First Manhattan CO. LLC. grew its stake in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 25.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,034,596 shares of the shipping company's stock after purchasing an additional 207,851 shares during the quarter. First Manhattan CO. LLC. owned approximately 1.41% of Navigator worth $15,881,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Barclays PLC lifted its position in Navigator by 10.7% during the third quarter. Barclays PLC now owns 19,640 shares of the shipping company's stock worth $316,000 after purchasing an additional 1,895 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Navigator in the third quarter worth $907,000. R Squared Ltd bought a new position in shares of Navigator during the fourth quarter worth about $31,000. Gagnon Securities LLC lifted its position in shares of Navigator by 7.3% in the 4th quarter. Gagnon Securities LLC now owns 852,608 shares of the shipping company's stock worth $13,088,000 after purchasing an additional 57,966 shares during the period. Finally, Graham Capital Wealth Management LLC grew its holdings in Navigator by 1.7% during the 4th quarter. Graham Capital Wealth Management LLC now owns 217,979 shares of the shipping company's stock worth $3,346,000 after acquiring an additional 3,681 shares during the period. Institutional investors and hedge funds own 18.95% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently commented on NVGS. StockNews.com downgraded shares of Navigator from a "buy" rating to a "hold" rating in a research report on Tuesday. Jefferies Financial Group reissued a "buy" rating and set a $20.00 price objective on shares of Navigator in a report on Wednesday, March 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $21.60.
Read Our Latest Stock Report on NVGS
Navigator Trading Up 2.7%
Shares of NYSE:NVGS traded up $0.37 during trading on Thursday, reaching $14.08. 330,531 shares of the company traded hands, compared to its average volume of 229,215. The firm has a market capitalization of $977.12 million, a price-to-earnings ratio of 12.45 and a beta of 0.77. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45. The business's fifty day moving average is $13.00 and its 200-day moving average is $14.88. Navigator Holdings Ltd. has a 52-week low of $10.55 and a 52-week high of $18.18.
Navigator (NYSE:NVGS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The shipping company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.06. Navigator had a return on equity of 7.40% and a net margin of 14.48%. The firm had revenue of $151.41 million for the quarter, compared to analyst estimates of $128.26 million. As a group, analysts forecast that Navigator Holdings Ltd. will post 1.25 EPS for the current year.
Navigator Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Monday, March 24th. Navigator's dividend payout ratio is presently 16.67%.
Navigator Profile
(
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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