Navigator Holdings Ltd. (NYSE:NVGS) Given Consensus Recommendation of “Buy” by Analysts

Navigator Holdings Ltd. (NYSE:NVGS) has been assigned a consensus rating of “Buy” from the five research firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $21.60.

NVGS has been the subject of a number of recent analyst reports. Alliance Global Partners initiated coverage on Navigator in a report on Monday, October 28th. They set a “buy” rating and a $24.00 target price for the company. DNB Markets began coverage on shares of Navigator in a report on Thursday, September 12th. They issued a “buy” rating and a $22.00 price objective for the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $20.00 target price on shares of Navigator in a research note on Friday, November 22nd. Clarkson Capital raised shares of Navigator from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Thursday, August 22nd. Finally, StockNews.com raised Navigator from a “hold” rating to a “buy” rating in a research report on Friday, November 8th.

Institutional Trading of Navigator

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

Navigator Stock Performance

Shares of NYSE:NVGS opened at $14.98 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average price of $15.84 and a 200-day moving average price of $16.24. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 13.26 and a beta of 1.47. Navigator has a 12 month low of $14.47 and a 12 month high of $18.18.

Navigator Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Monday, November 25th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.20 dividend on an annualized basis and a yield of 1.34%. Navigator’s dividend payout ratio (DPR) is currently 17.70%.

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.