Navigator Holdings Ltd. (NYSE:NVGS) Receives $21.60 Consensus PT from Brokerages

Shares of Navigator Holdings Ltd. (NYSE:NVGS) have been given a consensus rating of “Buy” by the five analysts that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have covered the stock in the last year is $21.60.

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Navigator from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Jefferies Financial Group reaffirmed a “buy” rating and set a $20.00 price target on shares of Navigator in a research note on Friday, November 22nd. Finally, Alliance Global Partners initiated coverage on Navigator in a research report on Monday, October 28th. They set a “buy” rating and a $24.00 price objective on the stock.

Navigator Trading Up 0.3 %

Shares of Navigator stock opened at $16.71 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.75 and a quick ratio of 0.71. Navigator has a 1 year low of $14.55 and a 1 year high of $18.18. The firm has a market cap of $1.22 billion, a PE ratio of 14.79 and a beta of 1.46. The company has a 50 day simple moving average of $15.76 and a two-hundred day simple moving average of $16.07.

Navigator Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Monday, November 25th were issued a $0.05 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.20 annualized dividend and a dividend yield of 1.20%. Navigator’s dividend payout ratio is currently 17.70%.

Hedge Funds Weigh In On Navigator

Several institutional investors and hedge funds have recently bought and sold shares of NVGS. Encompass Capital Advisors LLC purchased a new stake in shares of Navigator during the second quarter valued at approximately $23,571,000. Royce & Associates LP boosted its position in Navigator by 0.7% during the 3rd quarter. Royce & Associates LP now owns 898,403 shares of the shipping company’s stock valued at $14,437,000 after buying an additional 6,250 shares during the period. Renaissance Technologies LLC grew its holdings in Navigator by 15.8% in the 2nd quarter. Renaissance Technologies LLC now owns 787,700 shares of the shipping company’s stock worth $13,753,000 after acquiring an additional 107,300 shares during the last quarter. Millennium Management LLC increased its position in shares of Navigator by 14.4% in the second quarter. Millennium Management LLC now owns 661,288 shares of the shipping company’s stock valued at $11,546,000 after acquiring an additional 83,344 shares during the period. Finally, First Eagle Investment Management LLC raised its stake in shares of Navigator by 3.8% during the second quarter. First Eagle Investment Management LLC now owns 560,038 shares of the shipping company’s stock valued at $9,778,000 after acquiring an additional 20,500 shares during the last quarter. 18.95% of the stock is currently owned by institutional investors.

About Navigator

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.