Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 3,303 Shares of Navigator Holdings Ltd. (NYSE:NVGS)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Navigator Holdings Ltd. (NYSE:NVGS) by 12.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 29,018 shares of the shipping company’s stock after acquiring an additional 3,303 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Navigator were worth $445,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVGS. R Squared Ltd purchased a new position in Navigator in the fourth quarter worth $31,000. Quarry LP boosted its holdings in Navigator by 61.0% in the third quarter. Quarry LP now owns 4,383 shares of the shipping company’s stock worth $70,000 after acquiring an additional 1,661 shares in the last quarter. Millburn Ridgefield Corp purchased a new stake in shares of Navigator during the third quarter worth about $92,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Navigator during the third quarter valued at about $273,000. Finally, Quantbot Technologies LP raised its position in shares of Navigator by 255.4% in the 3rd quarter. Quantbot Technologies LP now owns 17,602 shares of the shipping company’s stock valued at $283,000 after purchasing an additional 12,649 shares during the last quarter. Hedge funds and other institutional investors own 18.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “buy” rating and set a $20.00 price target on shares of Navigator in a research note on Wednesday, March 12th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $21.60.

Navigator Price Performance

Shares of NYSE:NVGS opened at $13.37 on Friday. Navigator Holdings Ltd. has a twelve month low of $13.29 and a twelve month high of $18.18. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45. The company has a market cap of $978.11 million, a PE ratio of 11.83 and a beta of 1.39. The company’s 50 day moving average is $15.47 and its 200 day moving average is $15.72.

Navigator (NYSE:NVGS) last issued its earnings results on Wednesday, March 12th. The shipping company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. The firm had revenue of $144.03 million during the quarter, compared to analysts’ expectations of $120.87 million. Navigator had a net margin of 14.48% and a return on equity of 7.40%. On average, sell-side analysts forecast that Navigator Holdings Ltd. will post 1.25 EPS for the current year.

Navigator Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $0.20 annualized dividend and a dividend yield of 1.50%. Navigator’s dividend payout ratio (DPR) is presently 16.67%.

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.