Navigator Holdings Ltd. (NYSE:NVGS) Brief Interest Update

Navigator Holdings Ltd. (NYSE:NVGS) saw a sharp drop in short-term interest in January. As of January 15, there was short interest totaling 68,100 shares, down 28.5% from the total of 95,200 shares as of December 31. Based on an average trading volume of 101,600 shares, the short-term interest rate ratio is currently 0.7 days. Currently, 0.7% of the company’s shares are sold short.

Shares of Browser Stock traded down $0.18 on Monday, hitting $8.82. 68,213 shares of the company were traded, against an average volume of 61,546. The stock has a market capitalization of $492.99 million, a P/E ratio of 39.37 and a beta of 2.25. The company has a debt ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.21. Navigator has a 52-week low of $7.84 and a 52-week high of $12.46. The company has a 50-day simple moving average of $9.02 and a 200-day simple moving average of $8.92.

Navigator (NYSE:NVGS) last released its quarterly earnings data on Monday, November 29. The shipping company reported earnings per share (EPS) of $0.10 for the quarter, beating the consensus estimate of $0.06 by $0.04. The company posted revenue of $85.97 million for the quarter, versus $82.40 million expected by analysts. Navigator had a net margin of 3.64% and a return on equity of 1.27%. In the same quarter last year, the company posted earnings per share of $0.03. Research analysts expect Navigator to post earnings per share of 0.39 for the current year.

Several hedge funds have recently bought and sold shares of NVGS. Cubist Systematic Strategies LLC bought a new position in Navigator stock in the second quarter worth $30,000. Hollow Brook Wealth Management LLC bought a new position in Navigator during the second quarter worth $110,000. Wexford Capital LP bought a new position in Navigator during the second quarter worth $162,000. PDT Partners LLC increased its stake in Navigator by 10.9% during the second quarter. PDT Partners LLC now owns 16,621 shares of the shipping company worth $182,000 after purchasing an additional 1,635 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Navigator by 15.1% during the second quarter. JPMorgan Chase & Co. now owns 24,377 shares of the shipping company worth $267,000 after buying 3,201 additional shares during the period.

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Separately, Zacks Investment Research upgraded Navigator’s shares from a “sell” rating to a “hold” rating in a Wednesday, Dec. 29 research note.

About the browser

Navigator Holdings Ltd. owns and operates a fleet of conveniently sized liquefied gas carriers. It also provides international shipping and regional distribution services for liquefied petroleum gas, petrochemical gases and ammonia for energy companies, industrial users and commodity traders.

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