Navios Maritime Acquisition Corp (NNA): This Hedge Fund Discloses +5% Position

This just in, the COO of  Claren Road Asset Management, LLC, Albert Marino, reported an acquisition of 3,956,844 shares in Navios Maritime Acquisition Corp (NYSE:NNA) in a 13G filing with the SEC’s Edgar system. In total, the holding in Navios Maritime Acquisition Corp (NYSE:NNA) represents a 5.2% stake and is worth almost $13.02 million. This is a new position.

In investment circles, 13Gs reveal the goals of passive fund managers. These members of the “investing elite” do not have the same level of coverage as their activist, i.e. “hedge hunter,” peers, but passive managers must be monitored in a similar light.

In layman’s terms it is very important for everyday investors to pay attention to Claren Road’s latest trade into Navios Maritime Acquisition Corp (NYSE:NNA). Despite the fact that most shareholders keep a close eye on a multitude of equity-based metrics, there’s one that is often overlooked: consensus hedge fund sentiment.

At Insider Monkey, our research has discovered that mimickers who copy specific hedge fund activity can outpace the broader indices by an average of eighteen percentage points per year (see the details here).

Focusing on Navios Maritime Acquisition Corp (NYSE:NNA), we can see that Whitebox Advisors managed by Andy Redleaf, and Wilmot B. Harkey and Daniel Mack’s Nantahala Capital Management were bullish on Navios Maritime Acquisition Corp (NYSE:NNA) at the end of last quarter. Specifically, the Whitebox Advisors‘s stake in Navios Maritime Acquisition Corp (NYSE:NNA) represents 323,000 shares, the position being worth about $1.06 million at the current price of the stock. Nantahala Capital Management owns 837,001 shares of the company, and the value of the stake is $2.75 milli0n.

Equally as important, we must mention some other stocks in Claren Road Asset Management’s 13F portfolio, aside from Navios Maritime Acquisition Corp (NYSE:NNA).

As follows, they include Delta Air Lines, Inc. (NYSE:DAL), American International Group Inc (NYSE:AIG), and Genworth Financial Inc (NYSE:GNW), and are discussed on the following page: