Shares of Navios Maritime Partners L.P. (NYSE:NMM - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.34 and traded as high as $42.49. Navios Maritime Partners shares last traded at $40.32, with a volume of 117,642 shares changing hands.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of Navios Maritime Partners from a "hold" rating to a "buy" rating in a report on Thursday, March 13th.
Get Our Latest Stock Report on NMM
Navios Maritime Partners Trading Down 2.6%
The stock has a market cap of $1.20 billion, a P/E ratio of 3.36 and a beta of 1.40. The firm's fifty day moving average price is $36.71 and its two-hundred day moving average price is $40.34. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.13 and a quick ratio of 1.13.
Navios Maritime Partners (NYSE:NMM - Get Free Report) last announced its earnings results on Wednesday, May 7th. The shipping company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.04). Navios Maritime Partners had a return on equity of 11.64% and a net margin of 27.53%. The company had revenue of $274.10 million during the quarter, compared to analysts' expectations of $254.00 million. During the same quarter last year, the firm posted $2.32 earnings per share. The firm's revenue was down 4.6% on a year-over-year basis. As a group, equities research analysts forecast that Navios Maritime Partners L.P. will post 12.64 EPS for the current year.
Navios Maritime Partners Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Friday, May 9th were given a dividend of $0.05 per share. The ex-dividend date was Friday, May 9th. This represents a $0.20 annualized dividend and a yield of 0.50%. Navios Maritime Partners's payout ratio is 1.82%.
Institutional Trading of Navios Maritime Partners
A number of institutional investors have recently modified their holdings of the company. Mraz Amerine & Associates Inc. raised its stake in Navios Maritime Partners by 9.4% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 32,694 shares of the shipping company's stock worth $1,415,000 after buying an additional 2,798 shares in the last quarter. ING Groep NV increased its position in shares of Navios Maritime Partners by 446.2% during the fourth quarter. ING Groep NV now owns 71,000 shares of the shipping company's stock valued at $3,074,000 after acquiring an additional 58,000 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Navios Maritime Partners during the fourth quarter valued at approximately $656,000. Raymond James Financial Inc. bought a new stake in shares of Navios Maritime Partners during the fourth quarter valued at approximately $219,000. Finally, Moors & Cabot Inc. boosted its holdings in Navios Maritime Partners by 2.6% in the fourth quarter. Moors & Cabot Inc. now owns 76,031 shares of the shipping company's stock worth $3,291,000 after purchasing an additional 1,901 shares during the last quarter. 62.74% of the stock is currently owned by hedge funds and other institutional investors.
About Navios Maritime Partners
(
Get Free Report)
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.
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