Navigator (NYSE:NVGS) Insider Oeyvind Lindeman Sells 7,500 Shares of Stock

Key Points

• Navigator insider Oeyvind Lindeman sold 7,500 shares at an average price of $21.68, generating $162,600 and reducing his direct stake by 50.86% to 7,246 shares. He also sold 6,259 shares in May.
• Navigator reported quarterly earnings of $0.85 per share, beating estimates of $0.53, while revenue of $167.94 million exceeded the $139.46 million consensus forecast.
• The stock recently traded at $22.22, while analysts maintain a “Moderate Buy” consensus with a $23.33 target price. Navigator also declared a quarterly dividend of $0.07 per share, equivalent to a 1.3% annual yield.

Navigator Holdings Ltd. (NYSE:NVGS - Get Free Report) insider Oeyvind Lindeman sold 7,500 shares of Navigator stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $21.68, for a total value of $162,600.00. Following the sale, the insider directly owned 7,246 shares in the company, valued at $157,093.28. The trade was a 50.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Oeyvind Lindeman also recently made the following trade(s):

• On Friday, May 29th, Oeyvind Lindeman sold 6,259 shares of Navigator stock. The shares were sold at an average price of $21.70, for a total value of $135,820.30.

Navigator Price Performance

Shares of NYSE NVGS traded up $0.07 during midday trading on Monday, reaching $22.22. The company's stock had a trading volume of 153,056 shares, compared to its average volume of 417,530. Navigator Holdings Ltd. has a one year low of $14.08 and a one year high of $24.36. The company has a 50 day moving average price of $21.02 and a 200 day moving average price of $20.83. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 0.56 and a beta of 0.46. The company has a current ratio of 1.71, a quick ratio of 1.62 and a debt-to-equity ratio of 0.61.

Navigator (NYSE:NVGS - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The shipping company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.32. The business had revenue of $167.94 million during the quarter, compared to analyst estimates of $139.46 million. Navigator had a return on equity of 10.45% and a net margin of 22.80%. On average, equities research analysts expect that Navigator Holdings Ltd. will post 1.76 EPS for the current year.

Navigator Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.28 dividend on an annualized basis and a yield of 1.3%. Navigator's dividend payout ratio (DPR) is currently 12.90%.

Wall Street Analysts Forecast Growth

NVGS has been the topic of several research reports. Zacks Research lowered shares of Navigator from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Navigator from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, August 5th. Citigroup increased their target price on shares of Navigator from $24.00 to $27.00 and gave the company a "buy" rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen upgraded shares of Navigator from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $23.33.

Hedge Funds Weigh In On Navigator

Institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC raised its position in shares of Navigator by 16.4% during the 1st quarter. Millennium Management LLC now owns 542,756 shares of the shipping company's stock valued at $7,224,000 after buying an additional 76,287 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Navigator by 18.0% in the first quarter. Goldman Sachs Group Inc. now owns 50,885 shares of the shipping company's stock worth $677,000 after purchasing an additional 7,777 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Navigator by 674.7% in the first quarter. Jane Street Group LLC now owns 85,843 shares of the shipping company's stock worth $1,143,000 after purchasing an additional 74,762 shares during the last quarter. Geode Capital Management LLC bought a new stake in Navigator during the 2nd quarter valued at about $5,677,000. Finally, JPMorgan Chase & Co. boosted its position in Navigator by 118.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 79,438 shares of the shipping company's stock valued at $1,124,000 after buying an additional 43,008 shares during the period. Hedge funds and other institutional investors own 18.95% of the company's stock.

About Navigator

Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company's fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator's vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.

Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).

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