Navigator (NYSE:NVGS) Shares Down 5.4%

Navigator Holdings Ltd. (NYSE:NVGSGet Free Report) shares traded down 5.4% during trading on Wednesday . The stock traded as low as $16.85 and last traded at $16.85. 196,432 shares traded hands during mid-day trading, an increase of 2% from the average session volume of 192,352 shares. The stock had previously closed at $17.82.

Analysts Set New Price Targets

NVGS has been the subject of several recent research reports. StockNews.com upgraded shares of Navigator from a “hold” rating to a “buy” rating in a report on Tuesday. Jefferies Financial Group reiterated a “buy” rating and set a $20.00 target price on shares of Navigator in a report on Thursday, March 14th.

View Our Latest Report on NVGS

Navigator Stock Up 2.2 %

The company has a market cap of $1.27 billion, a P/E ratio of 14.74 and a beta of 1.45. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.15 and a quick ratio of 1.33. The company’s 50-day moving average is $15.56 and its two-hundred day moving average is $15.22.

Navigator (NYSE:NVGSGet Free Report) last posted its earnings results on Wednesday, March 13th. The shipping company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Navigator had a net margin of 15.68% and a return on equity of 6.86%. The business had revenue of $123.52 million during the quarter, compared to the consensus estimate of $114.37 million. As a group, equities analysts predict that Navigator Holdings Ltd. will post 1.42 earnings per share for the current fiscal year.

Navigator Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Tuesday, June 4th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Tuesday, June 4th. Navigator’s dividend payout ratio (DPR) is 17.09%.

Institutional Trading of Navigator

Several hedge funds have recently bought and sold shares of the stock. Hodges Capital Management Inc. lifted its stake in Navigator by 1.3% in the 3rd quarter. Hodges Capital Management Inc. now owns 128,735 shares of the shipping company’s stock worth $1,901,000 after purchasing an additional 1,645 shares in the last quarter. Barclays PLC lifted its stake in Navigator by 8.0% in the 3rd quarter. Barclays PLC now owns 26,245 shares of the shipping company’s stock worth $387,000 after purchasing an additional 1,946 shares in the last quarter. Tectonic Advisors LLC lifted its stake in Navigator by 6.4% in the 4th quarter. Tectonic Advisors LLC now owns 47,677 shares of the shipping company’s stock worth $694,000 after purchasing an additional 2,881 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Navigator by 13.5% during the 1st quarter. SG Americas Securities LLC now owns 29,884 shares of the shipping company’s stock valued at $459,000 after buying an additional 3,546 shares in the last quarter. Finally, CWM LLC purchased a new stake in shares of Navigator during the 4th quarter valued at about $54,000. Hedge funds and other institutional investors own 18.95% of the company’s stock.

Navigator Company Profile

(Get Free Report)

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.

Further Reading

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