Navigator Holdings Ltd. (NYSE:NVGS) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its position in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 12.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 529,941 shares of the shipping company’s stock after selling 74,000 shares during the period. Oppenheimer & Co. Inc. owned 0.72% of Navigator worth $8,516,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in Navigator by 9.1% during the 3rd quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company’s stock worth $132,000 after acquiring an additional 684 shares in the last quarter. Tectonic Advisors LLC lifted its holdings in shares of Navigator by 3.5% in the 3rd quarter. Tectonic Advisors LLC now owns 63,900 shares of the shipping company’s stock valued at $1,027,000 after purchasing an additional 2,152 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Navigator during the 2nd quarter worth approximately $38,000. Quarry LP acquired a new position in Navigator during the second quarter worth approximately $48,000. Finally, Perkins Coie Trust Co boosted its holdings in shares of Navigator by 66.7% in the third quarter. Perkins Coie Trust Co now owns 10,000 shares of the shipping company’s stock valued at $161,000 after acquiring an additional 4,000 shares during the period. 18.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NVGS shares. StockNews.com upgraded shares of Navigator from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Alliance Global Partners initiated coverage on shares of Navigator in a research note on Monday, October 28th. They set a “buy” rating and a $24.00 target price for the company. Citigroup initiated coverage on Navigator in a research report on Wednesday, July 31st. They issued a “buy” rating and a $22.00 price target on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $20.00 price objective on shares of Navigator in a research report on Thursday, November 7th. Finally, Clarkson Capital raised Navigator from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Thursday, August 22nd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $21.60.

Navigator Stock Performance

NYSE NVGS opened at $15.87 on Thursday. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 14.04 and a beta of 1.50. The business’s 50 day moving average is $15.94 and its two-hundred day moving average is $16.34. Navigator Holdings Ltd. has a 12-month low of $13.72 and a 12-month high of $18.18. 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 (NYSE:NVGS) last announced its quarterly earnings data on Wednesday, August 14th. The shipping company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Navigator had a return on equity of 7.40% and a net margin of 14.48%. The firm had revenue of $129.55 million for the quarter, compared to analyst estimates of $117.92 million. Research analysts expect that Navigator Holdings Ltd. will post 1.28 EPS for the current year.

Navigator Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Monday, November 25th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Monday, November 25th. Navigator’s dividend payout ratio is currently 17.70%.

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.