Boothbay Fund Management LLC Invests $701,000 in Navigator Holdings Ltd. (NYSE:NVGS)

Boothbay Fund Management LLC bought a new stake in Navigator Holdings Ltd. (NYSE:NVGS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 45,653 shares of the shipping company’s stock, valued at approximately $701,000.

Several other large investors also recently bought and sold shares of the business. R Squared Ltd bought a new position in Navigator during the fourth quarter valued at $31,000. New Age Alpha Advisors LLC bought a new position in shares of Navigator in the 4th quarter valued at about $38,000. LPL Financial LLC grew its position in Navigator by 18.5% in the fourth quarter. LPL Financial LLC now owns 12,638 shares of the shipping company’s stock worth $194,000 after acquiring an additional 1,976 shares in the last quarter. Aristides Capital LLC increased its stake in Navigator by 10.5% during the fourth quarter. Aristides Capital LLC now owns 15,034 shares of the shipping company’s stock worth $231,000 after acquiring an additional 1,428 shares during the last quarter. Finally, Barclays PLC raised its position in 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 purchasing an additional 1,895 shares during the period. Institutional investors own 18.95% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “buy” rating and set a $20.00 price target on shares of Navigator in a report on Wednesday, March 12th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Navigator presently has an average rating of “Buy” and a consensus target price of $21.60.

Navigator Trading Up 2.0 %

NVGS opened at $12.97 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.45. The stock’s fifty day moving average is $13.38 and its two-hundred day moving average is $15.07. The company has a market capitalization of $900.09 million, a P/E ratio of 11.48 and a beta of 1.07. Navigator Holdings Ltd. has a 52 week low of $10.55 and a 52 week high of $18.18.

Navigator (NYSE:NVGS) last released its quarterly earnings data on Wednesday, March 12th. The shipping company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The firm had revenue of $144.03 million for the quarter, compared to the consensus estimate of $120.87 million. Navigator had a net margin of 14.48% and a return on equity of 7.40%. Analysts forecast that Navigator Holdings Ltd. will post 1.25 earnings per share for the current year.

Navigator Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Monday, March 24th. Navigator’s dividend payout ratio (DPR) is currently 16.67%.

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.