LSV Asset Management held its stake in Navios Maritime Acquisition Corporation (NYSE:NNA) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,134,602 shares of the shipping company’s stock at the close of the second quarter. LSV Asset Management owned about 0.75% of Navios Maritime Acquisition Corporation worth $1,667,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. California Public Employees Retirement System raised its position in Navios Maritime Acquisition Corporation by 54.5% during the first quarter. California Public Employees Retirement System now owns 148,000 shares of the shipping company’s stock worth $255,000 after acquiring an additional 52,200 shares during the last quarter. Bank of New York Mellon Corp raised its position in Navios Maritime Acquisition Corporation by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 227,039 shares of the shipping company’s stock worth $390,000 after acquiring an additional 6,592 shares during the last quarter. Spark Investment Management LLC raised its position in Navios Maritime Acquisition Corporation by 49.4% during the first quarter. Spark Investment Management LLC now owns 251,700 shares of the shipping company’s stock worth $432,000 after acquiring an additional 83,200 shares during the last quarter. Chicago Equity Partners LLC acquired a new position in Navios Maritime Acquisition Corporation during the second quarter worth about $470,000. Finally, Strs Ohio raised its position in Navios Maritime Acquisition Corporation by 71.4% during the second quarter. Strs Ohio now owns 369,200 shares of the shipping company’s stock worth $542,000 after acquiring an additional 153,800 shares during the last quarter. Institutional investors own 19.03% of the company’s stock.

NNA has been the subject of a number of research reports. ValuEngine cut shares of Navios Maritime Acquisition Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. TheStreet cut shares of Navios Maritime Acquisition Corporation from a “c” rating to a “d+” rating in a research report on Thursday, August 10th. Stifel Nicolaus restated a “buy” rating and set a $2.25 target price (up previously from $2.00) on shares of Navios Maritime Acquisition Corporation in a research report on Friday, August 11th. Zacks Investment Research cut shares of Navios Maritime Acquisition Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Citigroup Inc. cut shares of 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Navios Maritime Acquisition Corporation has a consensus rating of “Hold” and a consensus target price of $1.75.

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Navios Maritime Acquisition Corporation (NNA) opened at 1.23 on Friday. The firm’s market cap is $185.00 million. The stock has a 50 day moving average of $1.26 and a 200-day moving average of $1.50. Navios Maritime Acquisition Corporation has a 52-week low of $1.08 and a 52-week high of $2.11.

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 Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $53.00 million. On average, analysts expect that Navios Maritime Acquisition Corporation will post ($0.04) EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, September 7th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 16.00%. The ex-dividend date was Wednesday, September 6th. Navios Maritime Acquisition Corporation’s dividend payout ratio is presently -100.00%.

Navios Maritime Acquisition Corporation 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.

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

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