Dynamic Technology Lab Private Ltd Acquires New Holdings in Navigator Holdings Ltd. (NYSE:NVGS)

Dynamic Technology Lab Private Ltd acquired a new position in Navigator Holdings Ltd. (NYSE:NVGS) in the third quarter, Holdings Channel reports. The fund acquired 16,985 shares of the shipping company’s stock, valued at approximately $273,000.

Other hedge funds also recently bought and sold shares of the company. Tidal Investments LLC raised its position in shares of Navigator by 18.4% in the 1st quarter. Tidal Investments LLC now owns 34,013 shares of the shipping company’s stock worth $522,000 after acquiring an additional 5,285 shares in the last quarter. Perkins Coie Trust Co purchased a new stake in shares of Navigator during the second quarter valued at about $105,000. Hodges Capital Management Inc. lifted its position in shares of Navigator by 4.0% during the second quarter. Hodges Capital Management Inc. now owns 543,273 shares of the shipping company’s stock valued at $9,486,000 after buying an additional 20,738 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Navigator by 32.8% in the 2nd quarter. Acadian Asset Management LLC now owns 1,442,150 shares of the shipping company’s stock worth $25,146,000 after buying an additional 356,134 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its position in shares of Navigator by 28.4% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 37,515 shares of the shipping company’s stock worth $655,000 after buying an additional 8,309 shares during the last quarter. Hedge funds and other institutional investors own 18.95% of the company’s stock.

Analyst Upgrades and Downgrades

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

Navigator Stock Performance

Shares of NVGS opened at $15.66 on Monday. 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 50-day moving average of $16.01 and a two-hundred day moving average of $16.35. The stock has a market cap of $1.15 billion, a P/E ratio of 13.86 and a beta of 1.50. Navigator Holdings Ltd. has a one year low of $13.85 and a one year high of $18.18.

Navigator Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors 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 dividend on an annualized basis and a yield of 1.28%. Navigator’s dividend payout ratio is currently 17.70%.

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.