Navigator Holdings Ltd. (NYSE: NVGS – Get a rating) benefited from a sharp drop in short-term interest rates during the month of March. As of March 31, there was short interest totaling 69,700 shares, down 44.7% from the March 15 total of 126,000 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average trading volume of 92,200 shares, the day-to-cover ratio is currently 0.8 days.
Shares of Browser Stock traded down $0.27 on Friday, hitting $14.02. 261,637 shares of the company were traded, against an average volume of 164,580. Navigator has a 1-year low of $7.84 and a 1-year high of $14.11. The company has a market capitalization of $783.58 million, a price-earnings ratio of -31.16 and a beta of 2.15. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt ratio of 0.69. The company has a 50-day moving average of $11.19 and a 200-day moving average of $9.68.
Navigator (NYSE: NVGS – Get a rating) last released its quarterly results on Thursday, March 10. The shipping company reported earnings per share of $0.21 for the quarter, missing analyst consensus estimates of $0.25 per ($0.04). Navigator had a negative net margin of 9.20% and a positive return on equity of 2.65%. The company posted revenue of $107.52 million in the quarter, versus a consensus estimate of $96.47 million. Analysts predict Navigator will post 1.2 earnings per share for the current year.
Institutional investors and hedge funds have recently been buying and selling stocks. Gagnon Securities LLC increased its position in Navigator by 9.6% during the 4th quarter. Gagnon Securities LLC now owns 1,985,578 shares of the shipping company worth $17,612,000 after purchasing an additional 174,499 shares during the period. Gagnon Advisors LLC increased its position in Navigator by 12.2% during the 4th quarter. Gagnon Advisors LLC now owns 1,092,564 shares of the transportation company worth $9,691,000 after purchasing an additional 118,783 shares during the period. Gamco Investors Inc. ET AL increased its position in Navigator by 18.9% during the 4th quarter. Gamco Investors Inc. ET AL now owns 512,001 shares of the transportation company worth $4,541,000 after purchasing an additional 81,500 shares during the period. First Eagle Investment Management LLC increased its position in Navigator by 249.3% during the 4th quarter. First Eagle Investment Management LLC now owns 105,414 shares of the shipping company worth $935,000 after purchasing an additional 75,234 shares during the period. Finally, DE Shaw & Co. Inc. increased its position in Navigator by 114.4% during the 4th quarter. DE Shaw & Co. Inc. now owns 85,441 shares of the shipping company worth $758,000 after purchasing an additional 45,592 shares during the period. Institutional investors and hedge funds hold 33.26% of the company’s shares.
NVGS has been the subject of a number of analyst reports. Zacks Investment Research upgraded Navigator from a “hold” rating to a “strong sell” rating in a Wednesday, March 30 research note. StockNews.com launched coverage on Navigator in a research note on Thursday, March 31. They set a “buy” rating on the stock.
About the browser (Get a rating)
Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. The company provides international and regional shipping services of liquefied petroleum gas, petrochemical gases and ammonia for energy companies, industrial users and commodity traders. As of December 31, 2020, it operates a fleet of 38 semi or fully refrigerated liquefied gas carriers.
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