Navigator (NYSE:NVGS) Stock Passes Below Fifty Day Moving Average - Time to Sell?

Navigator Holdings Ltd. (NYSE:NVGS - Get Free Report) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $15.58 and traded as low as $14.82. Navigator shares last traded at $15.11, with a volume of 157,488 shares changing hands.

Analysts Set New Price Targets

A number of research firms have commented on NVGS. Alliance Global Partners assumed coverage on shares of Navigator in a research report on Monday, October 28th. They set a "buy" rating and a $24.00 price objective for the company. DNB Markets began coverage on shares of Navigator in a report on Thursday, September 12th. They set a "buy" rating and a $22.00 target price for the company. Jefferies Financial Group reiterated a "buy" rating and issued a $20.00 price target on shares of Navigator in a research note on Friday, November 22nd. Finally, StockNews.com upgraded shares of Navigator from a "hold" rating to a "buy" rating in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $21.60.

Navigator Trading Up 1.6 %

The company has a debt-to-equity ratio of 0.45, a current ratio of 0.75 and a quick ratio of 0.71. The firm has a market capitalization of $1.12 billion, a P/E ratio of 13.58 and a beta of 1.47. The business's 50-day moving average is $15.56 and its 200 day moving average is $16.10.

Navigator Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Monday, November 25th were given a $0.05 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.30%. Navigator's payout ratio is 17.70%.

Institutional Trading of Navigator

Several large investors have recently modified their holdings of the stock. Point72 Asset Management L.P. acquired a new stake in shares of Navigator during the 2nd quarter worth approximately $38,000. Quarry LP bought a new stake in Navigator during the second quarter worth $48,000. Millburn Ridgefield Corp acquired a new stake in shares of Navigator in the 3rd quarter valued at $92,000. SG Americas Securities LLC increased its stake 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 during the last quarter. Finally, Perkins Coie Trust Co raised its holdings 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 buying an additional 4,000 shares in the last quarter. 18.95% of the stock is owned by institutional investors and hedge funds.

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.