How Navigator Holdings Ltd (NVGS) Stacks Up Against Its Peers

Judging by the fact that Navigator Holdings Ltd (NYSE:NVGS) has sustained falling interest from hedge fund managers, we can see that there were a few money managers who were dropping their positions entirely in the third quarter. Intriguingly, Clint Carlson’s Carlson Capital sold off the biggest investment of all the investors tracked by Insider Monkey, worth close to $6.8 million in stock. Chuck Royce’s fund, Royce & Associates, also said goodbye to its stock, about $4 million worth.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Navigator Holdings Ltd (NYSE:NVGS) but similarly valued. These stocks are First Foundation Inc (NASDAQ:FFWM), Resource Capital Corp. (NYSE:RSO), BP Prudhoe Bay Royalty Trust (NYSE:BPT), and National Research Corp (NASDAQ:NRCIA). This group of stocks’ market values are closest to NVGS’s market value.

As you can see these stocks had an average of 3 hedge funds with bullish positions and the average amount invested in these stocks was $15 million. That figure was $182 million in NVGS’s case. First Foundation Inc (NASDAQ:FFWM) is the most popular stock in this table. On the other hand Resource Capital Corp. (NYSE:RSO) is the least popular one with only 2 bullish hedge fund positions. Compared to these stocks Navigator Holdings Ltd (NYSE:NVGS) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None