Navigator Holdings Ltd. (NYSE:NVGS) Shares Sold by Centiva Capital LP

Centiva Capital LP decreased its position in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 89.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,665 shares of the shipping company's stock after selling 147,053 shares during the quarter. Centiva Capital LP's holdings in Navigator were worth $268,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new position in shares of Navigator in the second quarter worth about $38,000. Quarry LP purchased a new stake in Navigator during the 2nd quarter worth approximately $48,000. SG Americas Securities LLC raised its position in shares of Navigator by 9.1% in the 3rd quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company's stock valued at $132,000 after purchasing an additional 684 shares in the last quarter. Perkins Coie Trust Co boosted 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 valued at $161,000 after buying an additional 4,000 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Navigator during the third quarter worth approximately $273,000. Hedge funds and other institutional investors own 18.95% of the company's stock.

Navigator Stock Performance

NVGS stock traded down $0.02 during midday trading on Thursday, reaching $15.51. The company had a trading volume of 148,143 shares, compared to its average volume of 197,857. 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 50 day moving average price of $15.86 and a 200 day moving average price of $16.27. The firm has a market capitalization of $1.13 billion, a PE ratio of 13.72 and a beta of 1.47. Navigator Holdings Ltd. has a fifty-two week low of $13.94 and a fifty-two week high of $18.18.

Navigator Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Monday, November 25th will be paid 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 1.29%. Navigator's payout ratio is currently 17.70%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NVGS shares. DNB Markets assumed coverage on shares of Navigator in a research note on Thursday, September 12th. They set a "buy" rating and a $22.00 price objective on the stock. Alliance Global Partners began coverage on Navigator in a research note on Monday, October 28th. They issued a "buy" rating and a $24.00 price target for the company. Clarkson Capital upgraded Navigator from a "neutral" rating to a "buy" rating and set a $20.00 price objective on the stock in a research note on Thursday, August 22nd. StockNews.com upgraded Navigator from a "hold" rating to a "buy" rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group restated a "buy" rating and set a $20.00 price objective 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, the stock currently has a consensus rating of "Buy" and a consensus price target 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.