Navigator Holdings Ltd. (NYSE:NVGS) Holdings Trimmed by GSA Capital Partners LLP

GSA Capital Partners LLP lowered its position in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 36.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,148 shares of the shipping company’s stock after selling 12,539 shares during the quarter. GSA Capital Partners LLP’s holdings in Navigator were worth $356,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. SG Americas Securities LLC boosted its position in shares of Navigator by 9.1% in the 3rd 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. Tectonic Advisors LLC boosted its position 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 valued at $1,027,000 after purchasing an additional 2,152 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Navigator in the 2nd quarter valued at $38,000. Quarry LP purchased a new stake in Navigator in the 2nd quarter worth about $48,000. Finally, Perkins Coie Trust Co lifted its stake in Navigator by 66.7% in the 3rd quarter. Perkins Coie Trust Co now owns 10,000 shares of the shipping company’s stock worth $161,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors own 18.95% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NVGS. DNB Markets began coverage on Navigator in a research note on Thursday, September 12th. They issued a “buy” rating and a $22.00 price objective for the company. Citigroup began coverage on Navigator in a research note on Wednesday, July 31st. They issued a “buy” rating and a $22.00 price objective for the company. StockNews.com raised Navigator from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Clarkson Capital raised Navigator from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Thursday, August 22nd. Finally, Alliance Global Partners assumed coverage on Navigator in a research note on Monday, October 28th. They set a “buy” rating and a $24.00 price target for the company. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Navigator has an average rating of “Buy” and an average target price of $21.60.

Navigator Stock Down 1.0 %

Shares of NVGS stock opened at $15.90 on Friday. The stock’s 50 day simple moving average is $16.01 and its 200 day simple moving average is $16.37. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.71 and a current ratio of 0.75. Navigator Holdings Ltd. has a twelve month low of $13.85 and a twelve month high of $18.18. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 14.08 and a beta of 1.50.

Navigator Announces Dividend

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

Navigator Company 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.