First Sabrepoint Capital Management LP purchased a new stake in shares of Navigator Holdings Ltd. (NYSE:NVGS - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 186,296 shares of the shipping company's stock, valued at approximately $2,994,000. Navigator comprises approximately 0.9% of First Sabrepoint Capital Management LP's holdings, making the stock its 28th biggest position. First Sabrepoint Capital Management LP owned 0.25% of Navigator as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new stake in shares of Navigator during the 2nd quarter valued at about $38,000. Quarry LP purchased a new stake in Navigator in the second quarter worth approximately $48,000. Millburn Ridgefield Corp bought a new stake in Navigator in the 3rd quarter worth approximately $92,000. SG Americas Securities LLC raised its stake in Navigator by 9.1% during the 3rd quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company's stock valued at $132,000 after buying an additional 684 shares during the last quarter. Finally, Perkins Coie Trust Co lifted its holdings in shares of Navigator by 66.7% during the 3rd quarter. Perkins Coie Trust Co now owns 10,000 shares of the shipping company's stock valued at $161,000 after buying an additional 4,000 shares during the period. Institutional investors own 18.95% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms recently commented on NVGS. StockNews.com upgraded Navigator from a "hold" rating to a "buy" rating in a research report on Friday, November 8th. DNB Markets assumed coverage on shares of Navigator in a research note on Thursday, September 12th. They issued a "buy" rating and a $22.00 price objective on the stock. Clarkson Capital upgraded shares of Navigator from a "neutral" rating to a "buy" rating and set a $20.00 target price for the company in a research report on Thursday, August 22nd. Alliance Global Partners assumed coverage on shares of Navigator in a research report on Monday, October 28th. They issued a "buy" rating and a $24.00 price target on the stock. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $20.00 price target on shares of Navigator in a research note on Friday, November 22nd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Navigator presently has an average rating of "Buy" and a consensus target price of $21.60.
View Our Latest Research Report on Navigator
Navigator Stock Performance
Navigator stock traded up $0.18 during midday trading on Tuesday, hitting $15.67. The stock had a trading volume of 88,360 shares, compared to its average volume of 198,220. 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 Holdings Ltd. has a 52-week low of $13.85 and a 52-week high of $18.18. The company has a market capitalization of $1.15 billion, a PE ratio of 13.71 and a beta of 1.47. The firm's fifty day moving average is $15.91 and its two-hundred day moving average is $16.30.
Navigator Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.20 dividend on an annualized basis and a yield of 1.28%. Navigator's dividend payout ratio is presently 17.70%.
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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