ExodusPoint Capital Management LP decreased its holdings in shares of Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 43.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,758 shares of the shipping company's stock after selling 30,313 shares during the period. ExodusPoint Capital Management LP owned about 0.05% of Navigator worth $595,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Navigator by 108.6% in the 3rd quarter. FMR LLC now owns 178,600 shares of the shipping company's stock worth $2,870,000 after purchasing an additional 92,999 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of Navigator by 56.6% during the third quarter. Verition Fund Management LLC now owns 26,158 shares of the shipping company's stock valued at $420,000 after acquiring an additional 9,458 shares during the period. Point72 Asset Management L.P. grew its position in shares of Navigator by 754.5% during the third quarter. Point72 Asset Management L.P. now owns 18,800 shares of the shipping company's stock worth $302,000 after acquiring an additional 16,600 shares during the last quarter. XTX Topco Ltd lifted its position in Navigator by 130.7% in the 3rd quarter. XTX Topco Ltd now owns 36,927 shares of the shipping company's stock valued at $593,000 after purchasing an additional 20,923 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Navigator during the 3rd quarter valued at about $408,000. 18.95% of the stock is owned by institutional investors and hedge funds.
Navigator Price Performance
Shares of NYSE:NVGS traded down $0.18 during trading hours on Tuesday, hitting $12.26. 185,236 shares of the company's stock traded hands, compared to its average volume of 218,974. The company's fifty day simple moving average is $14.27 and its two-hundred day simple moving average is $15.36. The company has a market cap of $850.82 million, a price-to-earnings ratio of 10.85 and a beta of 1.07. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.71 and a current ratio of 0.75. Navigator Holdings Ltd. has a 52 week low of $10.55 and a 52 week high of $18.18.
Navigator (NYSE:NVGS - Get Free Report) last issued its earnings results on Wednesday, March 12th. The shipping company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. The firm had revenue of $144.03 million during the quarter, compared to analysts' expectations of $120.87 million. Navigator had a net margin of 14.48% and a return on equity of 7.40%. As a group, equities analysts anticipate that Navigator Holdings Ltd. will post 1.25 EPS for the current fiscal year.
Navigator Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were given a $0.05 dividend. The ex-dividend date was Monday, March 24th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.63%. Navigator's dividend payout ratio (DPR) is 16.67%.
Analysts Set New Price Targets
Separately, Jefferies Financial Group restated a "buy" rating and issued a $20.00 target price on shares of Navigator in a research report on Wednesday, March 12th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $21.60.
Check Out Our Latest Analysis on NVGS
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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