Navigator Holdings Ltd. $NVGS Stock: Tectonic Advisors LLC Grows Stake

Tectonic Advisors LLC raised its stake in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 48.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,973 shares of the shipping company’s stock after purchasing an additional 38,571 shares during the period. Tectonic Advisors LLC owned 0.20% of Navigator worth $2,758,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NVGS. Ellsworth Advisors LLC lifted its stake in Navigator by 2.2% during the third quarter. Ellsworth Advisors LLC now owns 38,842 shares of the shipping company’s stock worth $900,000 after purchasing an additional 830 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in Navigator by 3.7% in the third quarter. TD Waterhouse Canada Inc. now owns 31,920 shares of the shipping company’s stock valued at $759,000 after acquiring an additional 1,141 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Navigator in the third quarter valued at about $43,000. 1492 Capital Management LLC raised its holdings in Navigator by 4.2% during the 1st quarter. 1492 Capital Management LLC now owns 178,024 shares of the shipping company’s stock worth $3,441,000 after purchasing an additional 7,150 shares during the last quarter. Finally, BTG Pactual Asset Management US LLC raised its holdings in Navigator by 72.3% during the 2nd quarter. BTG Pactual Asset Management US LLC now owns 18,797 shares of the shipping company’s stock worth $350,000 after purchasing an additional 7,890 shares during the last quarter. 18.95% of the stock is currently owned by institutional investors.

Navigator Trading Up 3.3%

Shares of NYSE:NVGS traded up $0.69 during midday trading on Friday, hitting $21.86. The company had a trading volume of 319,465 shares, compared to its average volume of 436,517. Navigator Holdings Ltd. has a 12 month low of $15.64 and a 12 month high of $25.48. The company has a current ratio of 1.71, a quick ratio of 1.62 and a debt-to-equity ratio of 0.61. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 0.54 and a beta of 0.48. The firm has a fifty day simple moving average of $22.81 and a 200 day simple moving average of $21.92.

Navigator (NYSE:NVGS) last released its quarterly earnings data on Wednesday, August 5th. The shipping company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.32. Navigator had a return on equity of 10.45% and a net margin of 22.80%. The business had revenue of $167.94 million during the quarter, compared to the consensus estimate of $139.46 million. On average, analysts predict that Navigator Holdings Ltd. will post 1.77 EPS for the current year.

Navigator Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Wednesday, August 19th. Navigator’s payout ratio is presently 12.90%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NVGS shares. Weiss Ratings raised shares of Navigator from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of Navigator from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Zacks Research downgraded shares of Navigator from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $23.00.

Insider Activity

In other news, insider Oeyvind Lindeman sold 7,500 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $21.68, for a total value of $162,600.00. Following the completion of the sale, the insider directly owned 7,246 shares of the company’s stock, valued at $157,093.28. This represents a 50.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter George Charles An Stokes sold 5,000 shares of the stock in a transaction that occurred 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 owned 6,910 shares in the company, valued at $140,134.80. This represents a 41.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is currently owned by insiders.

Navigator Profile

Navigator Holdings Ltd., operating under the name Navigator Gas, is a maritime transportation company that owns and operates a fleet of specialized gas carriers. The company transports liquefied petroleum gas (LPG), petrochemical gases such as ethylene and ethane, ammonia and other liquefied gases for energy, industrial and chemical customers.

Its fleet includes semi-refrigerated and fully pressurized vessels, as well as ethylene-capable carriers designed to handle cargoes requiring specialized containment and temperature controls.