100,000 Shares in Navigator Holdings Ltd. (NYSE:NVGS) Acquired by Ghisallo Capital Management LLC

Ghisallo Capital Management LLC bought a new stake in shares of Navigator Holdings Ltd. (NYSE:NVGS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 100,000 shares of the shipping company’s stock, valued at approximately $1,746,000. Ghisallo Capital Management LLC owned about 0.14% of Navigator at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVGS. Hodges Capital Management Inc. lifted its holdings in shares of Navigator by 89.3% during the 1st quarter. Hodges Capital Management Inc. now owns 522,535 shares of the shipping company’s stock worth $8,021,000 after acquiring an additional 246,505 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Navigator by 6.5% in the 1st quarter. First Eagle Investment Management LLC now owns 539,538 shares of the shipping company’s stock worth $8,282,000 after purchasing an additional 33,100 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Navigator by 145.7% during the 1st quarter. Acadian Asset Management LLC now owns 1,086,016 shares of the shipping company’s stock valued at $16,641,000 after purchasing an additional 644,011 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in shares of Navigator by 266.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 42,995 shares of the shipping company’s stock valued at $751,000 after buying an additional 31,250 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in Navigator by 17.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 673,500 shares of the shipping company’s stock worth $10,338,000 after buying an additional 102,224 shares during the last quarter. Hedge funds and other institutional investors own 18.95% of the company’s stock.

Navigator Trading Up 0.6 %

NVGS opened at $16.16 on Wednesday. Navigator Holdings Ltd. has a one year low of $13.68 and a one year high of $18.18. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 1.13. The business has a 50 day simple moving average of $16.05 and a two-hundred day simple moving average of $16.17. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 13.81 and a beta of 1.50.

Navigator (NYSE:NVGS) last announced its earnings results on Wednesday, August 14th. The shipping company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Navigator had a return on equity of 7.35% and a net margin of 14.76%. The company had revenue of $129.55 million during the quarter, compared to the consensus estimate of $117.92 million. Analysts predict that Navigator Holdings Ltd. will post 1.38 EPS for the current year.

Navigator Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 3rd were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.20 annualized dividend and a dividend yield of 1.24%. Navigator’s dividend payout ratio is 17.09%.

Analysts Set New Price Targets

A number of brokerages have commented on NVGS. Clarkson Capital upgraded shares of Navigator from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Thursday, August 22nd. DNB Markets started coverage on shares of Navigator in a research report on Thursday, September 12th. They issued a “buy” rating and a $22.00 target price on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $20.00 price target on shares of Navigator in a research note on Thursday, August 15th. Citigroup started coverage on Navigator in a research note on Wednesday, July 31st. They set a “buy” rating and a $22.00 price objective on the stock. Finally, StockNews.com downgraded Navigator from a “buy” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Navigator 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.