVGS - Get Free Report) last posted its earnings results on Wednesday, May 14th. The shipping company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.06. The company had revenue of $151.41 million for the quarter, compared to the consensus estimate of $128.26 million. Navigator had a return on equity of 7.40% and a net margin of 14.48%. As a group, equities research analysts predict 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 Tuesday, June 17th. Shareholders of record on Thursday, May 29th will be given a $0.05 dividend. The ex-dividend date is Thursday, May 29th. This represents a $0.20 dividend on an annualized basis and a yield of 1.44%. Navigator's payout ratio is currently 15.63%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wall Street Zen lowered Navigator from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Jefferies Financial Group reiterated a "buy" rating and set a $20.00 price target on shares of Navigator in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.60.

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.