Teton Advisors Inc. Decreases Stock Position in Navigator Holdings Ltd. (NYSE:NVGS)

Teton Advisors Inc. cut its stake in Navigator Holdings Ltd. (NYSE:NVGS) by 1.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 97,000 shares of the shipping company’s stock after selling 1,000 shares during the period. Teton Advisors Inc.’s holdings in Navigator were worth $1,489,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of NVGS. Aristides Capital LLC boosted its stake in shares of Navigator by 10.5% during the fourth quarter. Aristides Capital LLC now owns 15,034 shares of the shipping company’s stock valued at $231,000 after purchasing an additional 1,428 shares during the period. Y Intercept Hong Kong Ltd boosted its position in Navigator by 6.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 26,913 shares of the shipping company’s stock valued at $413,000 after buying an additional 1,540 shares during the period. Barclays PLC grew its stake in Navigator by 10.7% in the 3rd quarter. Barclays PLC now owns 19,640 shares of the shipping company’s stock worth $316,000 after acquiring an additional 1,895 shares in the last quarter. LPL Financial LLC increased its position in shares of Navigator by 18.5% during the fourth quarter. LPL Financial LLC now owns 12,638 shares of the shipping company’s stock worth $194,000 after acquiring an additional 1,976 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Navigator during the fourth quarter valued at approximately $31,000. 18.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “buy” rating and set a $20.00 price target on shares of Navigator in a research note on Wednesday, March 12th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $21.60.

Navigator Stock Down 0.6 %

NYSE:NVGS opened at $12.42 on Tuesday. 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 stock has a market capitalization of $861.92 million, a P/E ratio of 10.99 and a beta of 1.07. The company’s 50-day simple moving average is $14.27 and its 200-day simple moving average is $15.36. Navigator Holdings Ltd. has a fifty-two week low of $10.55 and a fifty-two week high of $18.18.

Navigator (NYSE:NVGS) last issued its quarterly earnings results on Wednesday, March 12th. The shipping company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The business had revenue of $144.03 million for the quarter, compared to the consensus estimate of $120.87 million. Navigator had a return on equity of 7.40% and a net margin of 14.48%. On average, equities analysts anticipate that Navigator Holdings Ltd. will post 1.25 earnings per share for the current fiscal year.

Navigator Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, March 24th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.61%. Navigator’s payout ratio is 16.67%.

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.