JPMorgan Chase & Co. Takes $907,000 Position in Navigator Holdings Ltd. (NYSE:NVGS)

JPMorgan Chase & Co. acquired a new position in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 56,443 shares of the shipping company's stock, valued at approximately $907,000. JPMorgan Chase & Co. owned about 0.08% of Navigator as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Asset Management L.P. purchased a new position in shares of Navigator during the 2nd quarter valued at about $38,000. Quarry LP acquired a new stake in Navigator during the second quarter worth about $48,000. Millburn Ridgefield Corp purchased a new position in Navigator during the third quarter valued at approximately $92,000. SG Americas Securities LLC lifted its holdings in Navigator by 9.1% in the third quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company's stock valued at $132,000 after acquiring an additional 684 shares during the period. Finally, Perkins Coie Trust Co grew its stake 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 worth $161,000 after purchasing an additional 4,000 shares during the period. Institutional investors and hedge funds own 18.95% of the company's stock.

Analyst Upgrades and Downgrades

NVGS has been the topic of several analyst reports. Jefferies Financial Group restated a "buy" rating and set a $20.00 price target on shares of Navigator in a research report on Friday, November 22nd. StockNews.com upgraded Navigator from a "hold" rating to a "buy" rating in a research note on Friday, November 8th. Finally, Alliance Global Partners started coverage on Navigator in a research report on Monday, October 28th. They set a "buy" rating and a $24.00 price target on the stock. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $21.60.

Navigator Price Performance

NYSE:NVGS traded down $0.15 during trading hours on Friday, hitting $16.37. 114,854 shares of the stock were exchanged, compared to its average volume of 143,705. The firm's fifty day moving average price is $15.83 and its 200 day moving average price is $16.01. Navigator Holdings Ltd. has a 52-week low of $14.55 and a 52-week high of $18.18. The company has a market cap of $1.20 billion, a P/E ratio of 14.48 and a beta of 1.46. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Monday, November 25th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Monday, November 25th. Navigator's payout ratio is 17.70%.

Navigator 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.