Navios Maritime Partners (NYSE:NMM) Share Price Passes Above 200-Day Moving Average - Here's Why

Key Points

• Navios Maritime Partners (NYSE:NMM) has recently crossed above its 200-day moving average, with a current trading price of $43.50 compared to the moving average of $39.21.
• The company has announced a quarterly dividend of $0.05 per share, which will be paid on August 14th, translating to an annualized yield of 0.5%.
• Institutional investors have significantly increased their holdings in Navios Maritime Partners, with Merrion Investment Management Co LLC raising its stakes by 497.6% in the first quarter.

Navios Maritime Partners LP (NYSE:NMM - ) crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.

Navios Maritime Partners Price Performance

The business has a 50-day moving average price of $40.34 and a 200 day moving average price of $39.21. The stock has a market cap of $1.29 billion, a PE ratio of 3.96 and a beta of 1.49. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.60.

Navios Maritime Partners Announces Dividend

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

Institutional Trading of Navios Maritime Partners

Institutional investors have recently added to or reduced their stakes in the stock. Merrion Investment Management Co LLC lifted its holdings in Navios Maritime Partners by 497.6% during the 1st 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. Moors & Cabot Inc. lifted its holdings in Navios Maritime Partners by 9.5% during the 1st quarter. Moors & Cabot Inc. now owns 83,281 shares of the shipping company's stock worth $3,266,000 after purchasing an additional 7,250 shares in the last quarter. Lighthouse Investment Partners LLC lifted its holdings in Navios Maritime Partners by 41.0% during the 4th quarter. Lighthouse Investment Partners LLC now owns 50,403 shares of the shipping company's stock worth $2,182,000 after purchasing an additional 14,667 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Navios Maritime Partners by 108.1% during the 4th 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 in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Navios Maritime Partners during the 4th quarter worth about $769,000. 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.

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