Minerva Advisors LLC Cuts Stock Position in Navigator Holdings Ltd. (NYSE:NVGS)

Minerva Advisors LLC cut its position in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 306,212 shares of the shipping company’s stock after selling 5,400 shares during the quarter. Navigator makes up about 2.9% of Minerva Advisors LLC’s investment portfolio, making the stock its 11th largest position. Minerva Advisors LLC owned 0.42% of Navigator worth $4,921,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Graham Capital Wealth Management LLC purchased a new position in shares of Navigator in the third quarter worth about $3,444,000. Sei Investments Co. raised its holdings in Navigator by 108.6% during the 2nd quarter. Sei Investments Co. now owns 70,256 shares of the shipping company’s stock valued at $1,227,000 after buying an additional 36,571 shares during the last quarter. Evergreen Capital Management LLC boosted its position in Navigator by 266.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 42,995 shares of the shipping company’s stock valued at $751,000 after buying an additional 31,250 shares during the period. Acadian Asset Management LLC grew its holdings in Navigator by 32.8% in the 2nd quarter. Acadian Asset Management LLC now owns 1,442,150 shares of the shipping company’s stock worth $25,146,000 after acquiring an additional 356,134 shares during the last quarter. Finally, Ghisallo Capital Management LLC purchased a new position in shares of Navigator in the second quarter valued at about $1,746,000. 18.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NVGS has been the subject of several research analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a $20.00 price objective on shares of Navigator in a report on Thursday, November 7th. Clarkson Capital upgraded shares of Navigator from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Thursday, August 22nd. Alliance Global Partners assumed coverage on shares of Navigator in a research report on Monday, October 28th. They issued a “buy” rating and a $24.00 target price for the company. Citigroup started coverage on shares of Navigator in a research report on Wednesday, July 31st. They set a “buy” rating and a $22.00 price target on the stock. Finally, StockNews.com raised shares of Navigator from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $21.60.

Navigator Price Performance

Shares of NYSE:NVGS opened at $16.19 on Tuesday. The business has a fifty day moving average price of $15.96 and a 200-day moving average price of $16.36. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.75 and a quick ratio of 0.71. The company has a market capitalization of $1.18 billion, a PE ratio of 14.33 and a beta of 1.50. Navigator Holdings Ltd. has a 1-year low of $13.85 and a 1-year high of $18.18.

Navigator Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Monday, November 25th will be paid a $0.05 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.20 annualized dividend and a dividend yield of 1.24%. Navigator’s dividend payout ratio is presently 17.70%.

About Navigator

Navigator Holdings Ltd. engages in owning and operating a fleet of liquefied gas carriers worldwide. It provides international and regional seaborne transportation services of petrochemical gases, liquefied petroleum gases, and ammonia for energy companies, industrial users, and commodity traders. The company also offers ship shore infrastructure and consultancy services.