Needham Investment Management LLC Sells 1,000 Shares of Navigator Holdings Ltd. $NVGS

by · The Cerbat Gem

Needham Investment Management LLC lessened its stake in shares of Navigator Holdings Ltd. (NYSE:NVGS – Free Report) by 0.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 305,000 shares of the shipping company’s stock after selling 1,000 shares during the period. Needham Investment Management LLC’s holdings in Navigator were worth $4,060,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Northern Trust Corp grew its position in Navigator by 13.1% during the 4th quarter. Northern Trust Corp now owns 73,478 shares of the shipping company’s stock worth $1,128,000 after acquiring an additional 8,499 shares during the last quarter. BNP Paribas Financial Markets grew its position in Navigator by 784.1% during the 4th quarter. BNP Paribas Financial Markets now owns 44,728 shares of the shipping company’s stock worth $687,000 after acquiring an additional 39,669 shares during the last quarter. Bank of America Corp DE grew its position in Navigator by 31.0% during the 4th quarter. Bank of America Corp DE now owns 80,719 shares of the shipping company’s stock worth $1,239,000 after acquiring an additional 19,121 shares during the last quarter. First Sabrepoint Capital Management LP grew its position in Navigator by 266.4% during the 4th quarter. First Sabrepoint Capital Management LP now owns 682,516 shares of the shipping company’s stock worth $10,477,000 after acquiring an additional 496,220 shares during the last quarter. Finally, First Manhattan CO. LLC. grew its position in Navigator by 25.1% during the 4th quarter. First Manhattan CO. LLC. now owns 1,034,596 shares of the shipping company’s stock worth $15,881,000 after acquiring an additional 207,851 shares during the last quarter. Institutional investors own 18.95% of the company’s stock.

Navigator Stock Performance

NVGS stock opened at $16.61 on Friday. The business’s fifty day moving average is $15.77 and its 200-day moving average is $14.43. The company has a quick ratio of 1.53, a current ratio of 1.59 and a debt-to-equity ratio of 0.70. The company has a market cap of $1.15 billion, a P/E ratio of 13.07 and a beta of 0.67. Navigator Holdings Ltd. has a twelve month low of $10.55 and a twelve month high of $17.52.

Navigator (NYSE:NVGS – Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The shipping company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.22). The company had revenue of $129.64 million during the quarter, compared to analyst estimates of $126.73 million. Navigator had a net margin of 15.57% and a return on equity of 6.56%. Equities research analysts forecast that Navigator Holdings Ltd. will post 1.25 EPS for the current year.

Navigator Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Thursday, August 28th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.2%. Navigator’s dividend payout ratio is 15.75%.

Wall Street Analysts Forecast Growth

NVGS has been the topic of a number of research analyst reports. Wall Street Zen lowered Navigator from a “buy” rating to a “hold” rating in a research report on Tuesday, May 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a $19.00 price objective on shares of Navigator in a report on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Navigator has a consensus rating of “Buy” and an average price target of $21.67.

Get Our Latest Analysis on NVGS

Navigator Profile

(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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