Graham Capital Wealth Management LLC acquired a new stake in shares of Navigator Holdings Ltd. (NYSE:NVGS - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 214,298 shares of the shipping company's stock, valued at approximately $3,444,000. Navigator makes up about 3.5% of Graham Capital Wealth Management LLC's portfolio, making the stock its 7th biggest position. Graham Capital Wealth Management LLC owned approximately 0.29% of Navigator at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Acadian Asset Management LLC boosted its position in shares of Navigator by 32.8% during the second 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 in the last quarter. Encompass Capital Advisors LLC bought a new stake in shares of Navigator during the 2nd quarter valued at $23,571,000. Renaissance Technologies LLC boosted its holdings in shares of Navigator by 15.8% during the 2nd quarter. Renaissance Technologies LLC now owns 787,700 shares of the shipping company's stock valued at $13,753,000 after buying an additional 107,300 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Navigator by 17.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 673,500 shares of the shipping company's stock worth $10,338,000 after buying an additional 102,224 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Navigator by 14.4% in the 2nd quarter. Millennium Management LLC now owns 661,288 shares of the shipping company's stock worth $11,546,000 after acquiring an additional 83,344 shares in the last quarter. Hedge funds and other institutional investors own 18.95% of the company's stock.
Navigator Stock Up 0.4 %
NYSE NVGS traded up $0.06 during mid-day trading on Friday, reaching $15.85. The stock had a trading volume of 142,651 shares, compared to its average volume of 199,981. The stock has a market cap of $1.16 billion, a PE ratio of 14.03 and a beta of 1.49. Navigator Holdings Ltd. has a 1 year low of $13.72 and a 1 year high of $18.18. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 1.13. The company has a fifty day moving average price of $16.13 and a 200 day moving average price of $16.30.
Navigator (NYSE:NVGS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The shipping company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $129.55 million during the quarter, compared to analysts' expectations of $117.92 million. Navigator had a return on equity of 7.35% and a net margin of 14.76%. On average, research analysts expect that Navigator Holdings Ltd. will post 1.38 earnings per share for the current year.
Navigator Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Tuesday, September 3rd. Navigator's dividend payout ratio is currently 17.70%.
Analyst Ratings Changes
Several research firms recently commented on NVGS. Jefferies Financial Group reissued a "buy" rating and set a $20.00 price objective on shares of Navigator in a research note on Thursday, August 15th. StockNews.com downgraded Navigator from a "buy" rating to a "hold" rating in a research note on Monday, October 14th. DNB Markets began coverage on Navigator in a research note on Thursday, September 12th. They set a "buy" rating and a $22.00 price objective for the company. Citigroup initiated coverage on Navigator in a report on Wednesday, July 31st. They issued a "buy" rating and a $22.00 target price on the stock. Finally, Clarkson Capital upgraded Navigator from a "neutral" rating to a "buy" rating and set a $20.00 price target for the company in a report on Thursday, August 22nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $21.00.
Check Out Our Latest Stock Analysis on Navigator
About Navigator
(
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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