Barclays PLC Grows Stock Holdings in Navigator Holdings Ltd. (NYSE:NVGS)

Barclays PLC lifted its position in Navigator Holdings Ltd. (NYSE:NVGS) by 10.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,640 shares of the shipping company’s stock after purchasing an additional 1,895 shares during the quarter. Barclays PLC’s holdings in Navigator were worth $316,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of NVGS. Graham Capital Wealth Management LLC purchased a new stake in Navigator in the third quarter worth approximately $3,444,000. Sei Investments Co. lifted its holdings in shares of Navigator by 108.6% in the 2nd quarter. Sei Investments Co. now owns 70,256 shares of the shipping company’s stock worth $1,227,000 after acquiring an additional 36,571 shares during the last quarter. Moors & Cabot Inc. purchased a new stake in shares of Navigator in the 3rd quarter valued at $1,210,000. Evergreen Capital Management LLC boosted its stake in shares of Navigator by 266.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 42,995 shares of the shipping company’s stock valued at $751,000 after purchasing an additional 31,250 shares in the last quarter. Finally, Millennium Management LLC raised its position in Navigator by 14.4% in the 2nd quarter. Millennium Management LLC now owns 661,288 shares of the shipping company’s stock worth $11,546,000 after purchasing an additional 83,344 shares during the period. 18.95% of the stock is currently owned by institutional investors.

Navigator Stock Performance

Shares of NYSE:NVGS opened at $16.71 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average price of $15.76 and a 200-day moving average price of $16.04. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 14.79 and a beta of 1.46. Navigator Holdings Ltd. has a 12 month low of $14.55 and a 12 month high of $18.18.

Navigator Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, November 25th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Monday, November 25th. Navigator’s payout ratio is 17.70%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Alliance Global Partners started coverage on shares of Navigator in a research report on Monday, October 28th. They set a “buy” rating and a $24.00 price target for the company. Jefferies Financial Group restated a “buy” rating and set a $20.00 target price on shares of Navigator in a report on Friday, November 22nd. Finally, StockNews.com upgraded Navigator from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently 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.