Navios Maritime Acquisition Co. (NYSE:NNA)’s share price traded up 9.1% during trading on Monday . The stock traded as high as $0.62 and last traded at $0.60. 733,073 shares changed hands during trading, an increase of 17% from the average session volume of 627,412 shares. The stock had previously closed at $0.55.
Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Navios Maritime Acquisition from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 28th. ValuEngine raised shares of Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. Finally, JPMorgan Chase & Co. downgraded shares of Navios Maritime Acquisition from a “neutral” rating to an “underweight” rating in a research report on Friday, April 20th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Navios Maritime Acquisition currently has an average rating of “Hold” and an average price target of $1.63.
Get Navios Maritime Acquisition alerts:The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $83.35 million, a P/E ratio of -5.00 and a beta of 0.89.
Navios Maritime Acquisition (NYSE:NNA) last posted its earnings results on Thursday, May 10th. The shipping company reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.01. The firm had revenue of $40.32 million for the quarter, compared to the consensus estimate of $38.68 million. Navios Maritime Acquisition had a negative net margin of 52.11% and a negative return on equity of 9.11%. equities research analysts anticipate that Navios Maritime Acquisition Co. will post -0.37 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 27th. Shareholders of record on Thursday, June 21st were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 13.56%. The ex-dividend date of this dividend was Wednesday, June 20th. Navios Maritime Acquisition’s payout ratio is -66.67%.
Institutional investors have recently bought and sold shares of the business. Millennium Management LLC acquired a new position in Navios Maritime Acquisition during the fourth quarter worth $171,000. Deutsche Bank AG grew its position in shares of Navios Maritime Acquisition by 137.3% in the fourth quarter. Deutsche Bank AG now owns 186,773 shares of the shipping company’s stock valued at $205,000 after purchasing an additional 108,077 shares during the last quarter. California Public Employees Retirement System grew its position in shares of 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 during the last quarter. Finally, BlackRock Inc. grew its position in shares of Navios Maritime Acquisition by 2.3% in the fourth quarter. BlackRock Inc. now owns 3,985,852 shares of the shipping company’s stock valued at $4,424,000 after purchasing an additional 90,608 shares during the last quarter. 18.06% of the stock is currently owned by hedge funds and other institutional investors.
About Navios Maritime Acquisition
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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