Wellington Management Group LLP decreased its position in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 36.6% in the 4th quarter, according to the company in its most recent 13F filing with the 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 filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Aristides Capital LLC increased its position in Navigator by 10.5% during the fourth quarter. Aristides Capital LLC now owns 15,034 shares of the shipping company's stock worth $231,000 after buying an additional 1,428 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in Navigator by 6.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 26,913 shares of the shipping company's stock worth $413,000 after purchasing an additional 1,540 shares during the last quarter. LPL Financial LLC lifted its holdings in Navigator by 18.5% in the 4th quarter. LPL Financial LLC now owns 12,638 shares of the shipping company's stock worth $194,000 after purchasing an additional 1,976 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in Navigator during the fourth quarter valued at approximately $38,000. Finally, Tectonic Advisors LLC raised its position in shares of Navigator by 5.1% in the fourth quarter. Tectonic Advisors LLC now owns 67,173 shares of the shipping company's stock valued at $1,031,000 after purchasing an additional 3,273 shares during the period. Institutional investors and hedge funds own 18.95% of the company's stock.
Analyst Ratings Changes
NVGS has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a "buy" rating and set a $20.00 price objective on shares of Navigator in a report on Wednesday, March 12th. Wall Street Zen lowered shares of Navigator from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $21.60.
View Our Latest Stock Analysis on NVGS
Navigator Stock Performance
Shares of NVGS traded down $0.22 during mid-day trading on Friday, hitting $13.87. The company's stock had a trading volume of 389,329 shares, compared to its average volume of 237,964. The stock's 50-day moving average is $13.09 and its two-hundred day moving average is $14.69. The firm has a market capitalization of $962.69 million, a PE ratio of 12.28 and a beta of 0.77. 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 one year low of $10.55 and a one year high of $18.18.
Navigator (NYSE:NVGS - Get Free Report) last released its earnings results on Wednesday, May 14th. The shipping company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.30 by $0.06. The firm had revenue of $151.41 million during 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, sell-side analysts anticipate that Navigator Holdings Ltd. will post 1.25 EPS for the current year.
Navigator Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Thursday, May 29th. Navigator's dividend payout ratio is currently 15.63%.
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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