Sei Investments Co. Has $7.77 Million Holdings in Navigator Holdings Ltd. $NVGS

Sei Investments Co. raised its stake in Navigator Holdings Ltd. (NYSE:NVGS) by 109.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 402,079 shares of the shipping company’s stock after purchasing an additional 209,760 shares during the period. Sei Investments Co.’s holdings in Navigator were worth $7,772,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC bought a new position in shares of Navigator during the 2nd quarter worth about $5,677,000. Bridgeway Capital Management LLC bought a new stake in shares of Navigator in the third quarter valued at about $6,091,000. Ameriprise Financial Inc. bought a new stake in shares of Navigator in the second quarter valued at about $4,773,000. First Manhattan CO. LLC. grew its position in Navigator by 27.8% during the fourth quarter. First Manhattan CO. LLC. now owns 1,430,009 shares of the shipping company’s stock worth $24,768,000 after buying an additional 311,259 shares in the last quarter. Finally, LSV Asset Management acquired a new stake in Navigator during the fourth quarter worth about $3,108,000. 18.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Zacks Research upgraded Navigator from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. Citigroup lifted their price objective on Navigator from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings cut Navigator from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat.com, Navigator has an average rating of “Buy” and a consensus target price of $23.33.

Navigator Price Performance

Shares of NVGS stock opened at $22.30 on Monday. The stock’s fifty day simple moving average is $21.38 and its 200 day simple moving average is $20.53. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.16 and a quick ratio of 1.10. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 1.10 and a beta of 0.46. Navigator Holdings Ltd. has a one year low of $14.08 and a one year high of $24.36.

Navigator (NYSE:NVGS) last released its quarterly earnings data on Wednesday, May 6th. The shipping company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.16. Navigator had a return on equity of 7.01% and a net margin of 18.84%.The firm had revenue of $140.62 million during the quarter, compared to analyst estimates of $139.35 million. On average, analysts expect that Navigator Holdings Ltd. will post 1.7 earnings per share for the current fiscal year.

Navigator Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. Navigator’s dividend payout ratio is presently 17.18%.

Insider Activity

In related news, insider Oeyvind Lindeman sold 6,259 shares of Navigator stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $21.70, for a total transaction of $135,820.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Michael Schroder sold 25,000 shares of Navigator stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $23.63, for a total transaction of $590,750.00. Following the transaction, the chief operating officer directly owned 5,000 shares of the company’s stock, valued at $118,150. This represents a 83.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

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).