Navigator Gas (NVGS) Joins the Russell 3000 and Russell 2000 Indexes
Rhea-AI Summary
Navigator Holdings Ltd. (NYSE: NVGS), the owner and operator of the world's largest fleet of handysize liquefied gas carriers, has been added to both the Russell 3000 Index and Russell 2000 Index, effective June 30, 2025.
The inclusion comes as part of the 2025 Russell indexes annual reconstitution, based on market capitalization rankings as of April 30, 2025. The Russell 3000 comprises the largest 3,000 U.S. public companies by market cap, while the Russell 2000 represents its small-cap subset.
CEO Mads Peter Zacho highlighted this milestone as validation of the company's consistent earnings growth and commitment to safe operations. The inclusion is expected to enhance Navigator Gas's shareholder base and daily trading liquidity. Notably, approximately $10.6 trillion in assets are benchmarked against Russell U.S. indexes.
Positive
- Inclusion in major market indexes (Russell 3000 and Russell 2000) enhancing visibility and institutional exposure
- Company reports consistent earnings growth according to CEO
- Potential increase in trading liquidity and broader shareholder base
- Exposure to $10.6 trillion in benchmarked assets
Negative
- None.
News Market Reaction – NVGS
In the trading session that priced this news, NVGS declined 2.62%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LONDON, June 30, 2025 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces today that that the Company has been added to the broad-market Russell 3000 Index (the “Russell 3000”) and the small-cap Russell 2000 Index (the “Russell 2000”), effective after the US market opens on June 30, as part of the 2025 Russell indexes reconstitution.
The Russell 3000 is an equity index that includes the largest 3,000 U.S. public companies by market capitalization. The Russell 2000 is a subset of the broader Russell 3000 that is limited to small-cap companies. The indexes are reconstituted annually by re-ranking companies based on total market capitalization as of the reconstitution rank date, which was April 30, 2025 this year. Index membership results in automatic inclusion in the relevant growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes.
Mads Peter Zacho, Chief Executive Officer, commented:
“Our inclusion in the Russell 3000 and Russell 2000 is a significant milestone for Navigator Gas and represents a significant validation of our consistent earnings growth as well as our commitment to safe and reliable operations. We're proud of our team's focus on delivering value to shareholders, and we believe this positive development will further help us expand our shareholder base as well as increase our daily trading liquidity.”
Russell U.S. Indexes are widely used by investment managers and institutional investors as the basis for index funds and as benchmarks for investment strategies. Approximately
About Navigator Gas
Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) is the owner and operator of the world’s largest fleet of handysize liquefied gas carriers and a global leader in the seaborne transportation services of petrochemical gases, such as ethylene and ethane, liquefied petroleum gas (“LPG”) and ammonia and owns a
Navigator Gas’ common stock trades on the New York Stock Exchange under the symbol “NVGS”.
For further information or media enquiries, please contact:
Navigator Gas Investor Relations
Email: investorrelations@navigatorgas.com
Randy Giveans
EVP - Investor Relations & Business Development
Email: randy.giveans@navigatorgas.com
1200 Smith Street, Suite 1000, Houston, Texas, U.S.A. 77002
Tel: +1-713-373-6197
Alexander Walster
Media Contact
Email: communications@navigatorgas.com
Verde, 10 Bressenden Place, London, SW1E 5DH, UK
Tel: +44 (0)7857 796 052, +44 (0)20 7045 4114
Investor Relations / Media Advisors
Nicolas Bornozis / Paul Lampoutis
Capital Link – New York
Tel: +1-212-661-7566
Email: navigatorgas@capitallink.com
Forward looking statements
This press release contains certain “forward-looking” statements (as defined by the Securities and Exchange Commission) concerning plans and objectives of management for future operations or economic performance, or assumptions related thereto. In addition, we and our representatives may from time to time make other oral or written statements that are also forward-looking statements. In some cases, you can identify the forward-looking statements by the use of words such as “may,” “could,” “should,” “will,” “would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,” “potential,” “continue,” “scheduled,” or the negative of these terms or other comparable terminology.
These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include but are not limited to those set forth in the periodic reports Navigator files with the U.S. Securities and Exchange Commission.
All forward-looking statements included in this press release are made only as of the date of this press release. New factors emerge from time to time, and it is not possible for us to predict all of these factors. Further, we cannot assess the impact of each such factor on our business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement. We expressly disclaim any obligation to update or revise any forward-looking statements, whether because of future events, new information, a change in our views or expectations, or otherwise. We make no prediction or statement about the performance of our common stock.
Category: Financial
