Wellington Management Group LLP trimmed its holdings in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 36.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 212,241 shares of the shipping company's stock after selling 122,748 shares during the quarter. Wellington Management Group LLP owned approximately 0.29% of Navigator worth $3,258,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership bought a new position in shares of Navigator during the fourth quarter worth $856,000. New Age Alpha Advisors LLC purchased a new stake in Navigator in the 4th quarter worth $38,000. LPL Financial LLC boosted its holdings in shares of Navigator by 18.5% during the 4th quarter. LPL Financial LLC now owns 12,638 shares of the shipping company's stock valued at $194,000 after purchasing an additional 1,976 shares during the last quarter. Sei Investments Co. grew its position in shares of Navigator by 30.8% during the fourth quarter. Sei Investments Co. now owns 117,108 shares of the shipping company's stock valued at $1,798,000 after purchasing an additional 27,584 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Navigator by 12.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,018 shares of the shipping company's stock worth $445,000 after purchasing an additional 3,303 shares during the last quarter. 18.95% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Jefferies Financial Group reissued a "buy" rating and set a $20.00 price target on shares of Navigator in a research note on Wednesday, March 12th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Navigator presently has an average rating of "Buy" and an average target price of $21.60.
View Our Latest Research Report on Navigator
Navigator Trading Down 1.4 %
NVGS stock traded down $0.18 during midday trading on Tuesday, reaching $12.26. 185,236 shares of the company traded hands, compared to its average volume of 218,974. The firm has a market capitalization of $850.82 million, a price-to-earnings ratio of 10.85 and a beta of 1.07. Navigator Holdings Ltd. has a 52-week low of $10.55 and a 52-week high of $18.18. The business has a 50 day moving average of $14.27 and a 200-day moving average of $15.36. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.71 and a current ratio of 0.75.
Navigator (NYSE:NVGS - Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The shipping company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.01. The company had revenue of $144.03 million for the quarter, compared to analyst estimates of $120.87 million. Navigator had a return on equity of 7.40% and a net margin of 14.48%. As a group, sell-side analysts expect that Navigator Holdings Ltd. will post 1.25 earnings per share for the current fiscal year.
Navigator Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Monday, March 24th. Navigator's dividend payout ratio (DPR) is currently 16.67%.
Navigator Company 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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