Graham Capital Wealth Management LLC Acquires New Holdings in Navigator Holdings Ltd. (NYSE:NVGS)

Graham Capital Wealth Management LLC bought a new stake in Navigator Holdings Ltd. (NYSE:NVGS) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 214,298 shares of the shipping company’s stock, valued at approximately $3,444,000. Navigator comprises about 3.5% of Graham Capital Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding. Graham Capital Wealth Management LLC owned 0.29% of Navigator as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new position in Navigator during the 2nd quarter valued at about $38,000. Quarry LP purchased a new stake in Navigator during the 2nd quarter worth approximately $48,000. Perkins Coie Trust Co acquired a new position in Navigator during the 2nd quarter valued at approximately $105,000. SG Americas Securities LLC raised its holdings in shares of Navigator by 9.1% in the third quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company’s stock worth $132,000 after buying an additional 684 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Navigator during the second quarter valued at $279,000. 18.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NVGS. DNB Markets started coverage on Navigator in a research note on Thursday, September 12th. They issued a “buy” rating and a $22.00 target price for the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $20.00 target price on shares of Navigator in a report on Thursday, August 15th. StockNews.com downgraded shares of Navigator from a “buy” rating to a “hold” rating in a report on Monday, October 14th. 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. Finally, Citigroup began coverage on shares of Navigator in a report on Wednesday, July 31st. They set a “buy” rating and a $22.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Navigator Stock Performance

Shares of NVGS traded up $0.06 during trading hours on Friday, hitting $15.85. The stock had a trading volume of 142,651 shares, compared to its average volume of 199,981. The firm has a 50-day moving average price of $16.13 and a 200 day moving average price of $16.29. Navigator Holdings Ltd. has a fifty-two week low of $13.72 and a fifty-two week high of $18.18. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 14.03 and a beta of 1.49. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.19.

Navigator (NYSE:NVGS) last posted its earnings results on Wednesday, August 14th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. Navigator had a net margin of 14.76% and a return on equity of 7.35%. The business had revenue of $129.55 million for the quarter, compared to analyst estimates of $117.92 million. As a group, research analysts anticipate that Navigator Holdings Ltd. will post 1.38 EPS for the current year.

Navigator Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 3rd were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Tuesday, September 3rd. Navigator’s dividend payout ratio (DPR) is presently 17.70%.

Navigator Company 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.