Navigator Holdings Ltd (NYSE:NVGS) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 245,800 shares, a decrease of 27.9% from the May 30th total of 341,000 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 114,900 shares, the short-interest ratio is presently 2.1 days.
Navigator stock traded up $0.19 during mid-day trading on Friday, hitting $10.34. The stock had a trading volume of 3,596 shares, compared to its average volume of 162,997. The stock has a market cap of $564.95 million, a price-to-earnings ratio of -205.60 and a beta of 1.06. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.07 and a quick ratio of 0.96. The company has a 50 day moving average of $9.71. Navigator has a one year low of $8.70 and a one year high of $13.05.
Navigator (NYSE:NVGS) last issued its earnings results on Monday, May 13th. The shipping company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.10). Navigator had a negative return on equity of 0.72% and a negative net margin of 3.14%. The firm had revenue of $76.10 million during the quarter, compared to the consensus estimate of $67.73 million. During the same period in the prior year, the company posted $0.01 EPS. The company’s quarterly revenue was down 2.2% on a year-over-year basis. On average, research analysts predict that Navigator will post 0.13 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in NVGS. Deutsche Bank AG raised its position in Navigator by 44.6% in the 4th quarter. Deutsche Bank AG now owns 7,406 shares of the shipping company’s stock worth $69,000 after purchasing an additional 2,286 shares during the period. Cornerstone Investment Partners LLC purchased a new stake in Navigator in the 1st quarter worth about $126,000. Osborn Williams & Donohoe LLC purchased a new stake in Navigator in the 1st quarter worth about $132,000. GSA Capital Partners LLP purchased a new stake in Navigator in the 4th quarter worth about $184,000. Finally, Acadian Asset Management LLC purchased a new stake in Navigator in the 1st quarter worth about $285,000. 68.98% of the stock is owned by institutional investors and hedge funds.
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.
Recommended Story: Earnings Per Share
Receive News & Ratings for Navigator Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navigator and related companies with MarketBeat.com's FREE daily email newsletter.