Navigator Holdings Ltd. (NYSE:NVGS) had been on the radar of institutional investor, Gagnon Securities LLC until recently, as per the company’s most recent filing with the Securities & Exchange Commission. During Quarter One of the fiscal year 2023, Gagnon Securities LLC divested its holdings in Navigator Holdings Ltd. by 5.8%. This meant that the institutional investor had sold off a total of 105,656 shares, leaving them holding 1,703,027 shares in Navigator Holdings Ltd., which accounted for approximately 5.0% of their investment portfolio. It is interesting to note that although Gagnon Securities LLC had cut back on shares it owned belonging to almost all significant positions it held in shipping companies, Navigator still retained its position as the third major holding for Gagnon Securities LLC.
The current market capitalization of Navigator Holdings Ltd is $650million and the stock’s previous earnings revealed that they stood at $0.31 EPS for Q1 of this fiscal year—outstanding analyst expectations by $0.09 EPS; whereas revenue stood at $136 million compared to consensus estimates of $105.95 million. The net margin (percentage profit) received was 9.23% with a return on equity standing at 4.29%, thus accounting for higher profitable growth than what compared to previous figures.
Whilst analysts continue to assess and weigh out their base case scenarios and potential values associated with NVGS’ performance with upcoming potential cash inflows expected later this quarter from operational activities aboard their fleet portfolios respectively, sell-side analysts are expecting NVGS to post earnings mildly around class average at around $1 dollar per share during this latter half of the fiscal year.
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Navigator Holdings Ltd.: Emerging as a Top Pick Among Institutional Investors in the Shipping Industry
Navigator Holdings Ltd. is a shipping company that specializes in the international seaborne transportation and regional distribution of liquefied petroleum gas, petrochemical gases, and ammonia. With a market capitalization of $988.68 million, Navigator has recently attracted the attention of several institutional investors and hedge funds.
According to recent reports, State of Wyoming acquired a new stake in shares of Navigator in the fourth quarter valued at $113,000. Jane Street Group LLC also acquired a new stake in shares of Navigator during the same period for $123,000. Bank of America Corp DE raised its holdings in shares of Navigator by 33.6% during the fourth quarter and now owns 11,459 shares valued at $137,000 after purchasing an additional 2,882 shares in the last quarter.
B. Riley Wealth Advisors Inc. also acquired a new stake in shares of Navigator in the third quarter valued at $160,000 while PDT Partners LLC raised its holdings by 20.4% during the first quarter and now owns 14,088 shares worth $172,000 after purchasing an additional 2,388 shares.
Currently, 18.52% of the stock is owned by institutional investors and hedge funds; however, it remains to be seen how much these investments will impact Navigator’s stock price.
On June 20th, NYSE NVGS opened at $12.81 with a debt-to-equity ratio of .70 and a current ratio of 1.56 as well as having quick ratio is at around 1.50.The firm’s fifty day moving average price stands at roughly $13.35 with its 200 day moving average price being approximately $12.95 per share.
The company’s financial performance has received mixed reviews from equities research analysts with TheStreet upgrading Navigator’s rating from “c” to “b-” while StockNews.com assigned a “hold” rating on the stock.
Despite the reviews, Navigator Holdings Ltd. remains a key player in the shipping industry with its long-standing reputation for providing exceptional international seaborne transportation and regional distribution services of various gases for energy companies, industrial users and commodity traders. For investors interested in following Navigator’s performance, they can visit HoldingsChannel.com to get the latest 13F filings and insider trades.