XTX Topco Ltd Acquires New Holdings in Navigator Holdings Ltd. (NYSE:NVGS)

XTX Topco Ltd acquired a new stake in shares of Navigator Holdings Ltd. (NYSE:NVGS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,004 shares of the shipping company’s stock, valued at approximately $279,000.

Other institutional investors also recently bought and sold shares of the company. Perkins Coie Trust Co acquired a new stake in Navigator in the second quarter valued at approximately $105,000. Aristides Capital LLC acquired a new stake in Navigator in the first quarter valued at approximately $252,000. Levin Capital Strategies L.P. boosted its stake in Navigator by 74.7% in the first quarter. Levin Capital Strategies L.P. now owns 22,449 shares of the shipping company’s stock valued at $345,000 after acquiring an additional 9,600 shares in the last quarter. MQS Management LLC boosted its stake in Navigator by 62.8% in the first quarter. MQS Management LLC now owns 26,285 shares of the shipping company’s stock valued at $403,000 after acquiring an additional 10,142 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Navigator by 13.5% in the first quarter. SG Americas Securities LLC now owns 29,884 shares of the shipping company’s stock valued at $459,000 after acquiring an additional 3,546 shares in the last quarter. 18.95% of the stock is currently owned by institutional investors and hedge funds.

Navigator Trading Down 0.4 %

Shares of NYSE:NVGS opened at $16.37 on Friday. The business has a 50-day moving average price of $16.08 and a 200-day moving average price of $16.15. The company has a quick ratio of 1.13, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 13.99 and a beta of 1.50. Navigator Holdings Ltd. has a 52-week low of $13.68 and a 52-week high of $18.18.

Navigator (NYSE:NVGS) last announced its quarterly earnings results on Wednesday, August 14th. The shipping company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $129.55 million during the quarter, compared to analysts’ expectations of $117.92 million. Navigator had a return on equity of 7.35% and a net margin of 14.76%. Equities analysts predict that Navigator Holdings Ltd. will post 1.38 EPS for the current year.

Navigator Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 3rd were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.22%. The ex-dividend date was Tuesday, September 3rd. Navigator’s dividend payout ratio is currently 17.09%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NVGS shares. StockNews.com downgraded shares of Navigator from a “buy” rating to a “hold” rating in a research note on Saturday. DNB Markets began coverage on Navigator in a research report on Thursday, September 12th. They set a “buy” rating and a $22.00 price target for the company. Clarkson Capital raised Navigator from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Thursday, August 22nd. Jefferies Financial Group restated a “buy” rating and issued a $20.00 price objective on shares of Navigator in a research note on Thursday, August 15th. Finally, Citigroup started coverage on Navigator in a research note on Wednesday, July 31st. They issued a “buy” rating and a $22.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Navigator Company 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.