Navigator Holdings Ltd. (NYSE:NVGS) Stock Position Lifted by Gagnon Securities LLC

Gagnon Securities LLC boosted its stake in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 7.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 852,608 shares of the shipping company’s stock after purchasing an additional 57,966 shares during the period. Navigator comprises approximately 2.6% of Gagnon Securities LLC’s holdings, making the stock its 15th largest position. Gagnon Securities LLC owned approximately 1.17% of Navigator worth $13,088,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Navigator in the fourth quarter worth approximately $31,000. Point72 Asset Management L.P. acquired a new position in shares of Navigator in the 2nd quarter valued at $38,000. Quarry LP acquired a new position in shares of Navigator in the 2nd quarter valued at $48,000. Millburn Ridgefield Corp acquired a new position in shares of Navigator in the 3rd quarter valued at $92,000. Finally, SG Americas Securities LLC grew its holdings in shares of Navigator by 9.1% in the 3rd quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company’s stock worth $132,000 after purchasing an additional 684 shares during the last quarter. 18.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NVGS shares. Jefferies Financial Group reissued a “buy” rating and set a $20.00 price objective on shares of Navigator in a report on Friday, November 22nd. Alliance Global Partners initiated coverage on shares of Navigator in a research note on Monday, October 28th. They issued a “buy” rating and a $24.00 target price on the stock. Finally, StockNews.com upgraded shares of Navigator from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $21.60.

Navigator Stock Down 2.3 %

Shares of NYSE NVGS opened at $16.65 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 14.73 and a beta of 1.46. Navigator Holdings Ltd. has a 12 month low of $14.55 and a 12 month high of $18.18. The stock has a 50-day moving average price of $15.87 and a two-hundred day moving average price of $16.01.

Navigator Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Monday, November 25th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Monday, November 25th. Navigator’s dividend payout ratio (DPR) is currently 17.70%.

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.