Royce & Associates LP grew its position in shares of Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 11.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,001,114 shares of the shipping company's stock after purchasing an additional 102,711 shares during the quarter. Royce & Associates LP owned approximately 1.37% of Navigator worth $15,367,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. First Eagle Investment Management LLC grew its stake in Navigator by 7.9% in the 4th quarter. First Eagle Investment Management LLC now owns 641,745 shares of the shipping company's stock valued at $9,851,000 after acquiring an additional 46,807 shares during the period. Y Intercept Hong Kong Ltd raised its holdings in shares of Navigator by 6.1% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 26,913 shares of the shipping company's stock worth $413,000 after acquiring an additional 1,540 shares during the period. New York State Common Retirement Fund raised its holdings in Navigator by 12.7% in the 4th quarter. New York State Common Retirement Fund now owns 87,249 shares of the shipping company's stock valued at $1,339,000 after buying an additional 9,839 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in Navigator by 21.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 52,267 shares of the shipping company's stock valued at $802,000 after buying an additional 9,160 shares during the period. Finally, Harvey Capital Management Inc. purchased a new stake in Navigator in the 4th quarter valued at about $2,504,000. 18.95% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group reiterated a "buy" rating and set a $20.00 price target on shares of Navigator in a research note on Wednesday, March 12th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $21.60.
View Our Latest Analysis on NVGS
Navigator Stock Performance
Shares of NVGS stock traded up $0.10 during trading hours on Thursday, hitting $14.35. The stock had a trading volume of 321,289 shares, compared to its average volume of 198,176. The firm has a market capitalization of $1.05 billion, a PE ratio of 12.69 and a beta of 1.39. Navigator Holdings Ltd. has a twelve month low of $13.47 and a twelve month high of $18.18. The stock's 50 day moving average is $15.83 and its 200 day moving average is $15.81. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.75 and a quick ratio of 0.71.
Navigator (NYSE:NVGS - Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The shipping company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. The business had revenue of $144.03 million during the quarter, compared to analysts' expectations of $120.87 million. Navigator had a return on equity of 7.40% and a net margin of 14.48%. As a group, research analysts forecast that Navigator Holdings Ltd. will post 1.25 earnings per share for the current fiscal year.
Navigator Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.39%. The ex-dividend date is Monday, March 24th. Navigator's payout ratio is 16.67%.
Navigator Profile
(
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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