Barclays PLC Boosts Holdings in Navigator Holdings Ltd. (NYSE:NVGS)

Barclays PLC boosted its position in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 10.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 19,640 shares of the shipping company’s stock after purchasing an additional 1,895 shares during the quarter. Barclays PLC’s holdings in Navigator were worth $316,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NVGS. Point72 Asset Management L.P. bought a new position in shares of Navigator in the second quarter worth approximately $38,000. Quarry LP purchased a new stake in Navigator during the 2nd quarter valued at $48,000. Millburn Ridgefield Corp purchased a new stake in Navigator during the 3rd quarter valued at $92,000. SG Americas Securities LLC boosted 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 valued at $132,000 after purchasing an additional 684 shares during the last quarter. Finally, Perkins Coie Trust Co increased its holdings in shares of Navigator by 66.7% in the 3rd quarter. Perkins Coie Trust Co now owns 10,000 shares of the shipping company’s stock worth $161,000 after purchasing an additional 4,000 shares in the last quarter. 18.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $20.00 price target on shares of Navigator in a report on Friday, November 22nd. Alliance Global Partners initiated coverage on shares of Navigator in a report on Monday, October 28th. They set a “buy” rating and a $24.00 price target on the stock. Finally, StockNews.com raised shares of Navigator from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $21.60.

Navigator Stock Up 0.3 %

NVGS stock opened at $16.71 on Monday. The business’s 50-day moving average is $15.76 and its two-hundred day moving average is $16.04. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 14.79 and a beta of 1.46. Navigator Holdings Ltd. has a fifty-two week low of $14.55 and a fifty-two 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.

Navigator Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, November 25th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Monday, November 25th. Navigator’s payout ratio is 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.