Semanteon Capital Management LP Makes New Investment in Navigator Holdings Ltd. (NYSE:NVGS)

Semanteon Capital Management LP bought a new position in Navigator Holdings Ltd. (NYSE:NVGS) during the fourth quarter, HoldingsChannel.com reports. The fund bought 15,190 shares of the shipping company’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CWM LLC purchased a new stake in Navigator in the fourth quarter worth $54,000. Cornerstone Investment Partners LLC grew its position in shares of Navigator by 24.2% during the 4th quarter. Cornerstone Investment Partners LLC now owns 41,708 shares of the shipping company’s stock worth $607,000 after buying an additional 8,114 shares in the last quarter. Tectonic Advisors LLC grew its position in shares of Navigator by 6.4% during the 4th quarter. Tectonic Advisors LLC now owns 47,677 shares of the shipping company’s stock worth $694,000 after buying an additional 2,881 shares in the last quarter. Penbrook Management LLC grew 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 worth $1,584,000 after buying an additional 13,850 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Navigator during the 4th quarter worth $383,000. Hedge funds and other institutional investors own 18.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating and set a $20.00 price target on shares of Navigator in a research report on Thursday, March 14th.

Navigator Price Performance

NVGS opened at $15.22 on Friday. Navigator Holdings Ltd. has a 12-month low of $12.32 and a 12-month high of $16.48. The company has a current ratio of 1.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.59. The business’s fifty day simple moving average is $15.16 and its 200-day simple moving average is $14.97. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 13.71 and a beta of 1.46.

Navigator (NYSE:NVGS) last issued its quarterly earnings data on Wednesday, March 13th. The shipping company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Navigator had a return on equity of 6.96% and a net margin of 14.94%. The company had revenue of $123.52 million for the quarter, compared to the consensus estimate of $114.37 million. On average, equities research analysts anticipate that Navigator Holdings Ltd. will post 1.45 earnings per share for the current fiscal year.

Navigator Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 4th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Wednesday, April 3rd. Navigator’s payout ratio is currently 18.02%.

Navigator Profile

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.