California Public Employees Retirement System boosted its position in shares of Navios Maritime Acquisition Corporation (NYSE:NNA) by 13.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,500 shares of the shipping company’s stock after buying an additional 19,500 shares during the quarter. California Public Employees Retirement System owned 0.11% of Navios Maritime Acquisition worth $246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NNA. Northern Trust Corp lifted its position in shares of Navios Maritime Acquisition by 124.4% during the second 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 last quarter. Chicago Equity Partners LLC bought a new stake in shares of Navios Maritime Acquisition during the second quarter worth $470,000. Spark Investment Management LLC lifted its position in shares of Navios Maritime Acquisition by 74.2% during the second quarter. Spark Investment Management LLC now owns 438,500 shares of the shipping company’s stock worth $644,000 after purchasing an additional 186,800 shares during the last quarter. Strs Ohio lifted its position in shares of Navios Maritime Acquisition by 71.4% during the second quarter. Strs Ohio now owns 369,200 shares of the shipping company’s stock worth $542,000 after purchasing an additional 153,800 shares during the last quarter. Finally, Hosking Partners LLP lifted its position in shares of Navios Maritime Acquisition by 1.6% during the second quarter. Hosking Partners LLP now owns 1,251,093 shares of the shipping company’s stock worth $1,839,000 after purchasing an additional 19,929 shares during the last quarter. 19.14% of the stock is owned by institutional investors.

Navios Maritime Acquisition Corporation (NYSE:NNA) remained flat at $$1.36 during trading hours on Thursday. The company’s stock had a trading volume of 220,800 shares, compared to its average volume of 407,043. Navios Maritime Acquisition Corporation has a 1-year low of $1.08 and a 1-year high of $2.11. The firm has a market capitalization of $204.45, a P/E ratio of 19.43 and a beta of 1.60. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.92 and a quick ratio of 0.92.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, December 5th. This represents a $0.20 annualized dividend and a dividend yield of 14.71%. Navios Maritime Acquisition’s dividend payout ratio (DPR) is -64.51%.

Several analysts have recently weighed in on NNA shares. Citigroup downgraded Navios Maritime Acquisition from a “buy” rating to a “neutral” rating and set a $1.25 target price for the company. in a research report on Friday, August 11th. Zacks Investment Research upgraded Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Stifel Nicolaus reiterated a “buy” rating and set a $2.25 target price (up from $2.00) on shares of Navios Maritime Acquisition in a research report on Friday, August 11th. ValuEngine downgraded Navios Maritime Acquisition from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, TheStreet downgraded Navios Maritime Acquisition from a “c” rating to a “d+” rating in a research report on Thursday, August 10th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Navios Maritime Acquisition has an average rating of “Hold” and a consensus price target of $1.63.

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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.

Institutional Ownership by Quarter for Navios Maritime Acquisition (NYSE:NNA)

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