Teachers Advisors LLC boosted its stake in shares of Navios Maritime Acquisition Corporation (NYSE:NNA) by 12.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,077 shares of the shipping company’s stock after acquiring an additional 17,971 shares during the period. Teachers Advisors LLC owned 0.11% of Navios Maritime Acquisition Corporation worth $243,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. California Public Employees Retirement System increased its stake in Navios Maritime Acquisition Corporation by 54.5% during the 1st 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 period. Bank of New York Mellon Corp increased its stake in Navios Maritime Acquisition Corporation by 3.0% during the 1st 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 period. Chicago Equity Partners LLC bought a new position in Navios Maritime Acquisition Corporation during the 2nd quarter worth $470,000. Spark Investment Management LLC increased its stake in Navios Maritime Acquisition Corporation by 74.2% during the 2nd quarter. Spark Investment Management LLC now owns 438,500 shares of the shipping company’s stock worth $644,000 after acquiring an additional 186,800 shares during the period. Finally, Hosking Partners LLP increased its stake in Navios Maritime Acquisition Corporation by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 1,251,093 shares of the shipping company’s stock worth $1,839,000 after acquiring an additional 19,929 shares during the period. Hedge funds and other institutional investors own 18.10% of the company’s stock.

A number of research firms have commented on NNA. Stifel Nicolaus set a $2.00 price objective on Navios Maritime Acquisition Corporation and gave the stock a “buy” rating in a research note on Sunday, October 29th. Zacks Investment Research upgraded Navios Maritime Acquisition Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. ValuEngine lowered Navios Maritime Acquisition Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. TheStreet lowered Navios Maritime Acquisition Corporation from a “c” rating to a “d+” rating in a research note on Thursday, August 10th. Finally, Citigroup Inc. lowered 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 note on Friday, August 11th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $1.63.

Navios Maritime Acquisition Corporation (NYSE NNA) opened at $1.30 on Tuesday. Navios Maritime Acquisition Corporation has a 52 week low of $1.08 and a 52 week high of $2.11. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.12. The stock has a market capitalization of $193.96, a price-to-earnings ratio of 18.43 and a beta of 1.59.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Wednesday, December 6th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.20 annualized dividend and a dividend yield of 15.38%. Navios Maritime Acquisition Corporation’s payout ratio is -64.52%.

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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.

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

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