Navigator Global Investments Beats Expectations With 2Q Update -- Market Talk

Dow Jones01-19

2122 GMT - Navigator Global Investments's 2Q update beat Ord Minnett's expectations, leading it to raise its target price by 5.7% to A$3.70/share. A standout was NGI Strategic, which notched a 2% improvement in assets under management when the impact of the Bardin Hill sale is excluded. Analyst Phillip Chippindale says this topped estimates for the fund and was largely driven by a 7% increase in assets under management within the NGI Strategic Private Markets business. Ord Minnett retains a hold call on Navigator Global Investments. "We now forecast net profit in FY 2026 of US$78.2 million, which sees the stock trading on a 14.7x FY 2026 price-to-earnings multiple," the bank says. Navigator Global Investments ended last week at A$3.12. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

January 18, 2026 16:22 ET (21:22 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment