Navios Maritime Acquisition Co. (NYSE:NNA) has been given an average rating of “Hold” by the six research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $1.63.
NNA has been the topic of several recent research reports. Stifel Nicolaus set a $2.00 price target on Navios Maritime Acquisition and gave the stock a “buy” rating in a report on Sunday, October 29th. Zacks Investment Research raised Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a report on Thursday, December 28th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Navios Maritime Acquisition in a report on Friday, January 19th. Finally, ValuEngine downgraded Navios Maritime Acquisition from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp increased its position in Navios Maritime Acquisition by 25.9% in the 3rd quarter. Stifel Financial Corp now owns 1,410,486 shares of the shipping company’s stock valued at $1,710,000 after acquiring an additional 290,552 shares during the period. Northern Trust Corp increased its position in Navios Maritime Acquisition by 124.4% in the 2nd quarter. Northern Trust Corp now owns 2,315,549 shares of the shipping company’s stock valued at $3,404,000 after acquiring an additional 1,283,455 shares during the period. Bank of New York Mellon Corp increased its position in Navios Maritime Acquisition by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 228,238 shares of the shipping company’s stock valued at $335,000 after acquiring an additional 1,199 shares during the period. California Public Employees Retirement System increased its position in Navios Maritime Acquisition by 71.3% in the 3rd quarter. California Public Employees Retirement System now owns 286,854 shares of the shipping company’s stock valued at $350,000 after acquiring an additional 119,354 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Navios Maritime Acquisition by 14.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 234,510 shares of the shipping company’s stock valued at $344,000 after acquiring an additional 30,361 shares during the period. Hedge funds and other institutional investors own 19.01% of the company’s stock.
Shares of Navios Maritime Acquisition (NYSE NNA) remained flat at $$0.78 during midday trading on Tuesday. The company had a trading volume of 412,682 shares, compared to its average volume of 872,369. The firm has a market cap of $116.37, a P/E ratio of -1.56 and a beta of 1.15. Navios Maritime Acquisition has a one year low of $0.67 and a one year high of $1.92. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.92 and a current ratio of 3.13.
Navios Maritime Acquisition (NYSE:NNA) last announced its quarterly earnings results on Wednesday, February 7th. The shipping company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The company had revenue of $44.20 million during the quarter, compared to the consensus estimate of $53.63 million. Navios Maritime Acquisition had a negative return on equity of 3.81% and a negative net margin of 34.67%. equities research analysts expect that Navios Maritime Acquisition will post -0.21 earnings per share for the current year.
Navios Maritime Acquisition announced that its board has approved a stock repurchase plan on Wednesday, February 7th that allows the company to repurchase $25.00 million in outstanding shares. This repurchase authorization allows the shipping company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 27th. Investors of record on Thursday, March 22nd will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 10.26%. The ex-dividend date of this dividend is Wednesday, March 21st. Navios Maritime Acquisition’s dividend payout ratio is currently -40.00%.
Navios Maritime Acquisition Company Profile
Navios Maritime Acquisition Corporation is an international shipping company. The Company owns a fleet of modern crude oil, refined petroleum product and chemical tankers providing marine transportation services around the world. The Company charters its vessels to international oil companies, refiners and vessel operators under long, medium and short-term charters.
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