Navios Maritime Acquisition Co. (NNA) Given Average Rating of “Hold” by Brokerages

Shares of Navios Maritime Acquisition Co. (NYSE:NNA) have been given a consensus recommendation of “Hold” by the six ratings firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $1.63.

A number of research analysts have recently commented on NNA shares. Stifel Nicolaus set a $2.00 price objective on shares of Navios Maritime Acquisition and gave the company a “buy” rating in a research note on Sunday, October 29th. Zacks Investment Research raised shares of Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Navios Maritime Acquisition in a research note on Friday, January 19th. Finally, ValuEngine downgraded shares of Navios Maritime Acquisition from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd.

Several large investors have recently modified their holdings of NNA. Northern Trust Corp grew its holdings in shares of Navios Maritime Acquisition by 124.4% during the 2nd quarter. Northern Trust Corp now owns 2,315,549 shares of the shipping company’s stock worth $3,404,000 after purchasing an additional 1,283,455 shares during the period. Stifel Financial Corp grew its holdings in shares of Navios Maritime Acquisition by 53.6% during the 2nd quarter. Stifel Financial Corp now owns 1,119,934 shares of the shipping company’s stock worth $1,638,000 after purchasing an additional 390,870 shares during the period. California Public Employees Retirement System grew its holdings in shares of Navios Maritime Acquisition by 71.3% during the 3rd quarter. California Public Employees Retirement System now owns 286,854 shares of the shipping company’s stock worth $350,000 after purchasing an additional 119,354 shares during the period. Macquarie Group Ltd. purchased a new stake in shares of Navios Maritime Acquisition during the 3rd quarter worth about $124,000. Finally, Hosking Partners LLP grew its holdings in shares of Navios Maritime Acquisition by 7.7% during the 4th quarter. Hosking Partners LLP now owns 1,350,945 shares of the shipping company’s stock worth $1,500,000 after purchasing an additional 96,166 shares during the period. Institutional investors and hedge funds own 19.01% of the company’s stock.

Navios Maritime Acquisition (NYSE:NNA) opened at $0.75 on Tuesday. Navios Maritime Acquisition has a one year low of $0.67 and a one year high of $1.92. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.12. The company has a market cap of $102.21, a PE ratio of -1.50 and a beta of 1.15.

Navios Maritime Acquisition (NYSE:NNA) last posted its quarterly earnings data on Wednesday, February 7th. The shipping company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.04). Navios Maritime Acquisition had a negative net margin of 34.67% and a negative return on equity of 3.70%. The company had revenue of $44.20 million for the quarter, compared to analyst estimates of $53.63 million. sell-side analysts forecast that Navios Maritime Acquisition will post -0.18 earnings per share for the current year.

Navios Maritime Acquisition announced that its Board of Directors has initiated a share buyback program on Wednesday, February 7th that permits the company to buyback $25.00 million in shares. This buyback authorization permits the shipping company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 27th. Stockholders of record on Thursday, March 22nd will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 10.67%. The ex-dividend date of this dividend is Wednesday, March 21st. Navios Maritime Acquisition’s dividend payout ratio is currently -40.00%.

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Navios Maritime Acquisition Company Profile

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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