Quarry LP Has $70,000 Stake in Navigator Holdings Ltd. (NYSE:NVGS)

Quarry LP increased its holdings in Navigator Holdings Ltd. (NYSE:NVGS) by 61.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,383 shares of the shipping company’s stock after buying an additional 1,661 shares during the period. Quarry LP’s holdings in Navigator were worth $70,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new stake in shares of Navigator in the second quarter valued at approximately $38,000. Millburn Ridgefield Corp bought a new position in Navigator in the third quarter valued at approximately $92,000. SG Americas Securities LLC increased its stake in Navigator by 9.1% in the third quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company’s stock valued at $132,000 after acquiring an additional 684 shares during the last quarter. Perkins Coie Trust Co increased its stake in Navigator by 66.7% in the third quarter. Perkins Coie Trust Co now owns 10,000 shares of the shipping company’s stock valued at $161,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Navigator in the third quarter valued at approximately $273,000. 18.95% of the stock is currently owned by institutional investors and hedge funds.

Navigator Stock Performance

NYSE NVGS opened at $15.38 on Monday. The firm’s fifty day moving average price is $15.93 and its two-hundred day moving average price is $16.31. The stock has a market cap of $1.13 billion, a PE ratio of 13.61 and a beta of 1.47. Navigator Holdings Ltd. has a fifty-two week low of $13.85 and a fifty-two week high of $18.18. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, November 25th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.30%. Navigator’s payout ratio is presently 17.70%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Alliance Global Partners assumed coverage on shares of Navigator in a research note on Monday, October 28th. They issued a “buy” rating and a $24.00 price objective on the stock. DNB Markets assumed coverage on shares of Navigator in a research note on Thursday, September 12th. They issued a “buy” rating and a $22.00 price objective on the stock. Clarkson Capital raised shares of Navigator from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Thursday, August 22nd. Jefferies Financial Group reissued a “buy” rating and issued a $20.00 price objective on shares of Navigator in a research note on Friday, November 22nd. Finally, StockNews.com raised shares of Navigator from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $21.60.

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.