Navigator (NYSE:NVGS) Shares Up 2.9%

Shares of Navigator Holdings Ltd. (NYSE:NVGS) traded up 2.9% on Tuesday . The company traded as high as $17.27 and last traded at $17.24. 146,060 shares changed hands during trading, a decline of 21% from the average session volume of 185,977 shares. The stock had previously closed at $16.76.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NVGS shares. Jefferies Financial Group restated a “buy” rating and set a $20.00 price objective on shares of Navigator in a research report on Thursday, March 14th. StockNews.com raised shares of Navigator from a “hold” rating to a “buy” rating in a research report on Tuesday.

Navigator Stock Down 0.1 %

The company has a current ratio of 1.15, a quick ratio of 1.33 and a debt-to-equity ratio of 0.52. The business has a 50 day moving average of $15.50 and a 200-day moving average of $15.20. The stock has a market cap of $1.24 billion, a PE ratio of 14.46 and a beta of 1.45.

Navigator (NYSE:NVGS) last released its quarterly earnings results on Wednesday, March 13th. The shipping company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The firm had revenue of $123.52 million during the quarter, compared to the consensus estimate of $114.37 million. Navigator had a net margin of 15.68% and a return on equity of 6.86%. Equities research analysts predict that Navigator Holdings Ltd. will post 1.42 EPS for the current fiscal year.

Navigator Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, June 4th. This represents a $0.20 dividend on an annualized basis and a yield of 1.18%. Navigator’s payout ratio is 17.09%.

Institutional Trading of Navigator

Several institutional investors and hedge funds have recently modified their holdings of NVGS. CWM LLC purchased a new position in shares of Navigator during the 4th quarter worth $54,000. Quantbot Technologies LP purchased a new position in Navigator during the third quarter worth about $122,000. Semanteon Capital Management LP acquired a new stake in Navigator in the 4th quarter worth about $221,000. Aristides Capital LLC purchased a new stake in Navigator in the 1st quarter valued at about $252,000. Finally, Corton Capital Inc. acquired a new position in shares of Navigator during the 3rd quarter valued at about $254,000. Hedge funds and other institutional investors own 18.95% of the company’s stock.

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.