Navigator Holdings Ltd. (NYSE:NVGS) Announces Quarterly Dividend of $0.05

Navigator Holdings Ltd. (NYSE:NVGS) declared a quarterly dividend on Monday, November 13th, Zacks reports. Shareholders of record on Thursday, December 7th will be given a dividend of 0.05 per share by the shipping company on Thursday, December 21st. This represents a $0.20 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, December 6th.

Navigator Stock Down 0.8 %

Shares of NVGS opened at $14.13 on Wednesday. The business’s 50 day simple moving average is $14.23 and its 200-day simple moving average is $13.65. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.53 and a quick ratio of 1.47. The company has a market capitalization of $1.05 billion, a P/E ratio of 14.13 and a beta of 1.57. Navigator has a one year low of $11.09 and a one year high of $15.21.

Navigator (NYSE:NVGS) last issued its quarterly earnings results on Thursday, August 17th. The shipping company reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. Navigator had a net margin of 13.99% and a return on equity of 6.00%. The business had revenue of $135.34 million during the quarter, compared to analyst estimates of $113.83 million. During the same quarter last year, the business posted $0.18 earnings per share. As a group, sell-side analysts predict that Navigator will post 1.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on NVGS shares. StockNews.com lowered Navigator from a “buy” rating to a “hold” rating in a research report on Monday. Jefferies Financial Group reiterated a “buy” rating and set a $18.00 price target on shares of Navigator in a research report on Tuesday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State of Tennessee Treasury Department bought a new stake in Navigator in the first quarter valued at approximately $43,000. State of Wyoming acquired a new stake in Navigator during the 4th quarter worth $113,000. Jane Street Group LLC acquired a new stake in Navigator during the 4th quarter worth $123,000. Bank of America Corp DE lifted its holdings 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 in the last quarter. Finally, New York State Common Retirement Fund acquired a new position in Navigator in the first quarter valued at about $138,000. Institutional investors own 18.48% of the company’s stock.

Navigator Company 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.