Navigator Holdings Ltd. (NVGS) to Issue Quarterly Dividend of $0.08 on December 3rd

Navigator Holdings Ltd. (NYSE:NVGS) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Tuesday, November 17th will be given a dividend of $0.08 per share by the shipping company on Thursday, December 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, November 17th. This is a 14.3% increase from Navigator’s previous quarterly dividend of $0.07.

Navigator has a payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Navigator to earn $1.85 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 15.1%.

Navigator Price Performance

Shares of NVGS stock opened at $20.31 on Thursday. The business has a fifty day simple moving average of $22.65 and a 200 day simple moving average of $21.17. The company has a market cap of $1.24 billion, a P/E ratio of 6.91, a P/E/G ratio of 0.51 and a beta of 0.55. The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 0.61. Navigator has a twelve month low of $16.49 and a twelve month high of $25.48.

Navigator (NYSE:NVGS) last released its earnings results on Tuesday, November 3rd. The shipping company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $155.03 million for the quarter, compared to analysts’ expectations of $132.87 million. Navigator had a return on equity of 10.60% and a net margin of 30.06%. On average, sell-side analysts forecast that Navigator will post 1.77 EPS for the current fiscal year.

Insider Activity at Navigator

In other news, insider Oeyvind Lindeman sold 7,500 shares of Navigator stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $21.68, for a total transaction of $162,600.00. Following the transaction, the insider owned 7,246 shares in the company, valued at approximately $157,093.28. The trade was a 50.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter George Charles An Stokes sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $20.28, for a total transaction of $101,400.00. Following the completion of the sale, the director directly owned 6,910 shares in the company, valued at approximately $140,134.80. This represents a 41.98% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Encompass Capital Advisors LLC increased its stake in shares of Navigator by 62.7% in the first quarter. Encompass Capital Advisors LLC now owns 1,034,216 shares of the shipping company’s stock valued at $19,991,000 after buying an additional 398,615 shares during the period. Sei Investments Co. raised its position in shares of Navigator by 109.1% during the first quarter. Sei Investments Co. now owns 402,079 shares of the shipping company’s stock worth $7,772,000 after acquiring an additional 209,760 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Navigator by 3.9% in the first quarter. Empowered Funds LLC now owns 324,935 shares of the shipping company’s stock worth $6,281,000 after acquiring an additional 12,256 shares during the period. Squarepoint Ops LLC lifted its stake in shares of Navigator by 48.1% in the second quarter. Squarepoint Ops LLC now owns 122,310 shares of the shipping company’s stock worth $2,279,000 after acquiring an additional 39,720 shares during the period. Finally, Tectonic Advisors LLC lifted its stake in shares of Navigator by 48.0% in the third quarter. Tectonic Advisors LLC now owns 118,973 shares of the shipping company’s stock worth $2,758,000 after acquiring an additional 38,571 shares during the period. 18.95% of the stock is owned by institutional investors.

About Navigator

Navigator Holdings Ltd., operating under the name Navigator Gas, is a maritime transportation company that owns and operates a fleet of specialized gas carriers. The company transports liquefied petroleum gas (LPG), petrochemical gases such as ethylene and ethane, ammonia and other liquefied gases for energy, industrial and chemical customers.

Its fleet includes semi-refrigerated and fully pressurized vessels, as well as ethylene-capable carriers designed to handle cargoes requiring specialized containment and temperature controls.