State of Tennessee Department of Treasury Grows Position in Navigator Holdings Ltd. (NYSE:NVGS)

State of Tennessee Department of Treasury grew its holdings in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 39.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,277 shares of the shipping company's stock after acquiring an additional 24,868 shares during the period. State of Tennessee Department of Treasury owned 0.12% of Navigator worth $1,355,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC increased its holdings in Navigator by 10.7% in the 3rd quarter. Barclays PLC now owns 19,640 shares of the shipping company's stock worth $316,000 after acquiring an additional 1,895 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Navigator in the third quarter worth $907,000. R Squared Ltd bought a new stake in shares of Navigator during the 4th quarter valued at $31,000. Gagnon Securities LLC lifted its stake in shares of Navigator by 7.3% during the 4th quarter. Gagnon Securities LLC now owns 852,608 shares of the shipping company's stock valued at $13,088,000 after buying an additional 57,966 shares in the last quarter. Finally, Graham Capital Wealth Management LLC boosted its holdings in Navigator by 1.7% in the 4th quarter. Graham Capital Wealth Management LLC now owns 217,979 shares of the shipping company's stock worth $3,346,000 after buying an additional 3,681 shares during the period. 18.95% of the stock is currently owned by institutional investors.

Navigator Price Performance

Shares of NVGS stock traded up $0.34 during trading hours on Friday, hitting $13.07. The stock had a trading volume of 169,764 shares, compared to its average volume of 224,366. The stock's 50-day moving average price is $13.21 and its two-hundred day moving average price is $15.01. Navigator Holdings Ltd. has a one year low of $10.55 and a one year high of $18.18. The stock has a market capitalization of $907.03 million, a price-to-earnings ratio of 11.57 and a beta of 0.77. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.75 and a quick ratio of 0.71.

Navigator (NYSE:NVGS - Get Free Report) last posted its earnings results on Wednesday, March 12th. The shipping company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.01. Navigator had a return on equity of 7.40% and a net margin of 14.48%. The firm had revenue of $144.03 million during the quarter, compared to the consensus estimate of $120.87 million. Equities analysts forecast 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 was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Monday, March 24th. Navigator's payout ratio is 16.67%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a "buy" rating and issued a $20.00 price objective on shares of Navigator in a research report on Wednesday, March 12th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Navigator presently has a consensus rating of "Buy" and a consensus price target 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.