Navigator (NYSE:NVGS) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Navigator (NYSE:NVGSFree Report) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

Separately, Jefferies Financial Group reissued a buy rating and issued a $20.00 price target on shares of Navigator in a research note on Thursday, March 14th.

Read Our Latest Research Report on Navigator

Navigator Trading Up 6.3 %

Shares of Navigator stock opened at $17.82 on Tuesday. The company’s 50-day moving average price is $15.50 and its 200-day moving average price is $15.20. The company has a current ratio of 1.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.59. Navigator has a 12-month low of $12.33 and a 12-month high of $17.82. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 15.23 and a beta of 1.45.

Navigator (NYSE:NVGSGet Free Report) last issued its quarterly earnings data on Wednesday, March 13th. The shipping company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $123.52 million for the quarter, compared to the consensus estimate of $114.37 million. Navigator had a return on equity of 6.91% and a net margin of 15.68%. On average, equities analysts expect that Navigator will post 1.42 earnings per share for the current fiscal year.

Navigator Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 4th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Tuesday, June 4th. Navigator’s dividend payout ratio (DPR) is presently 17.09%.

Institutional Trading of Navigator

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC boosted its stake in shares of Navigator by 18.4% during the first quarter. Tidal Investments LLC now owns 34,013 shares of the shipping company’s stock valued at $522,000 after purchasing an additional 5,285 shares during the period. Levin Capital Strategies L.P. boosted its position in Navigator by 74.7% in the first quarter. Levin Capital Strategies L.P. now owns 22,449 shares of the shipping company’s stock worth $345,000 after purchasing an additional 9,600 shares during the last quarter. Aristides Capital LLC purchased a new position in Navigator in the first quarter worth about $252,000. MQS Management LLC lifted its position in shares of Navigator by 62.8% during the 1st quarter. MQS Management LLC now owns 26,285 shares of the shipping company’s stock valued at $403,000 after buying an additional 10,142 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Navigator by 145.7% during the 1st quarter. Acadian Asset Management LLC now owns 1,086,016 shares of the shipping company’s stock valued at $16,641,000 after purchasing an additional 644,011 shares during the period. Institutional investors own 18.95% of the company’s stock.

Navigator Company Profile

(Get 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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