New Age Alpha Advisors LLC Buys New Holdings in Navigator Holdings Ltd. (NYSE:NVGS)

New Age Alpha Advisors LLC purchased a new position in shares of Navigator Holdings Ltd. (NYSE:NVGS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,484 shares of the shipping company’s stock, valued at approximately $38,000.

A number of other institutional investors have also recently bought and sold shares of NVGS. R Squared Ltd bought a new position in shares of Navigator during the 4th quarter worth about $31,000. Quarry LP raised its position in Navigator by 61.0% in the third quarter. Quarry LP now owns 4,383 shares of the shipping company’s stock worth $70,000 after purchasing an additional 1,661 shares in the last quarter. Millburn Ridgefield Corp bought a new position in Navigator during the third quarter worth about $92,000. LPL Financial LLC boosted its holdings in Navigator by 18.5% during the fourth quarter. LPL Financial LLC now owns 12,638 shares of the shipping company’s stock valued at $194,000 after purchasing an additional 1,976 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of Navigator by 255.4% in the 3rd quarter. Quantbot Technologies LP now owns 17,602 shares of the shipping company’s stock valued at $283,000 after purchasing an additional 12,649 shares during the period. Institutional investors and hedge funds own 18.95% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Navigator Stock Performance

NYSE:NVGS opened at $12.24 on Friday. The stock has a market capitalization of $849.43 million, a P/E ratio of 10.83 and a beta of 1.07. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45. Navigator Holdings Ltd. has a 1 year low of $12.22 and a 1 year high of $18.18. The firm has a 50 day moving average of $15.11 and a 200-day moving average of $15.64.

Navigator (NYSE:NVGS) last posted its quarterly earnings data on Wednesday, March 12th. The shipping company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. Navigator had a return on equity of 7.40% and a net margin of 14.48%. The company had revenue of $144.03 million for the quarter, compared to analyst estimates of $120.87 million. As a group, sell-side analysts anticipate that Navigator Holdings Ltd. will post 1.25 EPS for the current fiscal year.

Navigator Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Monday, March 24th. Navigator’s dividend payout ratio is currently 16.67%.

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.