Value investing firm, Paragon Associates & Paragon Associates II Joint Venture, has reduced its stake in Navigator Holdings Ltd. (NYSE:NVGS) by 11.3% in the fourth quarter, selling 89,548 shares and leaving it with 700,000 shares. Navigator Holdings Ltd. is a shipping company that owns and operates a fleet of liquefied gas carriers worldwide. It provides transportation services for petrochemical gases, liquefied petroleum gases, and ammonia. The company also offers ship shore infrastructure and consultancy services. Paragon Associates & Paragon Associates II Joint Venture's largest position is Navigator Holdings Ltd., which makes up approximately 23.4% of its portfolio. Other large investors have also modified their holdings of NVGS. CWM LLC purchased a new stake in Navigator during the fourth quarter worth approximately $54,000. Semanteon Capital Management LP purchased a new stake in Navigator in the fourth quarter valued at approximately $221,000. Corton Capital Inc. purchased a new stake in Navigator in the third quarter valued at approximately $254,000. Jump Financial LLC increased its position in Navigator by 39.6% in the third quarter. Jump Financial LLC now owns 20,100 shares of the shipping company's stock valued at $297,000 after purchasing an additional 5,700 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Navigator in the fourth quarter valued at approximately $319,000. Hedge funds and other institutional investors own 18.95% of the company's stock [4bf5339f].
Navigator Holdings Ltd. has a market capitalization of $1.16 billion, a PE ratio of 13.57, and a beta of 1.46. The company's fifty-day moving average is $16.08 and its two-hundred-day moving average is $15.49. Navigator Holdings Ltd. has a one-year low of $12.33 and a one-year high of $17.82. The company reported $0.31 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.31. Navigator had a return on equity of 6.86% and a net margin of 15.68%. The firm had revenue of $119.97 million for the quarter, compared to the consensus estimate of $121.51 million. Analysts expect Navigator Holdings Ltd. to post 1.42 earnings per share for the current year. The company recently declared a quarterly dividend of $0.05 per share, which will be paid on Tuesday, June 25th. Investors of record on Tuesday, June 4th will receive the dividend. The ex-dividend date is Tuesday, June 4th. Navigator's dividend payout ratio is currently 17.09%. Several brokerages have commented on NVGS. Jefferies Financial Group reissued a 'buy' rating and issued a $20.00 price objective on shares of Navigator in a research report on Thursday, March 14th. The stock was upgraded from a 'hold' rating to a 'buy' rating by analysts on Tuesday, May 21st [4bf5339f].
Nordic American Tankers Limited (NAT) is a Bermuda-based tanker company that is engaged in acquiring and chartering double-hull tankers. In the first quarter, 18 hedge funds held positions in Nordic American Tankers Limited (NAT) and their stakes amounted to $20.25 million. The global crude oil tanker market is robust with constrained supply and increasing tonne-mile demand for crude oil transportation. Nordic American Tankers Limited (NAT) has profited from this factor due to its fleet of Suezmax tankers to meet global shipping demands efficiently. In the first quarter of 2024, the company reported a strong financial performance with a net profit of $15.1 million. On the Street, the stock sports a consensus Buy rating and analysts’ 1-year median price forecast implies an upside of 36% from current levels. The stock is trading at 8.75 times its forward earnings, a 20% discount to its sector and a 43% discount to its 5-year historical average.