Navigator (NYSE:NVGS) Stock Breaks Below 200 Day Moving Average – Time to Sell?

by · The Markets Daily

Navigator Holdings Ltd. (NYSE:NVGS – Get Free Report)’s stock price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $21.15 and traded as low as $19.73. Navigator shares last traded at $20.00, with a volume of 524,624 shares traded.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Weiss Ratings upgraded shares of Navigator from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th. Wall Street Zen raised shares of Navigator from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Zacks Research lowered shares of Navigator from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

View Our Latest Report on NVGS

Navigator Trading Down 7.0%

The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 0.55 and a beta of 0.48. The business has a fifty day moving average of $22.73 and a two-hundred day moving average of $21.15. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.62 and a current ratio of 1.71.

Navigator (NYSE:NVGS – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The shipping company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.32. The firm had revenue of $167.94 million during the quarter, compared to analysts’ expectations of $139.46 million. Navigator had a return on equity of 10.45% and a net margin of 22.80%. As a group, equities analysts expect that Navigator Holdings Ltd. will post 1.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Navigator

In other Navigator news, Director Peter George Charles An Stokes sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $20.28, for a total value of $101,400.00. Following the sale, the director owned 6,910 shares of the company’s stock, valued at approximately $140,134.80. This represents a 41.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Oeyvind Lindeman sold 7,500 shares of Navigator stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $21.68, for a total transaction of $162,600.00. Following the transaction, the insider owned 7,246 shares of the company’s stock, valued at approximately $157,093.28. The trade was a 50.86% decrease in their position. The disclosure for this sale is available in the SEC filing.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NVGS. Encompass Capital Advisors LLC lifted its position in Navigator by 62.7% during the first quarter. Encompass Capital Advisors LLC now owns 1,034,216 shares of the shipping company’s stock worth $19,991,000 after buying an additional 398,615 shares during the period. Hodges Capital Management Inc. lifted its position in Navigator by 19.6% during the first quarter. Hodges Capital Management Inc. now owns 661,790 shares of the shipping company’s stock valued at $12,792,000 after buying an additional 108,467 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Navigator by 109.1% during the 1st quarter. Sei Investments Co. now owns 402,079 shares of the shipping company’s stock valued at $7,772,000 after acquiring an additional 209,760 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Navigator by 3.9% in the first quarter. Empowered Funds LLC now owns 324,935 shares of the shipping company’s stock worth $6,281,000 after buying an additional 12,256 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in Navigator by 48.1% in the 2nd quarter. Squarepoint Ops LLC now owns 122,310 shares of the shipping company’s stock worth $2,279,000 after acquiring an additional 39,720 shares during the period. Hedge funds and other institutional investors own 18.95% of the company’s stock.

Navigator Company Profile

(Get Free Report)

Navigator Holdings Ltd., operating under the name Navigator Gas, is a maritime transportation company that owns and operates a fleet of specialized gas carriers. The company transports liquefied petroleum gas (LPG), petrochemical gases such as ethylene and ethane, ammonia and other liquefied gases for energy, industrial and chemical customers.

Its fleet includes semi-refrigerated and fully pressurized vessels, as well as ethylene-capable carriers designed to handle cargoes requiring specialized containment and temperature controls.

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