Navigator Holdings Ltd. (NVGS) To Go Ex-Dividend on August 19th

Navigator Holdings Ltd. (NYSE:NVGS) announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Wednesday, August 19th will be given a dividend of 0.07 per share by the shipping company on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, August 19th.

Navigator has a dividend payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Navigator to earn $1.86 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 15.1%.

Navigator Trading Down 0.1%

NYSE NVGS opened at $20.99 on Monday. The company has a market cap of $1.30 billion, a P/E ratio of 9.67, a P/E/G ratio of 0.53 and a beta of 0.46. Navigator has a 12 month low of $14.08 and a 12 month high of $24.36. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.71 and a quick ratio of 1.62. The company has a 50-day moving average of $21.10 and a 200-day moving average of $20.71.

Navigator (NYSE:NVGS) last released its earnings results on Wednesday, August 5th. The shipping company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.32. Navigator had a net margin of 22.80% and a return on equity of 10.45%. The business had revenue of $167.94 million for the quarter, compared to analysts’ expectations of $139.46 million. As a group, equities analysts predict that Navigator will post 1.76 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Peter George Charles An Stokes sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $20.28, for a total transaction of $101,400.00. Following the completion of the sale, the director directly owned 6,910 shares of the company’s stock, valued at approximately $140,134.80. This represents a 41.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Oeyvind Lindeman sold 6,259 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $21.70, for a total value of $135,820.30. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 36,259 shares of company stock worth $827,970 over the last ninety days.

Institutional Investors Weigh In On Navigator

Several institutional investors and hedge funds have recently modified their holdings of NVGS. TD Waterhouse Canada Inc. grew 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 valued at $29,000 after buying an additional 1,540 shares in the last quarter. California State Teachers Retirement System acquired a new position in Navigator during the 2nd quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. boosted 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 during the period. Legal & General Group Plc acquired a new stake in Navigator in the second quarter valued at approximately $42,000. Finally, Russell Investments Group Ltd. acquired a new stake in Navigator in the third quarter valued at approximately $43,000. Hedge funds and other institutional investors own 18.95% of the company’s stock.

Navigator Company 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).