Navigator Holdings Ltd. (NYSE:NVGS - Get Free Report) insider Oeyvind Lindeman sold 7,500 shares of the firm's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $21.68, for a total transaction of $162,600.00. Following the completion of the transaction, the insider owned 7,246 shares of the company's stock, valued at approximately $157,093.28. The trade was a 50.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Oeyvind Lindeman also recently made the following trade(s):
- On Friday, May 29th, Oeyvind Lindeman sold 6,259 shares of Navigator stock. The stock was sold at an average price of $21.70, for a total transaction of $135,820.30.
Navigator Stock Up 0.7%
NVGS stock opened at $22.30 on Tuesday. Navigator Holdings Ltd. has a 52-week low of $14.08 and a 52-week high of $24.36. The company's 50 day simple moving average is $21.01 and its 200-day simple moving average is $20.86. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.71 and a quick ratio of 1.62. The firm has a market capitalization of $1.38 billion, a P/E ratio of 10.28, a P/E/G ratio of 0.56 and a beta of 0.46.
Navigator (NYSE:NVGS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The shipping company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.53 by $0.32. Navigator had a net margin of 22.80% and a return on equity of 10.45%. The business had revenue of $167.94 million during the quarter, compared to the consensus estimate of $139.46 million. As a group, equities research analysts anticipate that Navigator Holdings Ltd. will post 1.76 EPS for the current year.
Navigator Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. Navigator's dividend payout ratio is presently 12.90%.
Institutional Investors Weigh In On Navigator
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC purchased a new position in shares of Navigator during the 2nd quarter valued at $5,677,000. Encompass Capital Advisors LLC raised its holdings in shares of Navigator by 62.7% during the first quarter. Encompass Capital Advisors LLC now owns 1,034,216 shares of the shipping company's stock worth $19,991,000 after acquiring an additional 398,615 shares in the last quarter. Bridgeway Capital Management LLC acquired a new stake in Navigator during the third quarter valued at $6,091,000. Ameriprise Financial Inc. acquired a new stake in Navigator during the second quarter valued at $4,773,000. Finally, First Manhattan CO. LLC. boosted its position in Navigator by 27.8% during the fourth quarter. First Manhattan CO. LLC. now owns 1,430,009 shares of the shipping company's stock valued at $24,768,000 after purchasing an additional 311,259 shares during the last quarter. Hedge funds and other institutional investors own 18.95% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the company. Weiss Ratings upgraded Navigator from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 5th. Zacks Research downgraded Navigator from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 7th. Wall Street Zen upgraded Navigator from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Citigroup lifted their target price on Navigator from $24.00 to $27.00 and gave the company a "buy" rating in a research note on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $23.33.
View Our Latest Research Report on Navigator
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).
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
