R Squared Ltd Acquires New Position in Navigator Holdings Ltd. (NYSE:NVGS)

R Squared Ltd purchased a new position in shares of Navigator Holdings Ltd. (NYSE:NVGS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,042 shares of the shipping company’s stock, valued at approximately $31,000.

A number of other large investors also recently bought and sold shares of the stock. Royce & Associates LP raised its stake in shares of Navigator by 0.7% in the 3rd quarter. Royce & Associates LP now owns 898,403 shares of the shipping company’s stock valued at $14,437,000 after acquiring an additional 6,250 shares during the period. Millennium Management LLC raised its stake in shares of Navigator by 14.4% in the 2nd quarter. Millennium Management LLC now owns 661,288 shares of the shipping company’s stock valued at $11,546,000 after acquiring an additional 83,344 shares during the period. Hodges Capital Management Inc. raised its stake in shares of Navigator by 1.2% in the 3rd quarter. Hodges Capital Management Inc. now owns 549,988 shares of the shipping company’s stock valued at $8,838,000 after acquiring an additional 6,715 shares during the period. Portolan Capital Management LLC raised its stake in shares of Navigator by 4.6% in the 3rd quarter. Portolan Capital Management LLC now owns 300,408 shares of the shipping company’s stock valued at $4,828,000 after acquiring an additional 13,252 shares during the period. Finally, Graham Capital Wealth Management LLC purchased a new position in shares of Navigator in the 3rd quarter valued at $3,444,000. Hedge funds and other institutional investors own 18.95% of the company’s stock.

Navigator Price Performance

Shares of NVGS stock opened at $16.57 on Tuesday. The firm has a market cap of $1.21 billion, a P/E ratio of 14.66 and a beta of 1.45. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.75 and a quick ratio of 0.71. Navigator Holdings Ltd. has a 1-year low of $14.55 and a 1-year high of $18.18. The firm has a fifty day moving average of $15.87 and a two-hundred day moving average of $15.99.

Navigator Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Monday, November 25th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Monday, November 25th. Navigator’s dividend payout ratio is currently 17.70%.

Analyst Ratings Changes

NVGS has been the topic of a number of research reports. Alliance Global Partners initiated coverage on shares of Navigator in a research note on Monday, October 28th. They issued a “buy” rating and a $24.00 target price on the stock. 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. Finally, StockNews.com raised shares of Navigator from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Navigator currently has a consensus rating of “Buy” and a consensus 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.