Oppenheimer & Co. Inc. Has $8.31 Million Stock Position in Navigator Holdings Ltd. (NYSE:NVGS)

Oppenheimer & Co. Inc. trimmed its position in Navigator Holdings Ltd. (NYSE:NVGSFree Report) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 571,276 shares of the shipping company’s stock after selling 8,900 shares during the period. Oppenheimer & Co. Inc.’s holdings in Navigator were worth $8,312,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC grew its position in Navigator by 1.5% in the 4th quarter. First Eagle Investment Management LLC now owns 506,438 shares of the shipping company’s stock worth $7,369,000 after purchasing an additional 7,645 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Navigator by 104.8% during the third quarter. Acadian Asset Management LLC now owns 153,791 shares of the shipping company’s stock valued at $2,261,000 after purchasing an additional 78,702 shares during the period. Estabrook Capital Management increased its position in Navigator by 5.4% in the fourth quarter. Estabrook Capital Management now owns 131,448 shares of the shipping company’s stock worth $1,913,000 after buying an additional 6,700 shares during the last quarter. Hodges Capital Management Inc. raised its stake in shares of Navigator by 1.3% in the third quarter. Hodges Capital Management Inc. now owns 128,735 shares of the shipping company’s stock valued at $1,901,000 after buying an additional 1,645 shares during the period. Finally, Penbrook Management LLC lifted its position in shares of Navigator by 14.6% during the 4th quarter. Penbrook Management LLC now owns 108,900 shares of the shipping company’s stock valued at $1,584,000 after buying an additional 13,850 shares during the last quarter. Institutional investors and hedge funds own 18.95% of the company’s stock.

Navigator Price Performance

NYSE:NVGS traded up $0.11 during mid-day trading on Wednesday, hitting $16.94. 217,399 shares of the stock traded hands, compared to its average volume of 194,470. The company has a market cap of $1.24 billion, a PE ratio of 14.49 and a beta of 1.46. Navigator Holdings Ltd. has a 12-month low of $12.33 and a 12-month high of $17.82. The business’s 50-day moving average price is $15.91 and its 200 day moving average price is $15.41. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 0.52.

Navigator (NYSE:NVGSGet Free Report) last issued its quarterly earnings data on Wednesday, March 13th. The shipping company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. Navigator had a return on equity of 6.86% and a net margin of 15.68%. The company had revenue of $123.52 million during the quarter, compared to analyst estimates of $114.37 million. On average, analysts expect that Navigator Holdings Ltd. will post 1.42 EPS for the current fiscal year.

Navigator Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Tuesday, June 4th will be given a $0.05 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $0.20 annualized dividend and a yield of 1.18%. Navigator’s dividend payout ratio (DPR) is presently 17.09%.

Analyst Ratings Changes

A number of equities analysts have weighed in on NVGS shares. Jefferies Financial Group reiterated a “buy” rating and set a $20.00 target price on shares of Navigator in a research report on Thursday, March 14th. StockNews.com upgraded shares of Navigator from a “hold” rating to a “buy” rating in a research note on Tuesday, May 21st.

Check Out Our Latest Stock Analysis on Navigator

Navigator Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Navigator (NYSE:NVGS)

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