HighTower Advisors LLC Sells 158,182 Shares of Navigator Holdings Ltd. (NYSE:NVGS)

HighTower Advisors LLC cut its position in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 67.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,124 shares of the shipping company’s stock after selling 158,182 shares during the period. HighTower Advisors LLC’s holdings in Navigator were worth $1,206,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Graham Capital Wealth Management LLC bought a new stake in Navigator during the 3rd quarter valued at $3,444,000. Sei Investments Co. increased its holdings in shares of Navigator by 108.6% in the 2nd quarter. Sei Investments Co. now owns 70,256 shares of the shipping company’s stock valued at $1,227,000 after acquiring an additional 36,571 shares during the period. Moors & Cabot Inc. purchased a new position in shares of Navigator in the 3rd quarter valued at $1,210,000. Evergreen Capital Management LLC increased its holdings in shares of Navigator by 266.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 42,995 shares of the shipping company’s stock valued at $751,000 after acquiring an additional 31,250 shares during the period. Finally, 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 valued at $25,146,000 after acquiring an additional 356,134 shares during the period. 18.95% of the stock is owned by institutional investors.

Navigator Stock Down 3.0 %

Shares of NVGS stock opened at $14.98 on Tuesday. Navigator Holdings Ltd. has a 1-year low of $14.47 and a 1-year high of $18.18. The stock’s fifty day moving average price is $15.84 and its 200 day moving average price is $16.24. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.75 and a quick ratio of 0.71. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 13.26 and a beta of 1.47.

Navigator Dividend Announcement

The firm also recently announced 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 is Monday, November 25th. This represents a $0.20 annualized dividend and a yield of 1.34%. Navigator’s dividend payout ratio (DPR) is 17.70%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NVGS shares. Jefferies Financial Group reiterated a “buy” rating and issued a $20.00 price target on shares of Navigator in a report on Friday, November 22nd. Alliance Global Partners started coverage on Navigator in a report on Monday, October 28th. They issued a “buy” rating and a $24.00 price target on the stock. StockNews.com upgraded Navigator from a “hold” rating to a “buy” rating in a report on Friday, November 8th. DNB Markets started coverage on Navigator in a report on Thursday, September 12th. They issued a “buy” rating and a $22.00 price target on the stock. Finally, Clarkson Capital upgraded Navigator from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Thursday, August 22nd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $21.60.

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.