Insider Selling: Navigator (NYSE:NVGS) Insider Sells $162,600.00 in Stock

Navigator Holdings Ltd. (NYSE:NVGS) 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 of the company’s stock, valued at approximately $157,093.28. This trade represents a 50.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 Stock Up 0.3%

Shares of NVGS stock traded up $0.07 on Monday, hitting $22.22. The stock had a trading volume of 153,056 shares, compared to its average volume of 417,530. The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 0.61. Navigator Holdings Ltd. has a one year low of $14.08 and a one year high of $24.36. The business 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 PE ratio of 10.24, a P/E/G ratio of 0.56 and a beta of 0.46.

Navigator (NYSE:NVGS) last posted its quarterly earnings results on Wednesday, August 5th. The shipping company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.53 by $0.32. Navigator had a net margin of 22.80% and a return on equity of 10.45%. The business had revenue of $167.94 million during the quarter, compared to analyst estimates of $139.46 million. Research analysts anticipate that Navigator Holdings Ltd. will post 1.76 earnings per share for the current fiscal year.

Navigator Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, August 19th. Navigator’s payout ratio is presently 12.90%.

Wall Street Analyst Weigh In

A number of brokerages have commented on NVGS. Zacks Research downgraded shares of Navigator from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Wall Street Zen raised shares of Navigator from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Citigroup raised their price objective on Navigator from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings raised Navigator from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.33.

Institutional Investors Weigh In On Navigator

Several large investors have recently made changes to their positions in the company. TD Waterhouse Canada Inc. increased its position in Navigator by 1,124.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,677 shares of the shipping company’s stock valued at $29,000 after acquiring an additional 1,540 shares in the last quarter. California State Teachers Retirement System acquired a new stake in Navigator during the 2nd quarter worth $29,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Navigator by 2,794.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,055 shares of the shipping company’s stock worth $32,000 after purchasing an additional 1,984 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Navigator during the third quarter worth $43,000. Finally, Legal & General Group Plc acquired a new stake in shares of Navigator in the 2nd quarter valued at about $42,000. 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).