Navigator (NYSE:NVGS) Insider Oeyvind Lindeman Sells 7,500 Shares

Navigator Holdings Ltd. (NYSE:NVGS) insider Oeyvind Lindeman sold 7,500 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $21.68, for a total value of $162,600.00. Following the transaction, the insider owned 7,246 shares of the company’s stock, valued at $157,093.28. This trade represents a 50.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Oeyvind Lindeman also recently made the following trade(s):

• On Friday, May 29th, Oeyvind Lindeman sold 6,259 shares of Navigator stock. The shares were sold at an average price of $21.70, for a total value of $135,820.30.

Navigator Price Performance

Shares of NYSE NVGS opened at $22.30 on Tuesday. Navigator Holdings Ltd. has a fifty-two week low of $14.08 and a fifty-two week high of $24.36. The firm’s 50-day simple moving average is $21.01 and its 200 day simple moving average is $20.86. The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 0.61. The stock has a market cap of $1.38 billion, a P/E ratio of 10.28, a P/E/G ratio of 0.56 and a beta of 0.46.

Navigator (NYSE:NVGS) last announced its earnings results on Wednesday, August 5th. The shipping company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.32. The firm had revenue of $167.94 million during the quarter, compared to analyst estimates of $139.46 million. Navigator had a net margin of 22.80% and a return on equity of 10.45%. Equities analysts expect that Navigator Holdings Ltd. will post 1.76 EPS for the current year.

Navigator Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, August 19th. Navigator’s dividend payout ratio is currently 12.90%.

Analysts Set New Price Targets

Several equities research analysts recently commented on NVGS shares. Zacks Research cut Navigator from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Citigroup increased their price target on Navigator from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Weiss Ratings upgraded Navigator from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 5th. Finally, Wall Street Zen raised Navigator from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $23.33.

Hedge Funds Weigh In On Navigator

Several hedge funds have recently made changes to their positions in the business. Millennium Management LLC raised its holdings in shares of Navigator by 16.4% in the 1st quarter. Millennium Management LLC now owns 542,756 shares of the shipping company’s stock worth $7,224,000 after purchasing an additional 76,287 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Navigator by 18.0% during the first quarter. Goldman Sachs Group Inc. now owns 50,885 shares of the shipping company’s stock worth $677,000 after buying an additional 7,777 shares in the last quarter. Jane Street Group LLC grew its position in Navigator by 674.7% in the first quarter. Jane Street Group LLC now owns 85,843 shares of the shipping company’s stock worth $1,143,000 after buying an additional 74,762 shares during the last quarter. Geode Capital Management LLC acquired a new position in Navigator in the second quarter worth approximately $5,677,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Navigator by 118.1% in the second quarter. JPMorgan Chase & Co. now owns 79,438 shares of the shipping company’s stock valued at $1,124,000 after buying an additional 43,008 shares in the last quarter. Institutional investors and hedge funds own 18.95% of the company’s stock.

About Navigator

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).