Farther Finance Advisors LLC Sells 1,079 Shares of Navigator Holdings Ltd. (NYSE:NVGS)

Farther Finance Advisors LLC lowered its position in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 35.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,979 shares of the shipping company’s stock after selling 1,079 shares during the period. Farther Finance Advisors LLC’s holdings in Navigator were worth $32,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Graham Capital Wealth Management LLC bought a new position in Navigator in the 3rd quarter worth about $3,444,000. Tectonic Advisors LLC increased its position in shares of Navigator by 3.5% during the 3rd quarter. Tectonic Advisors LLC now owns 63,900 shares of the shipping company’s stock valued at $1,027,000 after purchasing an additional 2,152 shares during the last quarter. Perkins Coie Trust Co grew its holdings in Navigator by 66.7% during the third quarter. Perkins Coie Trust Co now owns 10,000 shares of the shipping company’s stock valued at $161,000 after purchasing an additional 4,000 shares during the period. SG Americas Securities LLC raised its stake in 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 acquiring an additional 684 shares during the period. Finally, Ghisallo Capital Management LLC bought a new position in Navigator in the 2nd quarter worth $1,746,000. Hedge funds and other institutional investors own 18.95% of the company’s stock.

Navigator Stock Performance

Shares of NVGS opened at $16.27 on Friday. Navigator Holdings Ltd. has a one year low of $13.85 and a one year high of $18.18. The stock has a 50-day moving average of $15.94 and a two-hundred day moving average of $16.34. 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 $1.19 billion, a P/E ratio of 14.37 and a beta of 1.50.

Navigator (NYSE:NVGS) last issued its earnings results on Wednesday, August 14th. The shipping company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $129.55 million for the quarter, compared to the consensus estimate of $117.92 million. Navigator had a return on equity of 7.40% and a net margin of 14.48%. As a group, research analysts predict that Navigator Holdings Ltd. will post 1.28 EPS for the current year.

Navigator Announces Dividend

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 given a $0.05 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.20 annualized dividend and a yield of 1.23%. Navigator’s dividend payout ratio is presently 17.70%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Clarkson Capital raised Navigator from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Thursday, August 22nd. Alliance Global Partners started coverage on Navigator in a research report on Monday, October 28th. They issued a “buy” rating and a $24.00 price objective on the stock. Citigroup started coverage on Navigator in a report on Wednesday, July 31st. They set a “buy” rating and a $22.00 price objective on the stock. StockNews.com upgraded shares of Navigator from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $20.00 price target on shares of Navigator in a report on Thursday, November 7th. Six analysts have rated the stock with a buy rating, According to MarketBeat, Navigator has a consensus rating of “Buy” and an average target price 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.