LSV Asset Management lessened its holdings in Navios Maritime Acquisition Co. (NYSE:NNA) by 13.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 984,271 shares of the shipping company’s stock after selling 150,331 shares during the period. LSV Asset Management owned 0.65% of Navios Maritime Acquisition worth $1,092,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Macquarie Group Ltd. bought a new stake in Navios Maritime Acquisition in the 3rd quarter valued at $124,000. Virtu KCG Holdings LLC raised its stake in Navios Maritime Acquisition by 127.8% in the 2nd quarter. Virtu KCG Holdings LLC now owns 111,311 shares of the shipping company’s stock valued at $164,000 after acquiring an additional 62,454 shares during the period. Vanguard Group Inc. raised its stake 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 acquiring an additional 3,730 shares during the period. Teachers Advisors LLC raised its stake 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 acquiring an additional 17,971 shares during the period. Finally, California Public Employees Retirement System raised its stake 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 acquiring an additional 19,500 shares during the period. Institutional investors and hedge funds own 19.01% of the company’s stock.
Navios Maritime Acquisition Co. (NYSE:NNA) opened at $0.77 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.12. Navios Maritime Acquisition Co. has a 1-year low of $0.67 and a 1-year high of $1.92. The company has a market capitalization of $112.74, a price-to-earnings ratio of -1.55 and a beta of 1.15.
Navios Maritime Acquisition declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 7th that permits the company to repurchase $25.00 million in outstanding shares. This repurchase authorization permits the shipping company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
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 issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 10.39%. The ex-dividend date is Wednesday, March 21st. Navios Maritime Acquisition’s dividend payout ratio is -40.00%.
A number of equities research analysts recently weighed in on the company. ValuEngine cut Navios Maritime Acquisition from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Stifel Nicolaus set a $2.00 price target on Navios Maritime Acquisition and gave the company a “buy” rating in a research note on Sunday, October 29th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Navios Maritime Acquisition in a research note on Friday, January 19th. Finally, Zacks Investment Research upgraded Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a research note on Thursday, December 28th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $1.63.
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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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