JPMorgan Chase & Co. purchased a new position in Navigator Holdings Ltd. (NYSE:NVGS – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 56,443 shares of the shipping company’s stock, valued at approximately $907,000. JPMorgan Chase & Co. owned approximately 0.08% of Navigator at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Graham Capital Wealth Management LLC bought a new stake in Navigator in the 3rd quarter worth approximately $3,444,000. Sei Investments Co. grew its stake 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 buying an additional 36,571 shares in the last quarter. Moors & Cabot Inc. purchased a new position in Navigator during the third quarter worth $1,210,000. Millennium Management LLC raised its holdings in shares of Navigator by 14.4% in the second quarter. Millennium Management LLC now owns 661,288 shares of the shipping company’s stock worth $11,546,000 after buying an additional 83,344 shares during the period. Finally, Ghisallo Capital Management LLC purchased a new stake in Navigator in the 2nd quarter valued at about $1,746,000. Institutional investors own 18.95% of the company’s stock.
Analyst Ratings Changes
NVGS has been the topic of a number of recent research reports. Alliance Global Partners started coverage on shares of Navigator in a research note on Monday, October 28th. They set a “buy” rating and a $24.00 price objective on the stock. StockNews.com raised shares of Navigator from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $20.00 price objective on shares of Navigator in a report on Friday, November 22nd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Navigator currently has an average rating of “Buy” and an average target price of $21.60.
Navigator Stock Performance
Navigator stock opened at $16.37 on Friday. The firm has a 50 day simple moving average of $15.83 and a 200-day simple moving average of $16.02. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 14.48 and a beta of 1.46. 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 Holdings Ltd. has a 1-year low of $14.55 and a 1-year high of $18.18.
Navigator Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Monday, November 25th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Monday, November 25th. Navigator’s dividend payout ratio (DPR) is presently 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.
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