Arrowstreet Capital Limited Partnership bought a new stake in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 55,735 shares of the shipping company's stock, valued at approximately $856,000. Arrowstreet Capital Limited Partnership owned about 0.08% of Navigator as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Harvey Capital Management Inc. acquired a new stake in shares of Navigator during the fourth quarter worth about $2,504,000. Hodges Capital Management Inc. lifted its position in Navigator by 24.8% during the 4th quarter. Hodges Capital Management Inc. now owns 686,148 shares of the shipping company's stock worth $10,532,000 after acquiring an additional 136,160 shares during the period. Royce & Associates LP grew its stake in shares of Navigator by 11.4% in the 4th quarter. Royce & Associates LP now owns 1,001,114 shares of the shipping company's stock valued at $15,367,000 after purchasing an additional 102,711 shares during the last quarter. FMR LLC increased its holdings in shares of Navigator by 108.6% in the third quarter. FMR LLC now owns 178,600 shares of the shipping company's stock valued at $2,870,000 after purchasing an additional 92,999 shares during the period. Finally, Gagnon Securities LLC increased its holdings 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 valued at $13,088,000 after purchasing an additional 57,966 shares during the period. 18.95% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group reiterated a "buy" rating and issued a $20.00 price objective on shares of Navigator in a research report on Wednesday, March 12th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $21.60.
Check Out Our Latest Analysis on NVGS
Navigator Price Performance
Shares of NVGS traded down $0.18 during trading hours on Tuesday, reaching $12.26. The company had a trading volume of 185,236 shares, compared to its average volume of 218,974. The company has a market capitalization of $850.82 million, a price-to-earnings ratio of 10.85 and a beta of 1.07. Navigator Holdings Ltd. has a 12-month low of $10.55 and a 12-month high of $18.18. The firm has a 50 day simple moving average of $14.27 and a 200-day simple moving average of $15.36. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45.
Navigator (NYSE:NVGS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The shipping company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.01. The company had revenue of $144.03 million during the quarter, compared to the consensus estimate of $120.87 million. Navigator had a net margin of 14.48% and a return on equity of 7.40%. Research analysts expect that Navigator Holdings Ltd. will post 1.25 earnings per share for the current year.
Navigator Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th were given a dividend of $0.05 per share. The ex-dividend date was Monday, March 24th. This represents a $0.20 dividend on an annualized basis and a yield of 1.63%. Navigator's payout ratio is 16.67%.
Navigator Company Profile
(
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.
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