Navigator Holdings Ltd. (NYSE:NVGS) Position Reduced by Centiva Capital LP

Centiva Capital LP trimmed its stake in Navigator Holdings Ltd. (NYSE:NVGS) by 89.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,665 shares of the shipping company’s stock after selling 147,053 shares during the quarter. Centiva Capital LP’s holdings in Navigator were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Point72 Asset Management L.P. bought a new position in shares of Navigator in the second quarter worth about $38,000. Quarry LP acquired a new position in Navigator in the second quarter worth about $48,000. SG Americas Securities LLC boosted its stake in Navigator by 9.1% in the 3rd quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company’s stock valued at $132,000 after buying an additional 684 shares in the last quarter. Perkins Coie Trust Co raised its stake in Navigator by 66.7% during the third quarter. Perkins Coie Trust Co now owns 10,000 shares of the shipping company’s stock worth $161,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Navigator during the 3rd quarter valued at about $273,000. 18.95% of the stock is currently owned by hedge funds and other institutional investors.

Navigator Stock Down 0.8 %

Shares of NVGS stock opened at $15.53 on Thursday. Navigator Holdings Ltd. has a 52-week low of $13.87 and a 52-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 stock has a market cap of $1.14 billion, a price-to-earnings ratio of 13.74 and a beta of 1.47. The firm’s 50-day moving average is $15.89 and its 200-day moving average is $16.28.

Navigator Announces Dividend

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 issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Monday, November 25th. Navigator’s payout ratio is presently 17.70%.

Analysts Set New Price Targets

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