ValuEngine downgraded shares of Navios Maritime Acquisition (NYSE:NNA) from a hold rating to a sell rating in a research report released on Wednesday.
Other equities research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Navios Maritime Acquisition from a strong sell rating to a hold rating in a research note on Wednesday, March 28th. JPMorgan Chase reaffirmed a neutral rating on shares of Navios Maritime Acquisition in a research note on Friday, January 19th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $1.63.
Navios Maritime Acquisition opened at $0.76 on Wednesday, MarketBeat reports. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.60 and a quick ratio of 1.60. Navios Maritime Acquisition has a 12 month low of $0.67 and a 12 month high of $1.65.
Navios Maritime Acquisition (NYSE:NNA) last released its quarterly earnings data on Thursday, May 10th. The shipping company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The company had revenue of $40.32 million during the quarter, compared to analyst estimates of $38.68 million. Navios Maritime Acquisition had a negative net margin of 52.11% and a negative return on equity of 8.87%. research analysts anticipate that Navios Maritime Acquisition will post -0.24 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 27th. Investors of record on Thursday, June 21st will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 10.54%. The ex-dividend date of this dividend is Wednesday, June 20th. Navios Maritime Acquisition’s dividend payout ratio is currently -66.67%.
Navios Maritime Acquisition announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 7th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the shipping company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
Institutional investors and hedge funds have recently made changes to their positions in the stock. California Public Employees Retirement System raised its stake in Navios Maritime Acquisition by 28.8% in the fourth quarter. California Public Employees Retirement System now owns 369,556 shares of the shipping company’s stock valued at $410,000 after purchasing an additional 82,702 shares in the last quarter. Silver Rock Financial LP raised its stake in shares of Navios Maritime Acquisition by 22.1% during the fourth quarter. Silver Rock Financial LP now owns 750,000 shares of the shipping company’s stock worth $833,000 after acquiring an additional 135,737 shares in the last quarter. BlackRock Inc. raised its stake in shares of Navios Maritime Acquisition by 2.3% during the fourth quarter. BlackRock Inc. now owns 3,985,852 shares of the shipping company’s stock worth $4,424,000 after acquiring an additional 90,608 shares in the last quarter. Hosking Partners LLP raised its stake in shares of Navios Maritime Acquisition by 7.7% during the fourth quarter. Hosking Partners LLP now owns 1,350,945 shares of the shipping company’s stock worth $1,500,000 after acquiring an additional 96,166 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in shares of Navios Maritime Acquisition during the fourth quarter worth approximately $171,000. 20.28% of the stock is currently owned by institutional investors and hedge funds.
Navios Maritime Acquisition Company Profile
Navios Maritime Acquisition Corporation provides marine transportation services worldwide. The company owns a fleet of crude oil, refined petroleum product, and chemical tankers. It charters its vessels to oil companies, refiners, and large vessel operators under long, medium, and short term charters.
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