Navigator Holdings Ltd. (NYSE:NVGS) Shares Bought by Perkins Coie Trust Co

Perkins Coie Trust Co raised its stake in Navigator Holdings Ltd. (NYSE:NVGS) by 66.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the shipping company’s stock after acquiring an additional 4,000 shares during the period. Perkins Coie Trust Co’s holdings in Navigator were worth $161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of NVGS. Wellington Management Group LLP boosted its stake in Navigator by 1.7% in the fourth quarter. Wellington Management Group LLP now owns 252,187 shares of the shipping company’s stock valued at $3,669,000 after acquiring an additional 4,208 shares in the last quarter. Hodges Capital Management Inc. boosted its stake in Navigator by 89.3% in the first quarter. Hodges Capital Management Inc. now owns 522,535 shares of the shipping company’s stock valued at $8,021,000 after acquiring an additional 246,505 shares in the last quarter. SG Americas Securities LLC boosted its stake in Navigator by 13.5% in the first quarter. SG Americas Securities LLC now owns 29,884 shares of the shipping company’s stock valued at $459,000 after acquiring an additional 3,546 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Navigator by 17.9% in the first quarter. Oppenheimer & Co. Inc. now owns 673,500 shares of the shipping company’s stock valued at $10,338,000 after acquiring an additional 102,224 shares in the last quarter. Finally, Tectonic Advisors LLC boosted its stake in Navigator by 21.6% in the first quarter. Tectonic Advisors LLC now owns 57,968 shares of the shipping company’s stock valued at $890,000 after acquiring an additional 10,291 shares in the last quarter. Institutional investors and hedge funds own 18.95% of the company’s stock.

Navigator Stock Performance

NYSE NVGS traded down $0.05 during trading hours on Wednesday, hitting $16.47. 2,497 shares of the stock were exchanged, compared to its average volume of 200,545. Navigator Holdings Ltd. has a 12-month low of $13.72 and a 12-month high of $18.18. The company has a quick ratio of 1.13, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 14.12 and a beta of 1.49. The stock has a 50-day moving average of $16.06 and a 200 day moving average of $16.23.

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

Navigator Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.21%. Navigator’s dividend payout ratio (DPR) is 17.09%.

Analyst Ratings Changes

Several brokerages have recently weighed in on NVGS. StockNews.com upgraded shares of Navigator from a “hold” rating to a “buy” rating in a research note on Sunday. Clarkson Capital upgraded shares of Navigator from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Thursday, August 22nd. Citigroup began coverage on shares of Navigator in a research note on Wednesday, July 31st. They set a “buy” rating and a $22.00 target price for the company. Jefferies Financial Group reiterated a “buy” rating and set a $20.00 target price on shares of Navigator in a research note on Thursday, August 15th. Finally, DNB Markets began coverage on shares of Navigator in a report on Thursday, September 12th. They set a “buy” rating and a $22.00 price target for the company. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price 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.