Fmr LLC Acquires 92,999 Shares of Navigator Holdings Ltd. (NYSE:NVGS)

Fmr LLC boosted its holdings in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 108.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,600 shares of the shipping company’s stock after acquiring an additional 92,999 shares during the period. Fmr LLC’s holdings in Navigator were worth $2,870,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Acadian Asset Management LLC increased its holdings in shares of Navigator by 32.8% in the 2nd quarter. Acadian Asset Management LLC now owns 1,442,150 shares of the shipping company’s stock worth $25,146,000 after purchasing an additional 356,134 shares in the last quarter. Encompass Capital Advisors LLC purchased a new stake in shares of Navigator during the second quarter valued at $23,571,000. Royce & Associates LP increased its holdings in Navigator by 0.7% in the 3rd quarter. Royce & Associates LP now owns 898,403 shares of the shipping company’s stock worth $14,437,000 after buying an additional 6,250 shares in the last quarter. Renaissance Technologies LLC raised its position 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 buying an additional 107,300 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Navigator by 14.4% during the 2nd 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. Hedge funds and other institutional investors own 18.95% of the company’s stock.

Navigator Price Performance

Shares of Navigator stock opened at $15.45 on Friday. The firm has a market cap of $1.13 billion, a PE ratio of 13.67 and a beta of 1.47. The business has a 50-day moving average price of $15.84 and a 200 day moving average price of $16.25. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.45. Navigator Holdings Ltd. has a twelve month low of $14.34 and a twelve month high of $18.18.

Navigator Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Monday, November 25th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.20 annualized dividend and a yield of 1.29%. Navigator’s dividend payout ratio is presently 17.70%.

Analysts Set New Price Targets

NVGS has been the subject of several research analyst reports. DNB Markets assumed coverage on Navigator in a report on Thursday, September 12th. They issued a “buy” rating and a $22.00 price objective for the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $20.00 price target on shares of Navigator in a research report on Friday, November 22nd. StockNews.com raised shares of Navigator from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Alliance Global Partners assumed coverage on shares of Navigator in a report on Monday, October 28th. They set a “buy” rating and a $24.00 target price for the company. Finally, Clarkson Capital raised shares of Navigator from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Thursday, August 22nd. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $21.60.

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.