Navigator Holdings Ltd. (NVGS) To Go Ex-Dividend on April 3rd

Navigator Holdings Ltd. (NYSE:NVGSGet Free Report) announced a quarterly dividend on Wednesday, March 13th, Zacks reports. Stockholders of record on Thursday, April 4th will be given a dividend of 0.05 per share by the shipping company on Thursday, April 25th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, April 3rd.

Navigator has a dividend payout ratio of 10.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Navigator to earn $1.96 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 10.2%.

Navigator Price Performance

NVGS stock opened at $15.35 on Monday. The company has a current ratio of 1.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.59. The firm’s 50-day moving average price is $15.40 and its two-hundred day moving average price is $14.87. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 13.83 and a beta of 1.46. Navigator has a 12-month low of $12.32 and a 12-month high of $16.48.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a $20.00 price objective on shares of Navigator in a research report on Thursday, March 14th.

Check Out Our Latest Stock Analysis on Navigator

Institutional Trading of Navigator

Institutional investors and hedge funds have recently modified their holdings of the business. Toroso Investments LLC increased its position in Navigator by 5.2% during the first quarter. Toroso Investments LLC now owns 14,442 shares of the shipping company’s stock valued at $202,000 after acquiring an additional 709 shares during the last quarter. UBS Group AG lifted its stake in shares of Navigator by 4.3% in the 4th quarter. UBS Group AG now owns 34,112 shares of the shipping company’s stock worth $496,000 after purchasing an additional 1,416 shares during the period. Barclays PLC boosted its holdings in shares of Navigator by 8.7% in the second quarter. Barclays PLC now owns 24,299 shares of the shipping company’s stock worth $316,000 after buying an additional 1,947 shares during the last quarter. PDT Partners LLC increased its holdings in Navigator by 20.4% during the first quarter. PDT Partners LLC now owns 14,088 shares of the shipping company’s stock valued at $172,000 after buying an additional 2,388 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Navigator by 24.0% in the first quarter. Bank of America Corp DE now owns 14,206 shares of the shipping company’s stock worth $199,000 after acquiring an additional 2,747 shares during the period. Institutional investors own 18.95% of the company’s stock.

About Navigator

(Get Free Report)

Navigator Holdings Ltd. owns and operates 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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