Key Points
- Insider sale: Navigator Holdings insider Oeyvind Lindeman sold 6,259 shares on May 29 at an average price of $21.70, totaling about $135,820.
- Strong recent earnings: The company reported quarterly EPS of $0.50, beating analysts’ estimate of $0.34, while revenue of $140.62 million also came in slightly above expectations.
- Dividend and analyst backdrop: Navigator declared a quarterly dividend of $0.07 per share, and analysts currently rate the stock a Moderate Buy with an average target price of $23.33.
Navigator Holdings Ltd. (NYSE:NVGS - Get Free Report) insider Oeyvind Lindeman sold 6,259 shares of the firm's stock in a transaction on Friday, May 29th. The stock was sold at an average price of $21.70, for a total transaction of $135,820.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Navigator Price Performance
Shares of Navigator stock opened at $22.21 on Wednesday. The firm has a market cap of $1.37 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 0.93 and a beta of 0.44. Navigator Holdings Ltd. has a 12-month low of $13.66 and a 12-month high of $24.36. The company has a quick ratio of 1.10, a current ratio of 1.16 and a debt-to-equity ratio of 0.59. The company's fifty day simple moving average is $21.25 and its two-hundred day simple moving average is $19.41.
Navigator (NYSE:NVGS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The shipping company reported $0.50 earnings per share (EPS) 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 analyst estimates of $139.35 million. Navigator had a net margin of 18.84% and a return on equity of 7.01%. As a group, equities analysts expect that Navigator Holdings Ltd. will post 1.98 EPS for the current year.
Navigator Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, May 20th. Navigator's dividend payout ratio (DPR) is 17.18%.
Institutional Investors Weigh In On Navigator
Several institutional investors and hedge funds have recently modified their holdings of NVGS. Geode Capital Management LLC purchased a new stake in shares of Navigator in the 2nd quarter worth about $5,677,000. Encompass Capital Advisors LLC lifted its position in shares of Navigator by 62.7% in the 1st quarter. Encompass Capital Advisors LLC now owns 1,034,216 shares of the shipping company's stock worth $19,991,000 after purchasing an additional 398,615 shares during the period. Bridgeway Capital Management LLC purchased a new stake in shares of Navigator in the 3rd quarter worth about $6,091,000. Ameriprise Financial Inc. purchased a new stake in shares of Navigator in the 2nd quarter worth about $4,773,000. Finally, First Manhattan CO. LLC. lifted its position in shares of Navigator by 27.8% in the 4th quarter. First Manhattan CO. LLC. now owns 1,430,009 shares of the shipping company's stock worth $24,768,000 after purchasing an additional 311,259 shares during the period. 18.95% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Weiss Ratings lowered shares of Navigator from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, May 20th. Wall Street Zen lowered shares of Navigator from a "buy" rating to a "hold" rating in a report on Sunday, March 15th. Citigroup raised their price target on shares of Navigator from $24.00 to $27.00 and gave the stock a "buy" rating in a report on Tuesday, May 12th. Finally, Zacks Research lowered shares of Navigator from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 12th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Navigator presently has an average rating of "Moderate Buy" and an average target price of $23.33.
View Our Latest Report on NVGS
About Navigator
(
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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