Paragon Associates & Paragon Associates II Joint Venture lifted its position in shares of Navigator Holdings Ltd (NYSE:NVGS) by 7.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,317,901 shares of the shipping company’s stock after buying an additional 92,901 shares during the quarter. Navigator comprises about 9.3% of Paragon Associates & Paragon Associates II Joint Venture’s holdings, making the stock its 4th largest position. Paragon Associates & Paragon Associates II Joint Venture owned 2.36% of Navigator worth $8,474,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cornerstone Investment Partners LLC increased its holdings in Navigator by 18.1% in the second quarter. Cornerstone Investment Partners LLC now owns 13,220 shares of the shipping company’s stock worth $85,000 after purchasing an additional 2,026 shares in the last quarter. Penbrook Management LLC increased its stake in shares of Navigator by 3.0% in the 2nd quarter. Penbrook Management LLC now owns 104,350 shares of the shipping company’s stock valued at $671,000 after acquiring an additional 3,000 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Navigator by 46.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 17,038 shares of the shipping company’s stock valued at $110,000 after acquiring an additional 5,430 shares in the last quarter. Two Sigma Advisers LP boosted its stake in Navigator by 60.0% during the first quarter. Two Sigma Advisers LP now owns 16,800 shares of the shipping company’s stock worth $75,000 after acquiring an additional 6,300 shares in the last quarter. Finally, Roubaix Capital LLC grew its holdings in Navigator by 3.6% in the second quarter. Roubaix Capital LLC now owns 247,368 shares of the shipping company’s stock worth $1,591,000 after purchasing an additional 8,583 shares during the period. 66.87% of the stock is owned by institutional investors and hedge funds.
Shares of Navigator stock traded down $0.29 during trading hours on Friday, reaching $9.15. The company’s stock had a trading volume of 39,393 shares, compared to its average volume of 86,970. The stock’s fifty day simple moving average is $8.37 and its two-hundred day simple moving average is $7.15. Navigator Holdings Ltd has a one year low of $3.80 and a one year high of $13.99. The company has a market capitalization of $510.82 million, a P/E ratio of -48.16 and a beta of 2.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.53 and a current ratio of 0.57.
Navigator (NYSE:NVGS) last issued its earnings results on Thursday, August 13th. The shipping company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $67.74 million for the quarter, compared to analyst estimates of $62.45 million. Navigator had a negative return on equity of 0.16% and a negative net margin of 3.56%. As a group, research analysts forecast that Navigator Holdings Ltd will post 0.3 earnings per share for the current year.
A number of equities analysts have recently issued reports on NVGS shares. Zacks Investment Research raised shares of Navigator from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Wednesday, August 19th. TheStreet raised Navigator from a “d” rating to a “c-” rating in a research note on Tuesday, September 1st. Finally, ValuEngine lowered Navigator from a “buy” rating to a “hold” rating in a research report on Monday, August 3rd.
Navigator Company Profile
Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. The company provides international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders. As of December 31, 2017, it owned and operated a fleet of 38 vessels.
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