Dynamic Technology Lab Private Ltd Invests $273,000 in Navigator Holdings Ltd. (NYSE:NVGS)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Navigator Holdings Ltd. (NYSE:NVGS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,985 shares of the shipping company’s stock, valued at approximately $273,000.

A number of other institutional investors have also recently made changes to their positions in NVGS. Acadian Asset Management LLC raised its position in Navigator by 32.8% during the second quarter. Acadian Asset Management LLC now owns 1,442,150 shares of the shipping company’s stock valued at $25,146,000 after purchasing an additional 356,134 shares during the period. Encompass Capital Advisors LLC bought a new position in shares of Navigator during the 2nd quarter valued at approximately $23,571,000. Royce & Associates LP raised its holdings in Navigator by 0.7% during the 3rd quarter. Royce & Associates LP now owns 898,403 shares of the shipping company’s stock valued at $14,437,000 after buying an additional 6,250 shares during the period. Renaissance Technologies LLC lifted its position in Navigator by 15.8% in the second quarter. Renaissance Technologies LLC now owns 787,700 shares of the shipping company’s stock worth $13,753,000 after buying an additional 107,300 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Navigator by 14.4% during the second quarter. Millennium Management LLC now owns 661,288 shares of the shipping company’s stock worth $11,546,000 after buying an additional 83,344 shares during the period. Institutional investors own 18.95% of the company’s stock.

Navigator Stock Performance

Navigator stock opened at $15.66 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.71 and a current ratio of 0.75. The company has a market capitalization of $1.15 billion, a PE ratio of 13.86 and a beta of 1.50. The company has a 50 day moving average price of $16.01 and a 200-day moving average price of $16.35. Navigator Holdings Ltd. has a fifty-two week low of $13.85 and a fifty-two week high of $18.18.

Navigator Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Monday, November 25th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Monday, November 25th. Navigator’s dividend payout ratio (DPR) is presently 17.70%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NVGS. Clarkson Capital upgraded shares of Navigator from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a report on Thursday, August 22nd. Jefferies Financial Group reissued a “buy” rating and issued a $20.00 price objective on shares of Navigator in a research note on Friday, November 22nd. StockNews.com raised Navigator from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Alliance Global Partners assumed coverage on Navigator in a research note on Monday, October 28th. They set a “buy” rating and a $24.00 price target for the company. Finally, DNB Markets started coverage on Navigator in a research report on Thursday, September 12th. They issued a “buy” rating and a $22.00 price objective on the stock. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $21.60.

Navigator Company Profile

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.