Navios Maritime Partners (NYSE:NMM) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Navios Maritime Partners shares recently crossed above their 200-day moving average, currently trading at $43.97, with a market capitalization of $1.31 billion.
• The company's latest quarterly earnings reported earnings per share of $2.15, exceeding analysts' expectations of $1.74, despite a 4.3% decrease in revenue year-over-year.
• A quarterly dividend of $0.05 per share was recently announced, resulting in an annualized dividend yield of 0.5%.

Navios Maritime Partners LP (NYSE:NMM - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $40.75 and traded as high as $44.51. Navios Maritime Partners shares last traded at $43.97, with a volume of 140,546 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "hold (c+)" rating on shares of Navios Maritime Partners in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Navios Maritime Partners has a consensus rating of "Hold".

Navios Maritime Partners Trading Down 2.3%

The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 4.38 and a beta of 1.54. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.09 and a quick ratio of 1.09. The business's 50-day simple moving average is $46.22 and its two-hundred day simple moving average is $40.75.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The shipping company reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.41. The firm had revenue of $327.56 million for the quarter, compared to analysts' expectations of $309.58 million. Navios Maritime Partners had a net margin of 23.31% and a return on equity of 9.24%. Navios Maritime Partners's revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.06 earnings per share. On average, research analysts anticipate that Navios Maritime Partners LP will post 12.64 earnings per share for the current fiscal year.

Navios Maritime Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, August 11th. Navios Maritime Partners's payout ratio is presently 1.99%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NMM. Merrion Investment Management Co LLC lifted its position in shares of Navios Maritime Partners by 497.6% during the first quarter. Merrion Investment Management Co LLC now owns 60,000 shares of the shipping company's stock worth $2,353,000 after purchasing an additional 49,960 shares in the last quarter. Ieq Capital LLC raised its holdings in Navios Maritime Partners by 41.4% in the first quarter. Ieq Capital LLC now owns 78,684 shares of the shipping company's stock valued at $3,086,000 after acquiring an additional 23,054 shares in the last quarter. Ion Asset Management Ltd. raised its holdings in Navios Maritime Partners by 2.2% in the second quarter. Ion Asset Management Ltd. now owns 817,963 shares of the shipping company's stock valued at $30,821,000 after acquiring an additional 17,285 shares in the last quarter. Jump Financial LLC acquired a new stake in Navios Maritime Partners in the second quarter valued at $580,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in Navios Maritime Partners during the second quarter valued at $394,000. 62.74% of the stock is owned by institutional investors and hedge funds.

About Navios Maritime Partners

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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