First Eagle Investment Management LLC Acquires 46,807 Shares of Navigator Holdings Ltd. (NYSE:NVGS)

First Eagle Investment Management LLC grew its position in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 7.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 641,745 shares of the shipping company's stock after buying an additional 46,807 shares during the period. First Eagle Investment Management LLC owned approximately 0.88% of Navigator worth $9,851,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Navigator in the 4th quarter valued at $31,000. Quarry LP grew its holdings in shares of Navigator by 61.0% in the 3rd quarter. Quarry LP now owns 4,383 shares of the shipping company's stock valued at $70,000 after buying an additional 1,661 shares during the period. Millburn Ridgefield Corp acquired a new position in shares of Navigator in the 3rd quarter valued at $92,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Navigator in the 3rd quarter valued at $273,000. Finally, Quantbot Technologies LP grew its holdings in shares of Navigator by 255.4% in the 3rd quarter. Quantbot Technologies LP now owns 17,602 shares of the shipping company's stock valued at $283,000 after buying an additional 12,649 shares during the period. Institutional investors and hedge funds own 18.95% of the company's stock.

Navigator Stock Up 1.9 %

NVGS traded up $0.27 during trading on Wednesday, hitting $14.21. The company had a trading volume of 281,312 shares, compared to its average volume of 197,200. The company has a market capitalization of $1.04 billion, a PE ratio of 12.58 and a beta of 1.39. Navigator Holdings Ltd. has a one year low of $13.47 and a one year high of $18.18. The firm's 50-day moving average price is $15.88 and its 200 day moving average price is $15.82. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.45.

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Navigator (NYSE:NVGS - Get Free Report) last posted its quarterly earnings data on Wednesday, March 12th. The shipping company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. Navigator had a net margin of 14.48% and a return on equity of 7.40%. The business had revenue of $144.03 million for the quarter, compared to analysts' expectations of $120.87 million. As a group, equities analysts expect that Navigator Holdings Ltd. will post 1.25 earnings per share for the current year.

Navigator Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $0.20 annualized dividend and a yield of 1.41%. Navigator's dividend payout ratio (DPR) is presently 16.67%.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a "buy" rating and issued a $20.00 price objective 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 MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $21.60.

Navigator Company Profile

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.