An issue of Navios Maritime Acquisition Corporation (NYSE:NNA) bonds fell 2.5% against their face value during trading on Wednesday. The high-yield issue of debt has a 8.125% coupon and is set to mature on November 15, 2021. The debt is now trading at $83.25. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.

Several analysts have recently issued reports on the stock. ValuEngine cut shares of Navios Maritime Acquisition Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. Stifel Nicolaus reissued a “buy” rating and set a $2.25 price target (up previously from $2.00) on shares of Navios Maritime Acquisition Corporation in a research report on Friday, August 11th. Citigroup Inc. cut shares of Navios Maritime Acquisition Corporation from a “buy” rating to a “neutral” rating and set a $1.25 price target on the stock. in a research report on Friday, August 11th. Finally, TheStreet cut shares of Navios Maritime Acquisition Corporation from a “c” rating to a “d+” rating in a research report on Thursday, August 10th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $1.67.

Shares of Navios Maritime Acquisition Corporation (NYSE:NNA) traded up 0.85% during mid-day trading on Wednesday, hitting $1.19. 515,204 shares of the stock traded hands. Navios Maritime Acquisition Corporation has a one year low of $1.18 and a one year high of $2.11. The stock has a 50 day moving average price of $1.40 and a 200-day moving average price of $1.61. The company’s market cap is $179.02 million.

Navios Maritime Acquisition Corporation (NYSE:NNA) last issued its earnings results on Thursday, August 10th. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.01. Navios Maritime Acquisition Corporation had a positive return on equity of 4.89% and a negative net margin of 12.34%. The firm had revenue of $52.87 million for the quarter, compared to analysts’ expectations of $53 million. On average, analysts forecast that Navios Maritime Acquisition Corporation will post ($0.05) earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, September 7th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 16.81%. The ex-dividend date is Wednesday, September 6th. Navios Maritime Acquisition Corporation’s payout ratio is currently -100.00%.

Hedge funds have recently modified their holdings of the company. Northern Trust Corp boosted its stake in shares of Navios Maritime Acquisition Corporation by 124.4% in the second quarter. Northern Trust Corp now owns 2,315,549 shares of the shipping company’s stock worth $3,404,000 after buying an additional 1,283,455 shares during the last quarter. State Street Corp boosted its stake in shares of Navios Maritime Acquisition Corporation by 6.4% in the second quarter. State Street Corp now owns 1,356,842 shares of the shipping company’s stock worth $1,992,000 after buying an additional 81,935 shares during the last quarter. Hosking Partners LLP boosted its stake in shares of Navios Maritime Acquisition Corporation by 1.6% in the second quarter. Hosking Partners LLP now owns 1,251,093 shares of the shipping company’s stock worth $1,839,000 after buying an additional 19,929 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Navios Maritime Acquisition Corporation by 53.6% in the second quarter. Stifel Financial Corp now owns 1,119,934 shares of the shipping company’s stock worth $1,638,000 after buying an additional 390,870 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its stake in shares of Navios Maritime Acquisition Corporation by 102.0% in the first quarter. Acrospire Investment Management LLC now owns 861,065 shares of the shipping company’s stock worth $1,481,000 after buying an additional 434,850 shares during the last quarter. Institutional investors and hedge funds own 19.51% of the company’s stock.

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About Navios Maritime Acquisition Corporation

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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