Insider Selling: Navigator (NYSE:NVGS) Insider Sells $162,600.00 in Stock

Navigator Holdings Ltd. (NYSE:NVGS) insider Oeyvind Lindeman sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $21.68, for a total value of $162,600.00. Following the completion of the transaction, the insider directly owned 7,246 shares in the company, valued at $157,093.28. This trade represents a 50.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Oeyvind Lindeman also recently made the following trade(s):

• On Friday, May 29th, Oeyvind Lindeman sold 6,259 shares of Navigator stock. The shares were sold at an average price of $21.70, for a total value of $135,820.30.

Navigator Stock Down 3.3%

Navigator stock opened at $21.44 on Thursday. Navigator Holdings Ltd. has a 12 month low of $14.08 and a 12 month high of $24.36. The stock has a fifty day simple moving average of $21.00 and a two-hundred day simple moving average of $20.92. The company has a current ratio of 1.71, a quick ratio of 1.62 and a debt-to-equity ratio of 0.61. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 0.56 and a beta of 0.46.

Navigator (NYSE:NVGS) last announced its quarterly earnings results on Wednesday, August 5th. The shipping company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.32. Navigator had a return on equity of 10.45% and a net margin of 22.80%.The firm had revenue of $167.94 million for the quarter, compared to the consensus estimate of $139.46 million. Equities analysts predict that Navigator Holdings Ltd. will post 1.76 EPS for the current fiscal year.

Navigator Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.28 annualized dividend and a yield of 1.3%. Navigator’s dividend payout ratio is currently 12.90%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NVGS. Zacks Research downgraded shares of Navigator from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Weiss Ratings raised shares of Navigator from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. Citigroup increased their price objective on shares of Navigator from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen raised shares of Navigator from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $23.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. First Manhattan CO. LLC. grew its stake in shares of Navigator by 27.8% during the 4th quarter. First Manhattan CO. LLC. now owns 1,430,009 shares of the shipping company’s stock valued at $24,768,000 after purchasing an additional 311,259 shares during the period. Encompass Capital Advisors LLC lifted its stake in shares of Navigator by 62.7% in the 1st quarter. Encompass Capital Advisors LLC now owns 1,034,216 shares of the shipping company’s stock worth $19,991,000 after purchasing an additional 398,615 shares during the period. Hodges Capital Management Inc. boosted its holdings in shares of Navigator by 19.6% in the first quarter. Hodges Capital Management Inc. now owns 661,790 shares of the shipping company’s stock worth $12,792,000 after buying an additional 108,467 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Navigator by 16.4% in the first quarter. Millennium Management LLC now owns 542,756 shares of the shipping company’s stock worth $7,224,000 after buying an additional 76,287 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its position in Navigator by 29.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 507,779 shares of the shipping company’s stock valued at $8,795,000 after buying an additional 114,532 shares during the period. 18.95% of the stock is owned by hedge funds and other institutional investors.

About Navigator

Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company’s fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator’s vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.

Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).