Oeyvind Lindeman Sells 7,500 Shares of Navigator (NYSE:NVGS) Stock

Navigator Holdings Ltd. (NYSE:NVGS) insider Oeyvind Lindeman sold 7,500 shares of Navigator stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $21.68, for a total value of $162,600.00. Following the transaction, the insider directly owned 7,246 shares in the company, valued at approximately $157,093.28. This trade represents a 50.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 Price Performance

NYSE NVGS opened at $22.24 on Wednesday. The company has a 50 day simple moving average of $21.01 and a 200-day simple moving average of $20.89. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.71 and a quick ratio of 1.62. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 0.57 and a beta of 0.46. Navigator Holdings Ltd. has a 52-week low of $14.08 and a 52-week high of $24.36.

Navigator (NYSE:NVGS) last announced its quarterly earnings data on Wednesday, August 5th. The shipping company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.32. The firm had revenue of $167.94 million for the quarter, compared to the consensus estimate of $139.46 million. Navigator had a net margin of 22.80% and a return on equity of 10.45%. Equities research analysts predict that Navigator Holdings Ltd. will post 1.76 earnings per share 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 of this dividend is Wednesday, August 19th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. Navigator’s dividend payout ratio (DPR) is 12.90%.

Hedge Funds Weigh In On Navigator

Several institutional investors have recently bought and sold shares of NVGS. First Manhattan CO. LLC. boosted 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 worth $24,768,000 after acquiring an additional 311,259 shares in the last quarter. Encompass Capital Advisors LLC lifted its holdings in 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 last quarter. Hodges Capital Management Inc. lifted its holdings in Navigator by 19.6% in the 1st quarter. Hodges Capital Management Inc. now owns 661,790 shares of the shipping company’s stock worth $12,792,000 after purchasing an additional 108,467 shares during the last quarter. Millennium Management LLC lifted its holdings in Navigator by 16.4% in the 1st quarter. Millennium Management LLC now owns 542,756 shares of the shipping company’s stock worth $7,224,000 after purchasing an additional 76,287 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted 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 worth $8,795,000 after purchasing an additional 114,532 shares during the period. 18.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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).