Barclays PLC Purchases 1,895 Shares of Navigator Holdings Ltd. (NYSE:NVGS)

Barclays PLC lifted its holdings in Navigator Holdings Ltd. (NYSE:NVGS) by 10.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,640 shares of the shipping company’s stock after acquiring an additional 1,895 shares during the period. Barclays PLC’s holdings in Navigator were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVGS. Point72 Asset Management L.P. bought a new stake in Navigator in the second quarter worth approximately $38,000. Quarry LP bought a new stake in shares of Navigator in the 2nd quarter valued at $48,000. Millburn Ridgefield Corp bought a new stake in shares of Navigator in the 3rd quarter valued at $92,000. SG Americas Securities LLC lifted its position in shares of 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 acquiring an additional 684 shares during the period. Finally, Perkins Coie Trust Co boosted 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. 18.95% of the stock is owned by institutional investors and hedge funds.

Navigator Stock Performance

Shares of NVGS opened at $15.79 on Friday. Navigator Holdings Ltd. has a 52 week low of $14.55 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 50 day moving average price of $15.56 and a two-hundred day moving average price of $16.09. The firm has a market capitalization of $1.16 billion, a P/E ratio of 13.97 and a beta of 1.46.

Navigator Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, November 25th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Monday, November 25th. Navigator’s payout ratio is currently 17.70%.

Analysts Set New Price Targets

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