Navios Maritime Acquisition (NNA) Raised to Buy at ValuEngine

ValuEngine upgraded shares of Navios Maritime Acquisition (NYSE:NNA) from a hold rating to a buy rating in a research report report published on Friday morning.

Separately, Zacks Investment Research downgraded Navios Maritime Acquisition from a hold rating to a sell rating in a report on Friday, August 31st.

Shares of NNA opened at $6.27 on Friday. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market cap of $76.36 million, a PE ratio of -3.48 and a beta of 1.15. Navios Maritime Acquisition has a 12-month low of $5.25 and a 12-month high of $20.55.

Navios Maritime Acquisition (NYSE:NNA) last announced its earnings results on Tuesday, November 6th. The shipping company reported ($2.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.10) by ($0.15). The business had revenue of $32.03 million for the quarter, compared to analysts’ expectations of $37.81 million. Navios Maritime Acquisition had a negative return on equity of 17.33% and a negative net margin of 45.63%. Analysts anticipate that Navios Maritime Acquisition will post -7.8 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Tuesday, November 27th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Monday, November 26th. Navios Maritime Acquisition’s dividend payout ratio (DPR) is currently -66.67%.

A number of institutional investors have recently added to or reduced their stakes in NNA. LMR Partners LLP acquired a new position in shares of Navios Maritime Acquisition during the 2nd quarter worth $141,000. Paloma Partners Management Co acquired a new position in shares of Navios Maritime Acquisition during the 2nd quarter worth $245,000. Finally, Millennium Management LLC acquired a new position in shares of Navios Maritime Acquisition during the 2nd quarter worth $853,000. 13.57% of the stock is owned by institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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