Navios Maritime Partners (NYSE:NMM) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Navios Maritime Partners stock crossed above its 200-day moving average, currently trading at $41.73, which suggests bullish momentum for investors.
• The company reported a quarterly earnings per share of $1.58, missing estimates by $0.04, while its revenue of $274.10 million surpassed expectations of $254 million.
• Navios Maritime Partners declared a quarterly dividend of $0.05, leading to an annualized dividend yield of 0.5% for investors.

Navios Maritime Partners LP (NYSE:NMM - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $39.19 and traded as high as $41.90. Navios Maritime Partners shares last traded at $41.73, with a volume of 93,803 shares traded.

Navios Maritime Partners Stock Up 1.7%

The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 3.80 and a beta of 1.49. The firm's fifty day moving average is $39.74 and its 200-day moving average is $39.19. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 1.01.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last posted its quarterly 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). The company had revenue of $274.10 million during the quarter, compared to analyst estimates of $254.00 million. Navios Maritime Partners had a net margin of 25.44% and a return on equity of 10.41%. The company's revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.32 earnings per share. On average, sell-side analysts predict that Navios Maritime Partners LP will post 12.64 earnings per share for the current year.

Navios Maritime Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Monday, August 11th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.20 annualized dividend and a yield of 0.5%. Navios Maritime Partners's dividend payout ratio is currently 1.82%.

Institutional Trading of Navios Maritime Partners

Several institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming acquired a new stake in shares of Navios Maritime Partners during the first quarter worth $157,000. BNP Paribas Financial Markets raised its holdings in shares of Navios Maritime Partners by 108.1% during the fourth quarter. BNP Paribas Financial Markets now owns 4,473 shares of the shipping company's stock worth $194,000 after purchasing an additional 2,324 shares during the period. LPL Financial LLC acquired a new stake in shares of Navios Maritime Partners during the fourth quarter worth $204,000. Raymond James Financial Inc. acquired a new stake in shares of Navios Maritime Partners during the fourth quarter worth $219,000. Finally, First Trust Advisors LP raised its holdings in shares of Navios Maritime Partners by 23.7% during the fourth quarter. First Trust Advisors LP now owns 5,325 shares of the shipping company's stock worth $231,000 after purchasing an additional 1,020 shares during the period. 62.74% of the stock is owned by institutional investors and hedge funds.

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.

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