Navios Maritime Partners LP (NYSE:NMM - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $39.21 and traded as high as $44.28. Navios Maritime Partners shares last traded at $43.50, with a volume of 87,465 shares changing hands.
Navios Maritime Partners Stock Performance
The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The company has a 50 day simple moving average of $40.68 and a 200-day simple moving average of $39.31. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 3.92 and a beta of 1.49.
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 dividend payout ratio is presently 1.82%.
Hedge Funds Weigh In On Navios Maritime Partners
A number of institutional investors have recently modified their holdings of the company. Ion Asset Management Ltd. raised its position in shares of Navios Maritime Partners by 2.2% during the second quarter. Ion Asset Management Ltd. now owns 817,963 shares of the shipping company's stock worth $30,821,000 after purchasing an additional 17,285 shares during the period. Natixis lifted its stake in Navios Maritime Partners by 0.3% during the 4th quarter. Natixis now owns 124,727 shares of the shipping company's stock valued at $5,399,000 after acquiring an additional 397 shares in the last quarter. Moors & Cabot Inc. lifted its stake in Navios Maritime Partners by 10.4% during the 2nd quarter. Moors & Cabot Inc. now owns 91,932 shares of the shipping company's stock valued at $3,464,000 after acquiring an additional 8,651 shares in the last quarter. Ieq Capital LLC lifted its stake in Navios Maritime Partners by 41.4% during the 1st 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. Finally, Merrion Investment Management Co LLC lifted its stake in Navios Maritime Partners by 8.3% during the 2nd quarter. Merrion Investment Management Co LLC now owns 65,000 shares of the shipping company's stock valued at $2,449,000 after acquiring an additional 5,000 shares in the last quarter. 62.74% of the stock is owned by institutional investors and hedge funds.
About Navios Maritime Partners
(
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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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