Navios Maritime Partners (NYSE:NMM) Sets New 12-Month Low - What's Next?

Navios Maritime Partners L.P. (NYSE:NMM - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $33.20 and last traded at $34.32, with a volume of 56719 shares traded. The stock had previously closed at $33.91.

Analyst Ratings Changes

Separately, StockNews.com upgraded Navios Maritime Partners from a "hold" rating to a "buy" rating in a research note on Thursday, March 13th.

Navios Maritime Partners Price Performance

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.59. The firm's fifty day moving average price is $36.47 and its 200 day moving average price is $43.41. The stock has a market cap of $1.08 billion, a PE ratio of 3.03 and a beta of 1.31.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The shipping company reported $2.61 earnings per share for the quarter, missing analysts' consensus estimates of $4.54 by ($1.93). The firm had revenue of $302.99 million for the quarter, compared to analysts' expectations of $340.83 million. Navios Maritime Partners had a net margin of 27.53% and a return on equity of 11.64%. As a group, equities analysts expect that Navios Maritime Partners L.P. will post 12.64 EPS for the current fiscal year.

Navios Maritime Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, May 9th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. Navios Maritime Partners's payout ratio is currently 1.67%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in Navios Maritime Partners in the third quarter worth about $511,000. Merrion Investment Management Co LLC lifted its stake in shares of Navios Maritime Partners by 56.9% during the 4th quarter. Merrion Investment Management Co LLC now owns 10,040 shares of the shipping company's stock worth $435,000 after acquiring an additional 3,640 shares during the last quarter. Mraz Amerine & Associates Inc. boosted its holdings in Navios Maritime Partners by 9.4% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 32,694 shares of the shipping company's stock valued at $1,415,000 after acquiring an additional 2,798 shares during the period. ING Groep NV increased its stake in Navios Maritime Partners by 446.2% in the fourth quarter. ING Groep NV now owns 71,000 shares of the shipping company's stock worth $3,074,000 after purchasing an additional 58,000 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in shares of Navios Maritime Partners during the fourth quarter worth $656,000. Hedge funds and other institutional investors own 62.74% of the company's stock.

Navios Maritime Partners Company Profile

Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. The company offers seaborne transportation services for a range of liquid and dry cargo commodities, including crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers, as well as charters its vessels under short, medium, and longer-term charters.