Navigator Holdings Ltd. (NYSE:NVGS - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $16.14 and traded as high as $16.69. Navigator shares last traded at $16.38, with a volume of 246,624 shares traded.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on NVGS. DNB Markets assumed coverage on Navigator in a research note on Thursday, September 12th. They issued a "buy" rating and a $22.00 price objective on the stock. StockNews.com cut Navigator from a "buy" rating to a "hold" rating in a report on Monday, October 14th. Clarkson Capital upgraded shares of Navigator from a "neutral" rating to a "buy" rating and set a $20.00 price objective for the company in a research note on Thursday, August 22nd. Citigroup assumed coverage on shares of Navigator in a research note on Wednesday, July 31st. They set a "buy" rating and a $22.00 target price on the stock. Finally, Jefferies Financial Group restated a "buy" rating and issued a $20.00 price target on shares of Navigator in a report on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $21.00.
View Our Latest Research Report on NVGS
Navigator Trading Down 1.2 %
The company has a market capitalization of $1.18 billion, a P/E ratio of 13.83 and a beta of 1.49. The company has a quick ratio of 1.13, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The firm's 50-day moving average price is $16.14 and its 200 day moving average price is $16.28.
Navigator (NYSE:NVGS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $129.55 million during the quarter, compared to the consensus estimate of $117.92 million. Navigator had a return on equity of 7.35% and a net margin of 14.76%. As a group, equities research analysts predict that Navigator Holdings Ltd. will post 1.38 earnings per share for the current year.
Navigator Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 1.24%. Navigator's dividend payout ratio (DPR) is currently 17.09%.
Institutional Trading of Navigator
A number of large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its holdings in Navigator by 1.7% in the 4th quarter. Wellington Management Group LLP now owns 252,187 shares of the shipping company's stock worth $3,669,000 after acquiring an additional 4,208 shares during the last quarter. Hodges Capital Management Inc. grew its stake in Navigator by 89.3% in the 1st quarter. Hodges Capital Management Inc. now owns 522,535 shares of the shipping company's stock valued at $8,021,000 after buying an additional 246,505 shares in the last quarter. SG Americas Securities LLC raised its holdings in Navigator by 13.5% during the 1st quarter. SG Americas Securities LLC now owns 29,884 shares of the shipping company's stock valued at $459,000 after acquiring an additional 3,546 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in shares of Navigator by 17.9% in the first quarter. Oppenheimer & Co. Inc. now owns 673,500 shares of the shipping company's stock worth $10,338,000 after acquiring an additional 102,224 shares during the period. Finally, Tectonic Advisors LLC grew its position in shares of Navigator by 21.6% in the first quarter. Tectonic Advisors LLC now owns 57,968 shares of the shipping company's stock valued at $890,000 after purchasing an additional 10,291 shares in the last quarter. Hedge funds and other institutional investors own 18.95% of the company's stock.
About Navigator
(
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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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