Sei Investments Co. Has $1.80 Million Position in Navigator Holdings Ltd. (NYSE:NVGS)

Sei Investments Co. lifted its holdings in Navigator Holdings Ltd. (NYSE:NVGS) by 30.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,108 shares of the shipping company’s stock after buying an additional 27,584 shares during the period. Sei Investments Co. owned about 0.16% of Navigator worth $1,798,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Navigator by 12.8% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,018 shares of the shipping company’s stock worth $445,000 after purchasing an additional 3,303 shares during the period. Magnetar Financial LLC purchased a new stake in Navigator in the 4th quarter worth approximately $361,000. Royce & Associates LP boosted its stake in shares of Navigator by 11.4% during the 4th quarter. Royce & Associates LP now owns 1,001,114 shares of the shipping company’s stock valued at $15,367,000 after buying an additional 102,711 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of Navigator by 7.9% during the 4th quarter. First Eagle Investment Management LLC now owns 641,745 shares of the shipping company’s stock valued at $9,851,000 after acquiring an additional 46,807 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of Navigator by 6.1% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 26,913 shares of the shipping company’s stock valued at $413,000 after acquiring an additional 1,540 shares in the last quarter. Hedge funds and other institutional investors own 18.95% of the company’s stock.

Navigator Price Performance

NYSE NVGS opened at $10.90 on Friday. The company has a 50 day moving average price of $15.00 and a two-hundred day moving average price of $15.60. Navigator Holdings Ltd. has a 12-month low of $10.55 and a 12-month high of $18.18. The stock has a market capitalization of $756.30 million, a PE ratio of 9.64 and a beta of 1.07. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.45.

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

Navigator Dividend Announcement

The business 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 annualized dividend and a dividend yield of 1.84%. Navigator’s dividend payout ratio (DPR) is presently 16.67%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “buy” rating and set a $20.00 price objective on shares of Navigator in a report 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 a consensus target price of $21.60.

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.