Wellington Management Group LLP Sells 122,748 Shares of Navigator Holdings Ltd. (NYSE:NVGS)

Wellington Management Group LLP reduced its position in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 36.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 212,241 shares of the shipping company's stock after selling 122,748 shares during the period. Wellington Management Group LLP owned about 0.29% of Navigator worth $3,258,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership acquired a new stake in Navigator during the 4th quarter worth about $856,000. New Age Alpha Advisors LLC acquired a new stake in shares of Navigator during the fourth quarter worth approximately $38,000. LPL Financial LLC grew its position in Navigator by 18.5% during the fourth quarter. LPL Financial LLC now owns 12,638 shares of the shipping company's stock valued at $194,000 after purchasing an additional 1,976 shares in the last quarter. Sei Investments Co. increased its stake in Navigator by 30.8% in the 4th quarter. Sei Investments Co. now owns 117,108 shares of the shipping company's stock valued at $1,798,000 after buying an additional 27,584 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Navigator by 12.8% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,018 shares of the shipping company's stock worth $445,000 after buying an additional 3,303 shares in the last quarter. Institutional investors and hedge funds own 18.95% of the company's stock.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a "buy" rating and set a $20.00 price target on shares of Navigator in a report on Wednesday, March 12th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $21.60.

Navigator Stock Up 1.5 %

Shares of NVGS traded up $0.19 during mid-day trading on Thursday, hitting $12.53. 45,879 shares of the company's stock were exchanged, compared to its average volume of 219,137. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.45. Navigator Holdings Ltd. has a twelve month low of $10.55 and a twelve month high of $18.18. The firm has a fifty day moving average of $14.09 and a two-hundred day moving average of $15.32. The stock has a market cap of $869.35 million, a price-to-earnings ratio of 11.11 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 the consensus estimate of $0.37 by $0.01. Navigator had a return on equity of 7.40% and a net margin of 14.48%. The company had revenue of $144.03 million during the quarter, compared to the consensus estimate of $120.87 million. On average, sell-side analysts forecast that Navigator Holdings Ltd. will post 1.25 earnings per share for the current year.

Navigator Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Monday, March 24th. Navigator's payout ratio is 16.67%.

Navigator 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.