Navigator Holdings (NVGS) Announces Secondary Offering of Up to 8.0M Shares by BW Group

Navigator Holdings Ltd. (NYSE:NVGS) is one of the 12 Best UK Stocks to Buy According to Hedge Funds.

On March 19, 2026, Navigator Holdings Ltd. (NYSE:NVGS) announced that BW Group, its selling shareholder, is offering 7M shares in a secondary public offering, with the company not issuing any shares and receiving no proceeds. Navigator said it intends to repurchase 3.5M shares from the underwriters at the public offering price, though the buyback is not contingent on the completion of the offering. Citigroup, DNB Carnegie, Fearnley Securities, and Pareto Securities are acting as joint book-running managers. The deal was later increased to 8.0M shares from 7.0M and priced below the prior closing price of $19.17.

On March 13, 2026, Deutsche Bank raised its price target on Navigator Holdings Ltd. (NYSE:NVGS) to $25 from $24 previously and maintained a Buy rating, citing a fourth-quarter earnings beat and a positive outlook.

Navigator Holdings (NVGS) Announces Secondary Offering of Up to 8.0M Shares by BW Group

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On March 11, 2026, Navigator Holdings Ltd. (NYSE:NVGS) reported preliminary fourth-quarter revenue of $152.83M versus the $136.15M consensus estimate and said total liquidity stood at $296.3M as of year-end 2025.

Navigator Holdings Ltd. (NYSE:NVGS) owns and operates a global fleet of vessels transporting liquefied gases, including petrochemical gases, LPG, and ammonia.

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