Tidal Investments LLC Lowers Stake in Navigator Holdings Ltd. (NYSE:NVGS)

Tidal Investments LLC lessened its holdings in Navigator Holdings Ltd. (NYSE:NVGS) by 14.1% during the third quarter, Holdings Channel.com reports. The firm owned 31,900 shares of the shipping company’s stock after selling 5,220 shares during the quarter. Tidal Investments LLC’s holdings in Navigator were worth $513,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC grew its stake in shares of Navigator by 9.1% in 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 during the last quarter. Quarry LP increased its holdings in shares of Navigator by 61.0% during the third quarter. Quarry LP now owns 4,383 shares of the shipping company’s stock valued at $70,000 after acquiring an additional 1,661 shares in the last quarter. Barclays PLC raised its position in shares of Navigator by 10.7% in the 3rd quarter. Barclays PLC now owns 19,640 shares of the shipping company’s stock worth $316,000 after purchasing an additional 1,895 shares during the last quarter. Tectonic Advisors LLC boosted its stake in Navigator by 3.5% in the 3rd quarter. Tectonic Advisors LLC now owns 63,900 shares of the shipping company’s stock worth $1,027,000 after purchasing an additional 2,152 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Navigator during the 2nd quarter valued at about $38,000. Institutional investors own 18.95% of the company’s stock.

Navigator Stock Performance

Shares of NVGS opened at $14.93 on Monday. Navigator Holdings Ltd. has a one year low of $14.47 and a one year high of $18.18. The business has a fifty day moving average of $15.68 and a 200 day moving average of $16.16. 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 firm has a market capitalization of $1.09 billion, a P/E ratio of 13.21 and a beta of 1.47.

Navigator Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Monday, November 25th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Monday, November 25th. Navigator’s dividend payout ratio (DPR) is presently 17.70%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NVGS. StockNews.com upgraded shares of 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 target price for the company. DNB Markets began coverage on Navigator in a report on Thursday, September 12th. They set a “buy” rating and a $22.00 price target on the stock. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $20.00 price objective on shares of Navigator in a report on Friday, November 22nd. Six analysts have rated the stock with a buy rating, According to MarketBeat, Navigator currently has a consensus rating of “Buy” and a consensus 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.