Moors & Cabot Inc. bought a new stake in shares of Navigator Holdings Ltd. (NYSE:NVGS - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 75,300 shares of the shipping company's stock, valued at approximately $1,210,000. Moors & Cabot Inc. owned 0.10% of Navigator at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Graham Capital Wealth Management LLC purchased a new stake in Navigator during the 3rd quarter valued at about $3,444,000. Sei Investments Co. raised its position in Navigator by 108.6% during the 2nd quarter. Sei Investments Co. now owns 70,256 shares of the shipping company's stock valued at $1,227,000 after purchasing an additional 36,571 shares during the last quarter. Evergreen Capital Management LLC raised its position in Navigator by 266.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 42,995 shares of the shipping company's stock valued at $751,000 after purchasing an additional 31,250 shares during the last quarter. Acadian Asset Management LLC raised its position in Navigator by 32.8% during the 2nd quarter. Acadian Asset Management LLC now owns 1,442,150 shares of the shipping company's stock valued at $25,146,000 after purchasing an additional 356,134 shares during the last quarter. Finally, Ghisallo Capital Management LLC bought a new position in Navigator during the 2nd quarter valued at approximately $1,746,000. 18.95% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
NVGS has been the subject of a number of recent analyst reports. Citigroup initiated coverage on Navigator in a research report on Wednesday, July 31st. They set a "buy" rating and a $22.00 price target for the company. DNB Markets initiated coverage on Navigator in a research report on Thursday, September 12th. They set a "buy" rating and a $22.00 price target for the company. StockNews.com raised Navigator from a "hold" rating to a "buy" rating in a research report on Friday, November 8th. Clarkson Capital raised 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. Finally, Alliance Global Partners started coverage on Navigator in a research report on Monday, October 28th. They issued a "buy" rating and a $24.00 target price for the company. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $21.60.
Check Out Our Latest Report on NVGS
Navigator Stock Performance
Shares of NVGS stock traded up $0.40 on Friday, reaching $16.32. The stock had a trading volume of 175,626 shares, compared to its average volume of 199,560. The stock has a market cap of $1.19 billion, a P/E ratio of 14.44 and a beta of 1.50. Navigator Holdings Ltd. has a 1 year low of $13.85 and a 1 year high of $18.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.71 and a current ratio of 0.75. The company has a 50 day simple moving average of $16.02 and a 200 day simple moving average of $16.37.
Navigator Dividend Announcement
The business also recently disclosed 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. This represents a $0.20 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Monday, November 25th. Navigator's dividend payout ratio (DPR) is presently 17.70%.
Navigator 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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