Navios Acquisition Overview
Navios Maritime Acquisition (NNA) is a shipping holding company focused on product tankers and VLCC crude carriers. NNA is a 'daughter-company' of Navios Maritime Holdings (NM). NNA was previously the general partner and owned nearly 60% of Navios Midstream Partners (NAP), which imploded (as expected and as predicted) during 2018 as the unsustainable distribution was finally cut and the resulting shell was rolled back up.
NNA conducted a 15-1 reverse split last Novenber and they rolled-up NAP at a post-split ratio of 0.42 shares