Invesco Ltd. Has $1.74 Million Stake in Navigator Holdings Ltd. $NVGS

Invesco Ltd. raised its position in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 2.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 130,616 shares of the shipping company’s stock after buying an additional 2,911 shares during the period. Invesco Ltd. owned about 0.19% of Navigator worth $1,738,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Northern Trust Corp increased its holdings in shares of Navigator by 13.1% in the fourth quarter. Northern Trust Corp now owns 73,478 shares of the shipping company’s stock valued at $1,128,000 after purchasing an additional 8,499 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Navigator by 784.1% in the fourth quarter. BNP Paribas Financial Markets now owns 44,728 shares of the shipping company’s stock valued at $687,000 after purchasing an additional 39,669 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Navigator by 31.0% in the fourth quarter. Bank of America Corp DE now owns 80,719 shares of the shipping company’s stock valued at $1,239,000 after purchasing an additional 19,121 shares in the last quarter. Corton Capital Inc. acquired a new stake in shares of Navigator in the fourth quarter valued at approximately $270,000. Finally, First Sabrepoint Capital Management LP increased its holdings in shares of Navigator by 266.4% in the fourth quarter. First Sabrepoint Capital Management LP now owns 682,516 shares of the shipping company’s stock valued at $10,477,000 after purchasing an additional 496,220 shares in the last quarter. Institutional investors and hedge funds own 18.95% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Navigator Trading Up 0.2%

Shares of NYSE NVGS opened at $16.09 on Monday. The company’s fifty day moving average is $15.62 and its 200-day moving average is $14.41. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 12.67 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. The company has a quick ratio of 1.53, a current ratio of 1.59 and a debt-to-equity ratio of 0.70.

Navigator (NYSE:NVGS) last announced 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 firm had revenue of $129.64 million for the quarter, compared to the consensus estimate of $126.73 million. Navigator had a return on equity of 6.56% and a net margin of 15.57%. Equities research analysts predict that Navigator Holdings Ltd. will post 1.25 EPS for the current year.

Navigator Announces Dividend

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

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.