75,000 Shares in Navigator Holdings Ltd. $NVGS Bought by Monashee Investment Management LLC

Monashee Investment Management LLC purchased a new stake in Navigator Holdings Ltd. (NYSE:NVGS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 75,000 shares of the shipping company’s stock, valued at approximately $1,450,000.

A number of other institutional investors also recently bought and sold shares of the business. Sanctuary Advisors LLC purchased a new stake in Navigator during the first quarter worth approximately $660,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Navigator by 80.0% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 36,975 shares of the shipping company’s stock worth $715,000 after purchasing an additional 16,429 shares during the last quarter. Hodges Capital Management Inc. grew its holdings in shares of Navigator by 19.6% during the first quarter. Hodges Capital Management Inc. now owns 661,790 shares of the shipping company’s stock worth $12,792,000 after buying an additional 108,467 shares during the last quarter. First Dallas Securities Inc. acquired a new position in shares of Navigator in the first quarter valued at approximately $267,000. Finally, Strs Ohio raised its position in Navigator by 572.7% during the 1st quarter. Strs Ohio now owns 22,200 shares of the shipping company’s stock worth $429,000 after buying an additional 18,900 shares during the last quarter. 18.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NVGS has been the subject of several recent analyst reports. Citigroup raised their price target on Navigator from $24.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Zacks Research raised shares of Navigator from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 23rd. Finally, Weiss Ratings downgraded Navigator from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $23.33.

Insider Transactions at Navigator

In other Navigator news, insider Oeyvind Lindeman sold 6,259 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $21.70, for a total value of $135,820.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the chief operating officer owned 5,000 shares of the company’s stock, valued at approximately $118,150. This trade represents a 83.33% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.40% of the company’s stock.

Navigator Stock Down 1.7%

NVGS opened at $21.09 on Thursday. The firm has a 50 day moving average price of $21.64 and a 200 day moving average price of $20.33. Navigator Holdings Ltd. has a 1 year low of $14.08 and a 1 year high of $24.36. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.10 and a current ratio of 1.16. The company has a market cap of $1.30 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 0.85 and a beta of 0.46.

Navigator (NYSE:NVGS) last posted its earnings results on Wednesday, May 6th. The shipping company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.16. The business had revenue of $140.62 million for the quarter, compared to analyst estimates of $139.35 million. Navigator had a net margin of 18.84% and a return on equity of 7.01%. Sell-side analysts expect that Navigator Holdings Ltd. will post 2.12 earnings per share for the current year.

Navigator Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, May 20th. Navigator’s payout ratio is presently 17.18%.

Navigator Profile

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).