Navigator (NYSE:NVGS) Stock Crosses Above 50-Day Moving Average – Time to Sell?
by Kim Johansen · The Markets DailyNavigator Holdings Ltd. (NYSE:NVGS – Get Free Report) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $22.62 and traded as high as $24.68. Navigator shares last traded at $23.8230, with a volume of 451,684 shares trading hands.
Analyst Ratings Changes
Several research analysts recently issued reports on NVGS shares. Weiss Ratings raised Navigator from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th. Wall Street Zen raised Navigator from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Zacks Research lowered Navigator from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.00.
Check Out Our Latest Analysis on Navigator
Navigator Stock Down 4.1%
The company has a market cap of $1.40 billion, a P/E ratio of 10.49, a P/E/G ratio of 0.60 and a beta of 0.48. The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $22.66 and its 200 day moving average is $21.82.
Navigator (NYSE:NVGS – Get Free Report) last posted its earnings results on Wednesday, August 5th. The shipping company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.32. Navigator had a return on equity of 10.45% and a net margin of 22.80%. The company had revenue of $167.94 million during the quarter, compared to analyst estimates of $139.46 million. As a group, equities analysts anticipate that Navigator Holdings Ltd. will post 1.76 earnings per share for the current fiscal year.
Navigator Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, August 19th. Navigator’s dividend payout ratio is presently 12.90%.
Insider Buying and Selling
In related news, Director Peter George Charles An Stokes sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $20.28, for a total transaction of $101,400.00. Following the completion of the transaction, the director owned 6,910 shares in the company, valued at $140,134.80. The trade was a 41.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Oeyvind Lindeman sold 7,500 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $21.68, for a total transaction of $162,600.00. Following the sale, the insider directly owned 7,246 shares of the company’s stock, valued at $157,093.28. The trade was a 50.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.
Hedge Funds Weigh In On Navigator
A number of large investors have recently made changes to their positions in NVGS. Engineers Gate Manager LP boosted its position in shares of Navigator by 148.3% in the 2nd quarter. Engineers Gate Manager LP now owns 47,148 shares of the shipping company’s stock worth $878,000 after purchasing an additional 28,159 shares in the last quarter. Squarepoint Ops LLC grew its stake in Navigator by 48.1% during the 2nd quarter. Squarepoint Ops LLC now owns 122,310 shares of the shipping company’s stock worth $2,279,000 after buying an additional 39,720 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in Navigator by 30.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 30,779 shares of the shipping company’s stock worth $572,000 after buying an additional 7,185 shares during the last quarter. AXQ Capital LP purchased a new position in Navigator during the 2nd quarter worth $268,000. Finally, BTG Pactual Asset Management US LLC increased its position in Navigator by 72.3% during the 2nd quarter. BTG Pactual Asset Management US LLC now owns 18,797 shares of the shipping company’s stock valued at $350,000 after buying an additional 7,890 shares in the last quarter. 18.95% of the stock is owned by institutional investors and hedge funds.
Navigator Company Profile
Navigator Holdings Ltd. (NYSE: NVGS), operating under the Navigator Gas name, is a maritime transportation company focused on the international seaborne shipment of liquefied gases. The company owns and operates a fleet of gas carriers that transport liquefied petroleum gas (LPG), ethylene, ammonia and other petrochemical gases.
Navigator’s vessels serve energy, petrochemical and industrial customers across major global trade routes. Its fleet includes ethylene-capable vessels, handysize gas carriers and larger liquefied gas carriers, allowing the company to transport cargoes between production centers, export terminals and importing markets.
In addition to its shipping operations, Navigator has invested in related midstream infrastructure.