Minerva Advisors LLC maintained its stake in shares of Navigator Holdings Ltd. (NYSE:NVGS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 381,534 shares of the company’s stock at the end of the second quarter. Navigator Holdings makes up approximately 3.0% of Minerva Advisors LLC’s portfolio, making the stock its 10th largest position. Minerva Advisors LLC’s holdings in Navigator Holdings were worth $4,388,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Huntington Asset Advisors Inc. acquired a new stake in shares of Navigator Holdings during the first quarter valued at approximately $123,000. Acadian Asset Management LLC boosted its stake in Navigator Holdings by 357.9% in the second quarter. Acadian Asset Management LLC now owns 10,778 shares of the company’s stock worth $124,000 after buying an additional 8,424 shares in the last quarter. K.J. Harrison & Partners Inc purchased a new stake in Navigator Holdings during the second quarter worth approximately $138,000. HBK Investments L P purchased a new stake in Navigator Holdings during the first quarter worth approximately $252,000. Finally, Royce & Associates LP boosted its stake in Navigator Holdings by 7.5% in the first quarter. Royce & Associates LP now owns 346,000 shares of the company’s stock worth $5,588,000 after buying an additional 24,000 shares in the last quarter. Institutional investors own 74.81% of the company’s stock.
Shares of Navigator Holdings Ltd. (NYSE:NVGS) traded down 4.10% during trading on Friday, reaching $7.25. 234,608 shares of the company were exchanged. The stock’s 50-day moving average is $7.24 and its 200-day moving average is $11.49. Navigator Holdings Ltd. has a 52-week low of $6.47 and a 52-week high of $17.67. The firm has a market cap of $401.92 million, a price-to-earnings ratio of 5.18 and a beta of 1.16.
Navigator Holdings (NYSE:NVGS) last issued its earnings results on Monday, August 8th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by $0.04. Navigator Holdings had a net margin of 25.18% and a return on equity of 8.42%. The company earned $72.54 million during the quarter, compared to analyst estimates of $70.75 million. During the same quarter in the prior year, the business earned $0.49 EPS. The business’s quarterly revenue was down 13.8% on a year-over-year basis. Equities research analysts predict that Navigator Holdings Ltd. will post $0.82 earnings per share for the current fiscal year.
A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Navigator Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 28th. Jefferies Group restated a “buy” rating and issued a $15.00 price objective on shares of Navigator Holdings in a research report on Wednesday, August 10th. Stifel Nicolaus lowered their price objective on shares of Navigator Holdings from $25.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, July 22nd. Finally, Morgan Stanley cut shares of Navigator Holdings from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $14.50 to $7.00 in a research report on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $13.33.
About Navigator Holdings
Navigator Holdings Ltd. is an owner and operator of a fleet of handysize liquefied gas carriers. The Company provides international and regional seaborne transportation services of liquefied petroleum gas (LPG), petrochemical gases and ammonia. The Company’s fleet consists of over 40 vessels, including eight newbuilding vessels.
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