Michael Schroder Sells 25,000 Shares of Navigator (NYSE:NVGS) Stock

by · The Cerbat Gem

Navigator Holdings Ltd. (NYSE:NVGSGet Free Report) COO Michael Schroder sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $23.63, for a total value of $590,750.00. Following the completion of the transaction, the chief operating officer owned 5,000 shares of the company’s stock, valued at approximately $118,150. The trade was a 83.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Navigator Stock Down 2.2%

NVGS stock traded down $0.52 during midday trading on Friday, hitting $22.88. The stock had a trading volume of 187,835 shares, compared to its average volume of 395,929. The business has a 50-day moving average of $20.73 and a two-hundred day moving average of $19.14. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.16 and a quick ratio of 1.10. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 1.01 and a beta of 0.45. Navigator Holdings Ltd. has a 52-week low of $13.50 and a 52-week high of $24.36.

Navigator (NYSE:NVGSGet Free Report) last announced its earnings results on Wednesday, May 6th. The shipping company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.16. The firm had revenue of $140.62 million for the quarter, compared to analysts’ expectations of $139.35 million. Navigator had a net margin of 18.84% and a return on equity of 7.01%. As a group, equities research analysts forecast that Navigator Holdings Ltd. will post 1.98 earnings per share for the current fiscal year.

Navigator Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $0.28 annualized dividend and a yield of 1.2%. Navigator’s payout ratio is presently 17.18%.

Institutional Trading of Navigator

Several hedge funds have recently bought and sold shares of NVGS. TD Waterhouse Canada Inc. raised its stake in shares of Navigator by 1,124.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,677 shares of the shipping company’s stock worth $29,000 after buying an additional 1,540 shares during the period. California State Teachers Retirement System purchased a new stake in Navigator in the 2nd quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. increased its holdings in Navigator by 2,794.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,055 shares of the shipping company’s stock worth $32,000 after acquiring an additional 1,984 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Navigator during the 3rd quarter worth approximately $43,000. Finally, Legal & General Group Plc bought a new stake in Navigator during the 2nd quarter worth approximately $42,000. Institutional investors own 18.95% of the company’s stock.

Analyst Upgrades and Downgrades

NVGS has been the subject of several recent analyst reports. Weiss Ratings cut shares of Navigator from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Zacks Research lowered Navigator from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Wall Street Zen lowered shares of Navigator from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Finally, Citigroup increased their price objective on shares of Navigator from $24.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Navigator has an average rating of “Moderate Buy” and an average price target of $23.33.

Read Our Latest Stock Analysis on Navigator

About Navigator

(Get Free Report)

Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company’s fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator’s vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.

Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).

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