Brokerages Set Navigator Holdings Ltd. (NYSE:NVGS) PT at $21.60

Navigator Holdings Ltd. (NYSE:NVGS) has been assigned an average rating of “Buy” from the five ratings firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $21.60.

Several analysts have recently weighed in on NVGS shares. Alliance Global Partners started coverage on Navigator in a report on Monday, October 28th. They issued a “buy” rating and a $24.00 target price for the company. Clarkson Capital raised Navigator from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a report on Thursday, August 22nd. Jefferies Financial Group reissued a “buy” rating and issued a $20.00 target price on shares of Navigator in a report on Friday, November 22nd. DNB Markets started coverage on Navigator in a research note on Thursday, September 12th. They set a “buy” rating and a $22.00 price objective for the company. Finally, StockNews.com raised Navigator from a “hold” rating to a “buy” rating in a research note on Friday, November 8th.

Navigator Stock Down 1.5 %

Navigator stock opened at $15.64 on Friday. Navigator has a fifty-two week low of $13.85 and a fifty-two week high of $18.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.71 and a current ratio of 0.75. The company has a market capitalization of $1.14 billion, a P/E ratio of 13.84 and a beta of 1.50. The stock has a 50-day simple moving average of $16.03 and a 200-day simple moving average of $16.38.

Navigator Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.28%. The ex-dividend date is Monday, November 25th. Navigator’s dividend payout ratio is presently 17.70%.

Institutional Trading of Navigator

Several institutional investors and hedge funds have recently added to or reduced their stakes in NVGS. Point72 Asset Management L.P. purchased a new position in shares of Navigator during the 2nd quarter worth approximately $38,000. Quarry LP purchased a new position in shares of Navigator during the 2nd quarter worth approximately $48,000. Millburn Ridgefield Corp purchased a new position in shares of Navigator during the 3rd quarter worth approximately $92,000. Perkins Coie Trust Co purchased a new position in shares of Navigator during the 2nd quarter worth approximately $105,000. Finally, SG Americas Securities LLC raised its stake in shares of Navigator by 9.1% during the 3rd quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company’s stock worth $132,000 after buying an additional 684 shares in the last quarter. 18.95% of the stock is owned by hedge funds and other institutional investors.

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.