Cornerstone Investment Partners LLC Has $607,000 Stake in Navigator Holdings Ltd. (NYSE:NVGS)

Cornerstone Investment Partners LLC grew its stake in Navigator Holdings Ltd. (NYSE:NVGS) by 24.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 41,708 shares of the shipping company’s stock after buying an additional 8,114 shares during the period. Cornerstone Investment Partners LLC’s holdings in Navigator were worth $607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Tectonic Advisors LLC boosted its position in shares of Navigator by 6.4% during the 4th quarter. Tectonic Advisors LLC now owns 47,677 shares of the shipping company’s stock valued at $694,000 after acquiring an additional 2,881 shares in the last quarter. Penbrook Management LLC boosted its position in shares of Navigator by 14.6% during the 4th quarter. Penbrook Management LLC now owns 108,900 shares of the shipping company’s stock valued at $1,584,000 after acquiring an additional 13,850 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Navigator during the 4th quarter valued at about $383,000. Toroso Investments LLC boosted its position in shares of Navigator by 7.0% during the 3rd quarter. Toroso Investments LLC now owns 14,964 shares of the shipping company’s stock valued at $221,000 after acquiring an additional 976 shares in the last quarter. Finally, Quadrature Capital Ltd boosted its position in shares of Navigator by 152.8% during the 3rd quarter. Quadrature Capital Ltd now owns 72,370 shares of the shipping company’s stock valued at $1,069,000 after acquiring an additional 43,742 shares in the last quarter. 18.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “buy” rating and set a $20.00 price target on shares of Navigator in a report on Thursday, March 14th.

Navigator Price Performance

Shares of NYSE NVGS traded up $0.15 during trading on Friday, reaching $14.98. The company had a trading volume of 91,197 shares, compared to its average volume of 186,456. Navigator Holdings Ltd. has a 52 week low of $12.32 and a 52 week high of $16.48. The stock has a market cap of $1.10 billion, a PE ratio of 13.36 and a beta of 1.46. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.33 and a current ratio of 1.38. The business’s 50 day moving average price is $15.20 and its 200-day moving average price is $14.93.

Navigator (NYSE:NVGS) last announced its earnings results on Wednesday, March 13th. The shipping company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Navigator had a net margin of 14.94% and a return on equity of 6.96%. The company had revenue of $123.52 million during the quarter, compared to the consensus estimate of $114.37 million. Analysts expect that Navigator Holdings Ltd. will post 1.46 earnings per share for the current year.

Navigator Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Wednesday, April 3rd. Navigator’s dividend payout ratio is presently 18.02%.

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.