Cubist Systematic Strategies LLC Has $823,000 Position in Navigator Holdings Ltd. (NYSE:NVGS)

Cubist Systematic Strategies LLC reduced its stake in Navigator Holdings Ltd. (NYSE:NVGS) by 53.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,638 shares of the shipping company’s stock after selling 61,396 shares during the period. Cubist Systematic Strategies LLC owned about 0.07% of Navigator worth $823,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NVGS. 683 Capital Management LLC acquired a new stake in shares of Navigator in the 4th quarter valued at approximately $2,916,000. Harvey Capital Management Inc. acquired a new stake in shares of Navigator in the 4th quarter valued at approximately $2,504,000. Hodges Capital Management Inc. boosted its stake in shares of Navigator by 24.8% in the 4th quarter. Hodges Capital Management Inc. now owns 686,148 shares of the shipping company’s stock valued at $10,532,000 after purchasing an additional 136,160 shares in the last quarter. Royce & Associates LP boosted its position in Navigator by 11.4% during the 4th quarter. Royce & Associates LP now owns 1,001,114 shares of the shipping company’s stock worth $15,367,000 after buying an additional 102,711 shares during the period. Finally, Gagnon Securities LLC boosted its position in Navigator by 7.3% during the 4th quarter. Gagnon Securities LLC now owns 852,608 shares of the shipping company’s stock worth $13,088,000 after buying an additional 57,966 shares during the period. 18.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NVGS has been the topic of several recent research reports. Jefferies Financial Group reiterated a “buy” rating and set a $20.00 target price on shares of Navigator in a research report on Wednesday, March 12th. StockNews.com downgraded shares of Navigator from a “buy” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Navigator currently has a consensus rating of “Moderate Buy” and an average target price of $21.60.

Navigator Stock Down 1.3%

NYSE:NVGS opened at $13.70 on Thursday. The firm’s 50 day simple moving average is $13.00 and its 200 day simple moving average is $14.88. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.75 and a quick ratio of 0.71. Navigator Holdings Ltd. has a one year low of $10.55 and a one year high of $18.18. The company has a market cap of $950.75 million, a PE ratio of 12.12 and a beta of 0.77.

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

Navigator Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.46%. Navigator’s dividend payout ratio (DPR) is currently 16.67%.

Navigator Profile

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.