Millennium Management LLC Purchases 83,344 Shares of Navigator Holdings Ltd. (NYSE:NVGS)

Millennium Management LLC raised its position in Navigator Holdings Ltd. (NYSE:NVGS) by 14.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 661,288 shares of the shipping company’s stock after acquiring an additional 83,344 shares during the period. Millennium Management LLC owned approximately 0.90% of Navigator worth $11,546,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of NVGS. Perkins Coie Trust Co acquired a new stake in shares of Navigator in the 2nd quarter worth $105,000. Aristides Capital LLC purchased a new stake in shares of Navigator during the first quarter worth about $252,000. XTX Topco Ltd acquired a new position in shares of Navigator during the second quarter valued at about $279,000. Levin Capital Strategies L.P. raised its position in shares of Navigator by 74.7% in the 1st quarter. Levin Capital Strategies L.P. now owns 22,449 shares of the shipping company’s stock valued at $345,000 after purchasing an additional 9,600 shares during the last quarter. Finally, MQS Management LLC boosted its stake in Navigator by 62.8% in the 1st quarter. MQS Management LLC now owns 26,285 shares of the shipping company’s stock worth $403,000 after purchasing an additional 10,142 shares in the last quarter. 18.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NVGS. Citigroup initiated coverage on shares of Navigator in a report on Wednesday, July 31st. They issued a “buy” rating and a $22.00 price target for the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $20.00 price target on shares of Navigator in a research report on Thursday, August 15th. StockNews.com raised Navigator from a “hold” rating to a “buy” rating in a report on Sunday. DNB Markets initiated coverage on Navigator in a report on Thursday, September 12th. They set a “buy” rating and a $22.00 target price for the company. Finally, 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 report on Thursday, August 22nd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $21.00.

Navigator Trading Up 0.8 %

Shares of NYSE:NVGS opened at $16.79 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55. Navigator Holdings Ltd. has a 12-month low of $13.72 and a 12-month high of $18.18. The business has a 50 day moving average of $16.06 and a two-hundred day moving average of $16.22. The company has a market capitalization of $1.23 billion, a PE ratio of 14.35 and a beta of 1.49.

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

Navigator Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 3rd were paid a $0.05 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.20 annualized dividend and a dividend yield of 1.19%. Navigator’s dividend payout ratio is presently 17.09%.

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.