Navigator Holdings Ltd. (NYSE:NVGS) Shares Bought by Hodges Capital Management Inc.

Hodges Capital Management Inc. increased its position in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 4.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 543,273 shares of the shipping company’s stock after purchasing an additional 20,738 shares during the quarter. Hodges Capital Management Inc. owned 0.74% of Navigator worth $9,486,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NVGS. Acadian Asset Management LLC grew its holdings in shares of Navigator by 145.7% during the first quarter. Acadian Asset Management LLC now owns 1,086,016 shares of the shipping company’s stock valued at $16,641,000 after purchasing an additional 644,011 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in Navigator by 17.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 673,500 shares of the shipping company’s stock worth $10,338,000 after buying an additional 102,224 shares during the last quarter. First Eagle Investment Management LLC increased its position in Navigator by 6.5% in the first quarter. First Eagle Investment Management LLC now owns 539,538 shares of the shipping company’s stock worth $8,282,000 after buying an additional 33,100 shares during the period. Wellington Management Group LLP lifted its stake in Navigator by 1.7% in the fourth quarter. Wellington Management Group LLP now owns 252,187 shares of the shipping company’s stock valued at $3,669,000 after buying an additional 4,208 shares during the last quarter. Finally, Estabrook Capital Management boosted its holdings in shares of Navigator by 5.4% during the fourth quarter. Estabrook Capital Management now owns 131,448 shares of the shipping company’s stock valued at $1,913,000 after acquiring an additional 6,700 shares during the period. Institutional investors and hedge funds own 18.95% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on NVGS shares. Clarkson Capital raised shares of Navigator from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Thursday, August 22nd. Citigroup began coverage on shares of Navigator in a research note on Wednesday, July 31st. They issued a “buy” rating and a $22.00 price target on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $20.00 price objective on shares of Navigator in a research report on Thursday, August 15th. Finally, StockNews.com lowered Navigator from a “buy” rating to a “hold” rating in a report on Thursday, August 29th.

Navigator Price Performance

Shares of Navigator stock traded down $0.11 during trading on Wednesday, hitting $15.88. The stock had a trading volume of 25,312 shares, compared to its average volume of 200,272. The business has a fifty day moving average of $16.60 and a two-hundred day moving average of $16.07. The firm has a market cap of $1.16 billion, a P/E ratio of 13.67 and a beta of 1.51. Navigator Holdings Ltd. has a fifty-two week low of $13.46 and a fifty-two week high of $18.18. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 1.13.

Navigator Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $0.20 annualized dividend and a yield of 1.26%. Navigator’s payout ratio is presently 17.09%.

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.