Navios Maritime Acquisition (NNA) Shares Set to Reverse Split on Wednesday, November 14th

Navios Maritime Acquisition Co. (NYSE:NNA)’s stock is going to reverse split on the morning of Wednesday, November 14th. The 1-15 reverse split was announced on Friday, November 9th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, November 13th.

NNA stock opened at $0.47 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $76.42 million, a P/E ratio of -3.88 and a beta of 1.15. Navios Maritime Acquisition has a 1-year low of $0.35 and a 1-year high of $1.37.

Navios Maritime Acquisition (NYSE:NNA) last released its quarterly earnings data on Tuesday, November 6th. The shipping company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.01). The firm had revenue of $32.03 million during the quarter, compared to the consensus estimate of $37.81 million. Navios Maritime Acquisition had a negative net margin of 45.63% and a negative return on equity of 17.33%. On average, sell-side analysts anticipate that Navios Maritime Acquisition will post -0.52 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Tuesday, November 27th will be issued a $0.02 dividend. The ex-dividend date is Monday, November 26th. This represents a $0.08 annualized dividend and a dividend yield of 17.19%. Navios Maritime Acquisition’s payout ratio is currently -66.67%.

Several analysts recently weighed in on NNA shares. Zacks Investment Research downgraded Navios Maritime Acquisition from a “hold” rating to a “sell” rating in a report on Friday, August 31st. ValuEngine upgraded Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd.

Institutional investors and hedge funds have recently bought and sold shares of the business. LMR Partners LLP purchased a new position in Navios Maritime Acquisition in the second quarter valued at about $141,000. Paloma Partners Management Co purchased a new position in Navios Maritime Acquisition in the second quarter valued at about $245,000. Finally, Millennium Management LLC purchased a new position in Navios Maritime Acquisition in the second quarter valued at about $853,000. Institutional investors own 14.24% of the company’s stock.

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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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