Navigator (NYSE:NVGS) Share Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Shares of Navigator Holdings Ltd. (NYSE:NVGS - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.13 and traded as low as $12.32. Navigator shares last traded at $12.82, with a volume of 346,151 shares changing hands.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a "buy" rating and set a $20.00 price objective on shares of Navigator in a research note on Wednesday, March 12th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Navigator presently has an average rating of "Buy" and an average target price of $21.60.

Navigator Stock Up 1.3 %

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 company's 50 day simple moving average is $13.32 and its 200-day simple moving average is $15.06. The firm has a market cap of $892.46 million, a P/E ratio of 11.40 and a beta of 1.07.

Navigator (NYSE:NVGS - Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The shipping company reported $0.38 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $120.87 million. Research analysts forecast that Navigator Holdings Ltd. will post 1.25 earnings per share for the current fiscal year.

Navigator Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Monday, March 24th. Navigator's dividend payout ratio (DPR) is presently 16.67%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC raised 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 purchasing an additional 1,895 shares during the period. JPMorgan Chase & Co. purchased a new stake in Navigator in the 3rd quarter worth approximately $907,000. R Squared Ltd purchased a new position in Navigator during the fourth quarter valued at approximately $31,000. Gagnon Securities LLC increased its stake in shares of Navigator by 7.3% in the fourth 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 in the last quarter. Finally, Graham Capital Wealth Management LLC raised its position in shares of Navigator by 1.7% during the 4th quarter. Graham Capital Wealth Management LLC now owns 217,979 shares of the shipping company's stock valued at $3,346,000 after purchasing an additional 3,681 shares during the period. Hedge funds and other institutional investors own 18.95% of the company's stock.

Navigator Company Profile

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.