Navios Maritime Acquisition Corporation (NYSE:NNA) announced a quarterly dividend on Friday, August 11th, Wall Street Journal reports. Shareholders of record on Thursday, September 7th will be given a dividend of 0.05 per share by the shipping company on Thursday, September 14th. This represents a $0.20 annualized dividend and a yield of 15.87%. The ex-dividend date of this dividend is Wednesday, September 6th.

Navios Maritime Acquisition Corporation has a payout ratio of -2,000.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Navios Maritime Acquisition Corporation to earn $0.09 per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of 222.2%.

Shares of Navios Maritime Acquisition Corporation (NYSE:NNA) opened at 1.26 on Friday. The company’s market cap is $189.51 million. Navios Maritime Acquisition Corporation has a 1-year low of $1.08 and a 1-year high of $2.11. The firm’s 50-day moving average is $1.33 and its 200 day moving average is $1.56.

Navios Maritime Acquisition Corporation (NYSE:NNA) last posted its quarterly earnings data on Thursday, August 10th. The shipping company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.01. Navios Maritime Acquisition Corporation had a negative net margin of 12.34% and a positive return on equity of 5.05%. The business had revenue of $52.87 million during the quarter, compared to the consensus estimate of $53 million. Equities analysts expect that Navios Maritime Acquisition Corporation will post ($0.04) EPS for the current fiscal year.

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An institutional investor recently raised its position in Navios Maritime Acquisition Corporation stock. State Street Corp boosted its stake in Navios Maritime Acquisition Corporation (NYSE:NNA) by 6.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,356,842 shares of the shipping company’s stock after buying an additional 81,935 shares during the period. State Street Corp owned 0.90% of Navios Maritime Acquisition Corporation worth $1,992,000 as of its most recent SEC filing. 19.03% of the stock is currently owned by institutional investors.

Several brokerages recently commented on NNA. Citigroup Inc. cut Navios Maritime Acquisition Corporation 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. Stifel Nicolaus reaffirmed a “buy” rating and issued a $2.25 target price (up from $2.00) on shares of Navios Maritime Acquisition Corporation in a research report on Friday, August 11th. TheStreet cut Navios Maritime Acquisition Corporation from a “c” rating to a “d+” rating in a research report on Thursday, August 10th. Finally, ValuEngine cut Navios Maritime Acquisition Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $1.75.

Navios Maritime Acquisition Corporation 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.

Dividend History for Navios Maritime Acquisition Corporation (NYSE:NNA)

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