Quadrature Capital Ltd Reduces Stock Position in Navigator Holdings Ltd. (NYSE:NVGS)

Quadrature Capital Ltd lowered its stake in Navigator Holdings Ltd. (NYSE:NVGS) by 30.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,463 shares of the shipping company’s stock after selling 21,907 shares during the quarter. Quadrature Capital Ltd owned 0.07% of Navigator worth $735,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its stake in shares of Navigator by 104.8% during the 3rd quarter. Acadian Asset Management LLC now owns 153,791 shares of the shipping company’s stock worth $2,261,000 after acquiring an additional 78,702 shares during the last quarter. First Dallas Securities Inc. purchased a new position in shares of Navigator during the 3rd quarter worth $721,000. M&T Bank Corp purchased a new position in shares of Navigator during the 4th quarter worth $437,000. SG Americas Securities LLC purchased a new position in shares of Navigator during the 4th quarter worth $383,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Navigator during the 4th quarter worth $319,000. Hedge funds and other institutional investors own 18.95% of the company’s stock.

Navigator Stock Up 0.8 %

Shares of NVGS stock opened at $16.72 on Friday. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 14.29 and a beta of 1.46. Navigator Holdings Ltd. has a one year low of $12.33 and a one year high of $17.82. The company’s fifty day moving average price is $16.19 and its 200-day moving average price is $15.55. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.15 and a quick ratio of 1.10.

Navigator (NYSE:NVGS) last announced its quarterly earnings data on Wednesday, May 15th. The shipping company reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. The firm had revenue of $119.97 million for the quarter, compared to the consensus estimate of $121.51 million. Navigator had a net margin of 15.68% and a return on equity of 6.86%. Sell-side analysts expect that Navigator Holdings Ltd. will post 1.44 EPS for the current fiscal year.

Navigator Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 4th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, June 4th. Navigator’s dividend payout ratio (DPR) is presently 17.09%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NVGS. Jefferies Financial Group restated a “buy” rating and set a $20.00 price objective on shares of Navigator in a research report on Thursday, March 14th. StockNews.com upgraded shares of Navigator from a “hold” rating to a “buy” rating in a research report on Tuesday, May 21st.

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.