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The Navios Maritime Acquisition Corp. Lowered To Sell At Zacks Investment Research
TIN news: Zacks Investment Research downgraded shares of Navios Maritime Acquisition Corp. (NYSE:NNA) from a hold rating to a sell rating in a report.
According to Zacks, “Navios Maritime Acquisition Corporation provides marine transportation services. It is an owner and operator of tanker vessels focusing in the transportation of petroleum products and bulk liquid chemicals. The company focuses on chartering its vessels to international oil companies, refiners, and vessel operators under long, medium, and short-term charters. Navios Maritime Acquisition Corporation is headquartered in Piraeus, Greece. “
Shares of Navios Maritime Acquisition Corp. (NYSE:NNA) traded up 2.55% on Thursday, hitting $2.01. The stock had a trading volume of 73,002 shares. Navios Maritime Acquisition Corp. has a 1-year low of $1.19 and a 1-year high of $2.37. The company has a market capitalization of $302.87 million, a PE ratio of 4.91 and a beta of 1.53. The firm has a 50-day moving average of $1.75 and a 200 day moving average of $1.52.
Navios Maritime Acquisition Corp. (NYSE:NNA) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. Navios Maritime Acquisition Corp. had a net margin of 21.66% and a return on equity of 11.58%. The business earned $68.07 million during the quarter, compared to analyst estimates of $61.83 million. On average, equities analysts anticipate that Navios Maritime Acquisition Corp. will post $0.36 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 21st. Investors of record on Wednesday, December 14th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, December 12th. This represents a $0.20 dividend on an annualized basis and a yield of 10.20%. Navios Maritime Acquisition Corp.’s dividend payout ratio is 47.62%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its position in Navios Maritime Acquisition Corp. by 2.3% in the third quarter. Rhumbline Advisers now owns 95,198 shares of the company’s stock worth $129,000 after buying an additional 2,100 shares during the period. California Public Employees Retirement System raised its position in Navios Maritime Acquisition Corp. by 10.3% in the third quarter. California Public Employees Retirement System now owns 198,400 shares of the company’s stock worth $268,000 after buying an additional 18,600 shares during the period. Acadian Asset Management LLC raised its position in Navios Maritime Acquisition Corp. by 10.9% in the third quarter. Acadian Asset Management LLC now owns 117,152 shares of the company’s stock worth $158,000 after buying an additional 11,517 shares during the period. Berson & Corrado Investment Advisors LLC raised its position in Navios Maritime Acquisition Corp. by 5.6% in the third quarter. Berson & Corrado Investment Advisors LLC now owns 223,265 shares of the company’s stock worth $301,000 after buying an additional 11,925 shares during the period. Finally, Stifel Financial Corp raised its position in Navios Maritime Acquisition Corp. by 91.1% in the second quarter. Stifel Financial Corp now owns 85,627 shares of the company’s stock worth $134,000 after buying an additional 40,808 shares during the period. Hedge funds and other institutional investors own 16.13% of the company’s stock.
According to Zacks, “Navios Maritime Acquisition Corporation provides marine transportation services. It is an owner and operator of tanker vessels focusing in the transportation of petroleum products and bulk liquid chemicals. The company focuses on chartering its vessels to international oil companies, refiners, and vessel operators under long, medium, and short-term charters. Navios Maritime Acquisition Corporation is headquartered in Piraeus, Greece. “
Shares of Navios Maritime Acquisition Corp. (NYSE:NNA) traded up 2.55% on Thursday, hitting $2.01. The stock had a trading volume of 73,002 shares. Navios Maritime Acquisition Corp. has a 1-year low of $1.19 and a 1-year high of $2.37. The company has a market capitalization of $302.87 million, a PE ratio of 4.91 and a beta of 1.53. The firm has a 50-day moving average of $1.75 and a 200 day moving average of $1.52.
Navios Maritime Acquisition Corp. (NYSE:NNA) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. Navios Maritime Acquisition Corp. had a net margin of 21.66% and a return on equity of 11.58%. The business earned $68.07 million during the quarter, compared to analyst estimates of $61.83 million. On average, equities analysts anticipate that Navios Maritime Acquisition Corp. will post $0.36 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 21st. Investors of record on Wednesday, December 14th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, December 12th. This represents a $0.20 dividend on an annualized basis and a yield of 10.20%. Navios Maritime Acquisition Corp.’s dividend payout ratio is 47.62%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its position in Navios Maritime Acquisition Corp. by 2.3% in the third quarter. Rhumbline Advisers now owns 95,198 shares of the company’s stock worth $129,000 after buying an additional 2,100 shares during the period. California Public Employees Retirement System raised its position in Navios Maritime Acquisition Corp. by 10.3% in the third quarter. California Public Employees Retirement System now owns 198,400 shares of the company’s stock worth $268,000 after buying an additional 18,600 shares during the period. Acadian Asset Management LLC raised its position in Navios Maritime Acquisition Corp. by 10.9% in the third quarter. Acadian Asset Management LLC now owns 117,152 shares of the company’s stock worth $158,000 after buying an additional 11,517 shares during the period. Berson & Corrado Investment Advisors LLC raised its position in Navios Maritime Acquisition Corp. by 5.6% in the third quarter. Berson & Corrado Investment Advisors LLC now owns 223,265 shares of the company’s stock worth $301,000 after buying an additional 11,925 shares during the period. Finally, Stifel Financial Corp raised its position in Navios Maritime Acquisition Corp. by 91.1% in the second quarter. Stifel Financial Corp now owns 85,627 shares of the company’s stock worth $134,000 after buying an additional 40,808 shares during the period. Hedge funds and other institutional investors own 16.13% of the company’s stock.