Navigator (NYSE:NVGS) Reaches New 52-Week Low - What's Next?

Navigator Holdings Ltd. (NYSE:NVGS - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $13.97 and last traded at $13.99, with a volume of 32438 shares traded. The stock had previously closed at $14.41.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a "buy" rating and set a $20.00 target price on shares of Navigator in a research report on Wednesday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Navigator currently has a consensus rating of "Buy" and a consensus price target of $21.60.

Navigator Price Performance

The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 12.10 and a beta of 1.39. The company's 50-day moving average is $15.96 and its 200-day moving average is $15.86.

Navigator (NYSE:NVGS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The shipping company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. The business had revenue of $144.03 million for the quarter, compared to analyst estimates of $120.87 million. Navigator had a net margin of 14.48% and a return on equity of 7.40%. Equities research analysts predict that Navigator Holdings Ltd. will post 1.25 earnings per share for the current year.

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Navigator Dividend Announcement

The company also recently declared 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 is Monday, March 24th. This represents a $0.20 annualized dividend and a dividend yield of 1.46%. Navigator's dividend payout ratio is 16.67%.

Institutional Trading of Navigator

Several large investors have recently made changes to their positions in the company. Wexford Capital LP boosted its position in shares of Navigator by 36.5% during the 4th quarter. Wexford Capital LP now owns 85,425 shares of the shipping company's stock worth $1,311,000 after acquiring an additional 22,857 shares in the last quarter. State of Wyoming lifted its stake in Navigator by 22.4% in the 4th quarter. State of Wyoming now owns 34,143 shares of the shipping company's stock valued at $524,000 after purchasing an additional 6,244 shares during the last quarter. Man Group plc lifted its stake in Navigator by 159.9% in the 4th quarter. Man Group plc now owns 203,441 shares of the shipping company's stock valued at $3,123,000 after purchasing an additional 125,178 shares during the last quarter. Focus Partners Wealth bought a new position in Navigator in the 4th quarter valued at approximately $554,000. Finally, First Manhattan CO. LLC. lifted its stake in Navigator by 25.1% in the 4th quarter. First Manhattan CO. LLC. now owns 1,034,596 shares of the shipping company's stock valued at $15,881,000 after purchasing an additional 207,851 shares during the last quarter. Institutional investors and hedge funds own 18.95% of the company's stock.

Navigator Company 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.