Navigator Holdings Ltd. (NYSE:NVGS) Shares Purchased by Estabrook Capital Management

Estabrook Capital Management lifted its position in Navigator Holdings Ltd. (NYSE:NVGS) by 71.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,948 shares of the shipping company’s stock after purchasing an additional 45,498 shares during the period. Estabrook Capital Management owned about 0.14% of Navigator worth $1,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Spire Wealth Management acquired a new position in Navigator during the first quarter worth $28,000. Compagnie Lombard Odier SCmA acquired a new position in Navigator during the first quarter worth $59,000. State of Wyoming acquired a new position in Navigator during the fourth quarter worth $113,000. Jane Street Group LLC acquired a new position in Navigator during the fourth quarter worth $123,000. Finally, Bank of America Corp DE raised its position in Navigator by 33.6% during the fourth quarter. Bank of America Corp DE now owns 11,459 shares of the shipping company’s stock worth $137,000 after acquiring an additional 2,882 shares during the period. 18.48% of the stock is currently owned by institutional investors and hedge funds.

Navigator Trading Up 1.7 %

NVGS stock traded up $0.24 during mid-day trading on Friday, hitting $14.00. 69,687 shares of the company were exchanged, compared to its average volume of 167,104. The company has a quick ratio of 1.47, a current ratio of 1.53 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $1.05 billion, a P/E ratio of 17.90 and a beta of 1.61. The business has a fifty day simple moving average of $13.50 and a 200-day simple moving average of $13.41. Navigator Holdings Ltd. has a 12-month low of $10.40 and a 12-month high of $15.21.

Navigator (NYSE:NVGS) last announced its earnings results on Thursday, August 17th. The shipping company reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. Navigator had a net margin of 11.53% and a return on equity of 4.62%. The company had revenue of $135.34 million during the quarter, compared to analyst estimates of $113.83 million. During the same quarter last year, the firm posted $0.18 earnings per share. On average, equities research analysts predict that Navigator Holdings Ltd. will post 1.13 earnings per share for the current fiscal year.

Navigator Announces Dividend

The company also recently announced a — dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a yield of 1.5%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Navigator in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Jefferies Financial Group reiterated a “buy” rating and issued a $18.00 target price on shares of Navigator in a research report on Thursday, August 17th.

Navigator Profile

Navigator Holdings Ltd. owns and operates 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.