Magnetar Financial LLC Takes $361,000 Position in Navigator Holdings Ltd. (NYSE:NVGS)

Magnetar Financial LLC purchased a new position in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,540 shares of the shipping company's stock, valued at approximately $361,000.

Several other institutional investors and hedge funds also recently bought and sold shares of NVGS. Y Intercept Hong Kong Ltd raised its holdings in shares of Navigator by 6.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 26,913 shares of the shipping company's stock worth $413,000 after buying an additional 1,540 shares during the period. Quarry LP increased its stake in Navigator by 61.0% in the third quarter. Quarry LP now owns 4,383 shares of the shipping company's stock worth $70,000 after purchasing an additional 1,661 shares during the period. Barclays PLC lifted its position in shares of Navigator by 10.7% during the third quarter. Barclays PLC now owns 19,640 shares of the shipping company's stock worth $316,000 after purchasing an additional 1,895 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Navigator during the fourth quarter valued at $31,000. Finally, Tectonic Advisors LLC grew its holdings in shares of Navigator by 5.1% in the fourth quarter. Tectonic Advisors LLC now owns 67,173 shares of the shipping company's stock worth $1,031,000 after purchasing an additional 3,273 shares during the last quarter. 18.95% of the stock is owned by hedge funds and other institutional investors.

Navigator Stock Down 1.1 %

NYSE:NVGS traded down $0.15 during mid-day trading on Tuesday, reaching $13.78. The company's stock had a trading volume of 190,194 shares, compared to its average volume of 199,601. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.45. The stock has a fifty day moving average of $15.66 and a 200-day moving average of $15.76. Navigator Holdings Ltd. has a 1 year low of $13.47 and a 1 year high of $18.18. The firm has a market capitalization of $1.01 billion, a PE ratio of 12.19 and a beta of 1.39.

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Navigator (NYSE:NVGS - Get Free Report) last posted 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 company had revenue of $144.03 million during the quarter, compared to analyst estimates of $120.87 million. Navigator had a return on equity of 7.40% and a net margin of 14.48%. Equities research analysts forecast that Navigator Holdings Ltd. will post 1.25 earnings per share for the current year.

Navigator Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors 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 dividend on an annualized basis and a yield of 1.45%. Navigator's payout ratio is 16.67%.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a "buy" rating and issued a $20.00 price objective on shares of Navigator in a research report on Wednesday, March 12th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Navigator presently has an average rating of "Buy" and a consensus target price of $21.60.

About Navigator

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.