Farther Finance Advisors LLC Lowers Position in Navigator Holdings Ltd. (NYSE:NVGS)

Farther Finance Advisors LLC lowered its position in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 35.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,979 shares of the shipping company’s stock after selling 1,079 shares during the quarter. Farther Finance Advisors LLC’s holdings in Navigator were worth $32,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Graham Capital Wealth Management LLC purchased a new position in Navigator in the third quarter valued at about $3,444,000. Tectonic Advisors LLC raised its holdings in shares of Navigator by 3.5% in the 3rd quarter. Tectonic Advisors LLC now owns 63,900 shares of the shipping company’s stock worth $1,027,000 after purchasing an additional 2,152 shares during the period. Perkins Coie Trust Co lifted its stake in Navigator by 66.7% in the third quarter. Perkins Coie Trust Co now owns 10,000 shares of the shipping company’s stock valued at $161,000 after purchasing an additional 4,000 shares during the last quarter. SG Americas Securities LLC grew its holdings in Navigator by 9.1% during the third quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company’s stock valued at $132,000 after purchasing an additional 684 shares during the period. Finally, Ghisallo Capital Management LLC purchased a new stake in Navigator in the second quarter worth $1,746,000. Institutional investors own 18.95% of the company’s stock.

Navigator Price Performance

NVGS stock opened at $16.27 on Friday. The firm has a 50 day moving average of $15.94 and a 200-day moving average of $16.34. The firm has a market capitalization of $1.19 billion, a P/E ratio of 14.37 and a beta of 1.50. Navigator Holdings Ltd. has a 12 month low of $13.85 and a 12 month high of $18.18. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45.

Navigator (NYSE:NVGS) last announced its quarterly earnings results on Wednesday, August 14th. The shipping company reported $0.34 EPS 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 the consensus estimate of $117.92 million. Navigator had a net margin of 14.48% and a return on equity of 7.40%. As a group, sell-side analysts predict that Navigator Holdings Ltd. will post 1.28 earnings per share for the current fiscal year.

Navigator Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Monday, November 25th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.20 dividend on an annualized basis and a yield of 1.23%. Navigator’s dividend payout ratio is currently 17.70%.

Analyst Ratings Changes

NVGS has been the subject of several research reports. Jefferies Financial Group reiterated a “buy” rating and set a $20.00 price target on shares of Navigator in a research note on Thursday, November 7th. StockNews.com upgraded shares of Navigator from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Alliance Global Partners initiated coverage on shares of Navigator in a research report on Monday, October 28th. They issued a “buy” rating and a $24.00 price target on the stock. Citigroup began coverage on shares of Navigator in a report on Wednesday, July 31st. They issued a “buy” rating and a $22.00 price objective for the company. Finally, DNB Markets initiated coverage on shares of Navigator in a report on Thursday, September 12th. They set a “buy” rating and a $22.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average 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.