Key Points
- Navigator COO Michael Schroder sold 25,000 shares on May 20 at an average price of $23.63, totaling about $590,750. After the sale, he retained 5,000 shares, cutting his position by 83.33%.
- Navigator posted better-than-expected quarterly results, reporting EPS of $0.50 versus the $0.34 consensus and revenue of $140.62 million, slightly ahead of estimates. Analysts expect full-year EPS of about 1.98.
- The company recently declared a quarterly dividend of $0.07 per share, payable June 10, which annualizes to $0.28 and a 1.2% yield. Navigator’s payout ratio is currently 17.18%.
Navigator Holdings Ltd. (NYSE:NVGS - Get Free Report) COO Michael Schroder sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $23.63, for a total value of $590,750.00. Following the completion of the sale, the chief operating officer owned 5,000 shares in the company, valued at approximately $118,150. This represents a 83.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Navigator Stock Performance
NVGS opened at $23.10 on Friday. The stock has a market cap of $1.43 billion, a P/E ratio of 14.17, a P/E/G ratio of 0.99 and a beta of 0.45. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.16 and a quick ratio of 1.10. The stock's 50 day simple moving average is $20.78 and its 200 day simple moving average is $19.16. Navigator Holdings Ltd. has a 1-year low of $13.50 and a 1-year high of $24.36.
Navigator (NYSE:NVGS - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The shipping company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.16. The business had revenue of $140.62 million for the quarter, compared to analysts' expectations of $139.35 million. Navigator had a return on equity of 7.01% and a net margin of 18.84%. As a group, equities analysts anticipate that Navigator Holdings Ltd. will post 1.98 EPS for the current fiscal year.
Navigator Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. Navigator's dividend payout ratio is currently 17.18%.
Institutional Investors Weigh In On Navigator
Large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Navigator by 30.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,680 shares of the shipping company's stock worth $46,000 after purchasing an additional 625 shares during the period. NBC Securities Inc. lifted its stake in shares of Navigator by 21.9% during the 4th quarter. NBC Securities Inc. now owns 4,696 shares of the shipping company's stock worth $81,000 after purchasing an additional 845 shares during the period. CWM LLC lifted its stake in shares of Navigator by 37.4% during the 4th quarter. CWM LLC now owns 4,627 shares of the shipping company's stock worth $80,000 after purchasing an additional 1,259 shares during the period. Focus Partners Wealth lifted its stake in shares of Navigator by 3.7% during the 3rd quarter. Focus Partners Wealth now owns 37,394 shares of the shipping company's stock worth $579,000 after purchasing an additional 1,334 shares during the period. Finally, Aquatic Capital Management LLC lifted its stake in shares of Navigator by 8.0% during the 3rd quarter. Aquatic Capital Management LLC now owns 18,194 shares of the shipping company's stock worth $282,000 after purchasing an additional 1,353 shares during the period. Institutional investors and hedge funds own 18.95% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on NVGS shares. Citigroup increased their target price on Navigator from $24.00 to $27.00 and gave the company a "buy" rating in a report on Tuesday, May 12th. Zacks Research cut Navigator from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 12th. Weiss Ratings cut Navigator from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday. Finally, Wall Street Zen cut Navigator from a "buy" rating to a "hold" rating in a report on Sunday, March 15th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $23.33.
View Our Latest Analysis on Navigator
Navigator Company Profile
(
Get Free Report)
Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company's fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator's vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.
Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).
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