Navigator Holdings Ltd. (NYSE:NVGS) Given Consensus Rating of “Buy” by Brokerages

Shares of Navigator Holdings Ltd. (NYSE:NVGS) have earned an average rating of “Buy” from the five analysts that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $21.60.

Several equities research analysts have recently issued reports on the company. Alliance Global Partners started coverage on Navigator in a research report on Monday, October 28th. They issued a “buy” rating and a $24.00 price target on the stock. DNB Markets initiated coverage on shares of Navigator in a research note on Thursday, September 12th. They set a “buy” rating and a $22.00 price target on the stock. Jefferies Financial Group restated a “buy” rating and set a $20.00 target price on shares of Navigator in a research report on Thursday, November 7th. Clarkson Capital raised shares of Navigator from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Thursday, August 22nd. Finally, Citigroup initiated coverage on shares of Navigator in a research report on Wednesday, July 31st. They set a “buy” rating and a $22.00 target price on the stock.

Institutional Trading of Navigator

A number of hedge funds have recently made changes to their positions in NVGS. Point72 Asset Management L.P. acquired a new position in shares of Navigator in the second quarter valued at about $38,000. Quarry LP bought a new position in shares of Navigator in the second quarter worth $48,000. Millburn Ridgefield Corp acquired a new position in shares of Navigator in the 3rd quarter valued at approximately $92,000. Perkins Coie Trust Co bought a new stake in Navigator during the second quarter worth $105,000. Finally, SG Americas Securities LLC lifted its position in shares of Navigator by 9.1% during the 3rd quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company’s stock worth $132,000 after buying an additional 684 shares during the last quarter. 18.95% of the stock is owned by institutional investors and hedge funds.

Navigator Stock Performance

Shares of NVGS stock opened at $15.90 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.75 and a quick ratio of 0.71. Navigator has a fifty-two week low of $13.85 and a fifty-two week high of $18.18. The stock’s 50-day moving average is $16.01 and its two-hundred day moving average is $16.37. The firm has a market cap of $1.16 billion, a P/E ratio of 14.08 and a beta of 1.50.

Navigator Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Monday, November 25th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Monday, November 25th. Navigator’s dividend payout ratio (DPR) is currently 17.70%.

About Navigator

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.