Navigator Holdings Ltd. (NYSE:NVGS – Get Free Report) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Wednesday, May 20th will be given a dividend of 0.07 per share by the shipping company on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, May 20th.
Navigator has a dividend payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Navigator to earn $2.10 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 13.3%.
Navigator Stock Performance
Shares of NVGS stock opened at $23.82 on Monday. The stock has a market capitalization of $1.47 billion, a PE ratio of 14.61, a PEG ratio of 1.29 and a beta of 0.45. The business’s 50 day simple moving average is $20.49 and its 200 day simple moving average is $18.92. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.16 and a quick ratio of 1.10. Navigator has a one year low of $13.50 and a one year high of $23.87.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. increased its holdings in shares of Navigator by 1,124.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,677 shares of the shipping company’s stock valued at $29,000 after acquiring an additional 1,540 shares in the last quarter. California State Teachers Retirement System bought a new position in shares of Navigator in the 2nd quarter worth $29,000. Northwestern Mutual Wealth Management Co. grew its position in Navigator by 2,794.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,055 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 1,984 shares during the period. Legal & General Group Plc bought a new stake in Navigator during the 2nd quarter valued at $42,000. Finally, Russell Investments Group Ltd. bought a new stake in Navigator during the 3rd quarter valued at $43,000. Institutional investors 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).
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