Navigator Holdings Ltd. (NYSE:NVGS) Receives Consensus Rating of “Buy” from Analysts

Navigator Holdings Ltd. (NYSE:NVGS) has been assigned an average recommendation of “Buy” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have covered the stock in the last year is $21.60.

Separately, Wall Street Zen lowered Navigator from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th.

Hedge Funds Weigh In On Navigator

A number of institutional investors and hedge funds have recently modified their holdings of NVGS. New Age Alpha Advisors LLC acquired a new stake in shares of Navigator during the fourth quarter worth about $38,000. Madison Asset Management LLC acquired a new stake in shares of Navigator during the first quarter worth about $133,000. LPL Financial LLC lifted its position in Navigator by 18.5% in the fourth quarter. LPL Financial LLC now owns 12,638 shares of the shipping company’s stock valued at $194,000 after purchasing an additional 1,976 shares during the period. Quarry LP acquired a new stake in Navigator in the first quarter valued at about $194,000. Finally, XTX Topco Ltd acquired a new stake in Navigator in the first quarter valued at about $199,000. Institutional investors and hedge funds own 18.95% of the company’s stock.

Navigator Stock Down 0.6%

Shares of NYSE:NVGS opened at $15.43 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.61. The stock has a market cap of $1.07 billion, a P/E ratio of 12.06 and a beta of 0.78. The business’s 50 day moving average is $14.29 and its 200 day moving average is $14.54. Navigator has a 52-week low of $10.55 and a 52-week high of $17.53.

Navigator (NYSE:NVGS) last announced its earnings results on Wednesday, May 14th. The shipping company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. The business had revenue of $151.41 million for the quarter, compared to analysts’ expectations of $128.26 million. Navigator had a return on equity of 7.83% and a net margin of 15.42%. Sell-side analysts predict that Navigator will post 1.25 EPS for the current year.

Navigator Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Thursday, May 29th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Thursday, May 29th. Navigator’s dividend payout ratio is currently 15.63%.

About Navigator

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.