First Eagle Investment Management LLC Has $9.85 Million Holdings in Navigator Holdings Ltd. (NYSE:NVGS)

First Eagle Investment Management LLC raised its holdings in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 641,745 shares of the shipping company’s stock after purchasing an additional 46,807 shares during the period. First Eagle Investment Management LLC owned 0.88% of Navigator worth $9,851,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd raised its position in shares of Navigator by 6.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 26,913 shares of the shipping company’s stock valued at $413,000 after acquiring an additional 1,540 shares during the period. Quarry LP raised its position in shares of Navigator by 61.0% in the 3rd quarter. Quarry LP now owns 4,383 shares of the shipping company’s stock valued at $70,000 after acquiring an additional 1,661 shares during the period. Barclays PLC raised its position in shares of Navigator by 10.7% in the 3rd quarter. Barclays PLC now owns 19,640 shares of the shipping company’s stock valued at $316,000 after acquiring an additional 1,895 shares during the period. R Squared Ltd acquired a new stake in shares of Navigator in the 4th quarter valued at approximately $31,000. Finally, Tectonic Advisors LLC raised its position in shares of Navigator by 5.1% in the 4th quarter. Tectonic Advisors LLC now owns 67,173 shares of the shipping company’s stock valued at $1,031,000 after acquiring an additional 3,273 shares during the period. 18.95% of the stock is currently owned by institutional investors and hedge funds.

Navigator Stock Performance

Shares of NVGS stock opened at $13.68 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.71 and a current ratio of 0.75. The company has a market capitalization of $1.00 billion, a P/E ratio of 12.10 and a beta of 1.39. The company’s 50 day moving average price is $15.96 and its two-hundred day moving average price is $15.86. Navigator Holdings Ltd. has a 52 week low of $13.47 and a 52 week high of $18.18.

Navigator (NYSE:NVGS) last announced its 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 firm had revenue of $144.03 million for the quarter, compared to the consensus estimate of $120.87 million. Navigator had a net margin of 14.48% and a return on equity of 7.40%. On average, analysts expect that Navigator Holdings Ltd. will post 1.25 earnings per share for the current fiscal year.

Navigator Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, March 24th. This represents a $0.20 annualized dividend and a yield of 1.46%. Navigator’s dividend payout ratio (DPR) is currently 16.67%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a $20.00 price target on shares of Navigator in a research report on Wednesday. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $21.60.

About Navigator

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.