Navigator (NYSE:NVGS – Get Rating) released its quarterly earnings results on Tuesday. The shipping company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09, MarketWatch Earnings reports. Navigator had a return on equity of 4.29% and a net margin of 9.23%. The company had revenue of $136.00 million during the quarter, compared to analyst estimates of $105.95 million. During the same quarter last year, the business posted $0.16 earnings per share.
Navigator Price Performance
NVGS opened at $13.57 on Thursday. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 23.00 and a beta of 1.61. The company has a current ratio of 1.56, a quick ratio of 1.38 and a debt-to-equity ratio of 0.70. Navigator has a 12-month low of $9.81 and a 12-month high of $15.21. The business’s fifty day simple moving average is $13.49 and its 200-day simple moving average is $12.87.
Institutional Trading of Navigator
A number of hedge funds have recently added to or reduced their stakes in NVGS. JPMorgan Chase & Co. raised its stake in Navigator by 18.6% in the first quarter. JPMorgan Chase & Co. now owns 24,136 shares of the shipping company’s stock worth $295,000 after buying an additional 3,782 shares in the last quarter. Estabrook Capital Management lifted its holdings in shares of Navigator by 11.0% during the 1st quarter. Estabrook Capital Management now owns 60,500 shares of the shipping company’s stock valued at $739,000 after purchasing an additional 6,000 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Navigator by 14.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 586,001 shares of the shipping company’s stock worth $7,155,000 after purchasing an additional 74,000 shares in the last quarter. Gabelli Funds LLC grew its stake in Navigator by 25.0% during the 1st quarter. Gabelli Funds LLC now owns 125,053 shares of the shipping company’s stock worth $1,527,000 after buying an additional 25,000 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Navigator by 1.1% during the 1st quarter. Wellington Management Group LLP now owns 253,956 shares of the shipping company’s stock valued at $3,101,000 after buying an additional 2,813 shares in the last quarter. 23.68% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Navigator Holdings Ltd. owns and operates a fleet of handy-size liquefied gas carriers. It also provides international seaborne transportation and regional distribution services of liquefied petroleum gas, petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders.
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