Shares of Navios Maritime Acquisition Co. (NYSE:NNA) have been assigned an average rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat 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 price target among analysts that have issued a report on the stock in the last year is $1.63.
A number of brokerages recently weighed in on NNA. Zacks Investment Research raised shares of Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a research report on Thursday, December 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Navios Maritime Acquisition in a research report on Friday, January 19th. Finally, ValuEngine cut shares of Navios Maritime Acquisition from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 7th.
Shares of Navios Maritime Acquisition (NYSE:NNA) traded down $0.01 during trading on Friday, reaching $0.88. 51,782 shares of the company were exchanged, compared to its average volume of 921,151. The company has a debt-to-equity ratio of 2.30, a current ratio of 3.13 and a quick ratio of 0.92. Navios Maritime Acquisition has a 12-month low of $0.67 and a 12-month high of $1.78.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Thursday, March 22nd will be given a $0.02 dividend. The ex-dividend date is Wednesday, March 21st. This represents a $0.08 dividend on an annualized basis and a yield of 9.09%. Navios Maritime Acquisition’s payout ratio is currently -40.00%.
Navios Maritime Acquisition declared that its board has authorized a share repurchase plan on Wednesday, February 7th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the shipping company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.
Large investors have recently bought and sold shares of the business. Macquarie Group Ltd. purchased a new position in Navios Maritime Acquisition in the 3rd quarter valued at about $124,000. Millennium Management LLC purchased a new position in Navios Maritime Acquisition in the 4th quarter valued at about $171,000. Vanguard Group Inc. boosted its position in Navios Maritime Acquisition by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 164,307 shares of the shipping company’s stock valued at $242,000 after buying an additional 3,730 shares during the last quarter. Teachers Advisors LLC boosted its position in Navios Maritime Acquisition by 12.2% in the 2nd quarter. Teachers Advisors LLC now owns 165,077 shares of the shipping company’s stock valued at $243,000 after buying an additional 17,971 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in Navios Maritime Acquisition by 13.2% in the 2nd quarter. California Public Employees Retirement System now owns 167,500 shares of the shipping company’s stock valued at $246,000 after buying an additional 19,500 shares during the last quarter. 20.52% of the stock is owned by institutional investors.
About Navios Maritime Acquisition
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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