Latest Stocks: Navios Maritime Acquisition Co. (NNA) Issues Quarterly Earnings Results

Latest Stocks: Navios Maritime Acquisition Co. (NNA) Issues Quarterly  Earnings Results

Navios Maritime Acquisition Co. (NYSE:NNA) posted its quarterly earnings data on Tuesday, May 16th. The shipping company reported $0.04 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04, MarketWatch Earnings reports. The company had revenue of $61.30 million for the quarter, compared to analysts’ expectations of $66.23 million. Navios Maritime Acquisition had a net margin of 21.66% and a return on equity of 11.13%.

Navios Maritime Acquisition (NYSE:NNA) opened at 1.49 on Tuesday. The firm’s 50-day moving average is $1.63 and its 200-day moving average is $1.73. The company has a market capitalization of $224.22 million, a PE ratio of 5.30 and a beta of 1.50. Navios Maritime Acquisition has a 12 month low of $1.19 and a 12 month high of $2.11.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Wednesday, June 7th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 13.42%. The ex-dividend date of this dividend is Monday, June 5th. Navios Maritime Acquisition’s payout ratio is currently 50.00%.

Separately, Zacks Investment Research upgraded shares of Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a research report on Saturday, February 25th. Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Navios Maritime Acquisition by 2.5% in the first quarter. Vanguard Group Inc. now owns 160,577 shares of the shipping company’s stock worth $276,000 after buying an additional 3,841 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Navios Maritime Acquisition by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 227,039 shares of the shipping company’s stock worth $390,000 after buying an additional 6,592 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Navios Maritime Acquisition by 1.0% in the first quarter. Parametric Portfolio Associates LLC now owns 764,666 shares of the shipping company’s stock worth $1,315,000 after buying an additional 7,229 shares during the last quarter. Stifel Financial Corp increased its position in shares of Navios Maritime Acquisition by 4.7% in the first quarter. Stifel Financial Corp now owns 729,064 shares of the shipping company’s stock worth $1,238,000 after buying an additional 32,428 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in shares of Navios Maritime Acquisition by 28.5% in the first quarter. Teachers Advisors LLC now owns 147,106 shares of the shipping company’s stock worth $253,000 after buying an additional 32,663 shares during the last quarter. Hedge funds and other institutional investors own 16.87% of the company’s stock.

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