Navigator Holdings Ltd (NYSE:NVGS) Short Interest Up 25.4% in May

Navigator Holdings Ltd (NYSE:NVGS) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 386,600 shares, an increase of 25.4% from the April 30th total of 308,300 shares. Based on an average trading volume of 86,900 shares, the days-to-cover ratio is currently 4.4 days. Currently, 1.3% of the shares of the stock are sold short.

NYSE:NVGS traded down $0.01 during mid-day trading on Thursday, reaching $9.70. The stock had a trading volume of 1,364 shares, compared to its average volume of 124,084. The company has a market capitalization of $540.46 million, a price-to-earnings ratio of -194.50 and a beta of 1.20. Navigator has a one year low of $8.70 and a one year high of $13.55. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.07 and a quick ratio of 0.96.

Navigator (NYSE:NVGS) last released its earnings results on Monday, May 13th. The shipping company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.10). The firm had revenue of $76.10 million during the quarter, compared to the consensus estimate of $67.73 million. Navigator had a negative return on equity of 0.72% and a negative net margin of 3.14%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.01 EPS. As a group, sell-side analysts anticipate that Navigator will post 0.13 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. purchased a new position in Navigator in the 4th quarter worth approximately $310,000. GSA Capital Partners LLP purchased a new position in Navigator in the 4th quarter worth approximately $184,000. Royce & Associates LP increased its stake in Navigator by 34.6% in the 4th quarter. Royce & Associates LP now owns 1,022,673 shares of the shipping company’s stock worth $9,613,000 after purchasing an additional 262,800 shares during the period. Millennium Management LLC increased its stake in Navigator by 133.3% in the 4th quarter. Millennium Management LLC now owns 56,896 shares of the shipping company’s stock worth $535,000 after purchasing an additional 32,512 shares during the period. Finally, Creative Planning increased its stake in Navigator by 7.5% in the 1st quarter. Creative Planning now owns 49,931 shares of the shipping company’s stock worth $549,000 after purchasing an additional 3,475 shares during the period. Institutional investors own 68.98% of the company’s stock.

A number of research firms recently weighed in on NVGS. Zacks Investment Research upgraded Navigator from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Wednesday, March 20th. Maxim Group restated a “buy” rating and issued a $16.00 target price on shares of Navigator in a research report on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $14.33.

Navigator Company Profile

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.

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