Jane Street Group LLC Sells 2,884 Shares of Navigator Holdings Ltd. (NYSE:NVGS)

Jane Street Group LLC trimmed its holdings in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 13.3% during the third quarter, HoldingsChannel reports. The fund owned 18,773 shares of the shipping company’s stock after selling 2,884 shares during the quarter. Jane Street Group LLC’s holdings in Navigator were worth $302,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVGS. SG Americas Securities LLC grew its stake in shares of Navigator by 9.1% in the third quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company’s stock worth $132,000 after purchasing an additional 684 shares during the last quarter. Quarry LP grew its position in shares of Navigator by 61.0% in the 3rd quarter. Quarry LP now owns 4,383 shares of the shipping company’s stock valued at $70,000 after buying an additional 1,661 shares during the last quarter. Tectonic Advisors LLC increased its stake in shares of Navigator by 3.5% in the third quarter. Tectonic Advisors LLC now owns 63,900 shares of the shipping company’s stock valued at $1,027,000 after buying an additional 2,152 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Navigator during the second quarter worth about $38,000. Finally, Wexford Capital LP lifted its stake in shares of Navigator by 6.8% in the third quarter. Wexford Capital LP now owns 62,568 shares of the shipping company’s stock worth $1,005,000 after acquiring an additional 3,985 shares during the period. 18.95% of the stock is currently owned by institutional investors and hedge funds.

Navigator Stock Up 0.7 %

Navigator stock opened at $16.49 on Friday. The company has a market capitalization of $1.21 billion, a PE ratio of 14.59 and a beta of 1.46. Navigator Holdings Ltd. has a 12-month low of $14.55 and a 12-month high of $18.18. The firm’s fifty day moving average is $15.59 and its 200 day moving average is $16.09. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders 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 yield of 1.21%. Navigator’s payout ratio is currently 17.70%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NVGS. StockNews.com raised shares of Navigator from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. DNB Markets started coverage on shares of Navigator in a research report on Thursday, September 12th. They set a “buy” rating and a $22.00 price objective for the company. Alliance Global Partners began coverage on shares of Navigator in a report on Monday, October 28th. They issued a “buy” rating and a $24.00 target price on the stock. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $20.00 price target on shares of Navigator in a report on Friday, November 22nd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $21.60.

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.