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

Key Points

• Navios Maritime Partners' stock price has crossed above its 200-day moving average, indicating a potential upward trend, with shares last trading at $49.35.
• The company reported earnings per share of $2.15 for the last quarter, exceeding analysts' expectations and demonstrating a 9.24% return on equity.
• Navios Maritime Partners declared a quarterly dividend of $0.05 per share, reflecting a 0.4% yield and a dividend payout ratio of 1.99%.

Shares of Navios Maritime Partners LP (NYSE:NMM - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $39.82 and traded as high as $49.59. Navios Maritime Partners shares last traded at $49.35, with a volume of 266,504 shares traded.

Navios Maritime Partners Trading Down 1.8%

The company's 50 day simple moving average is $44.83 and its two-hundred day simple moving average is $40.06. 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 company has a market cap of $1.43 billion, a PE ratio of 4.81 and a beta of 1.56.

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

Navios Maritime Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.4%. Navios Maritime Partners's dividend payout ratio (DPR) is presently 1.99%.

Institutional Trading of Navios Maritime Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP acquired a new stake in Navios Maritime Partners during the second quarter worth approximately $47,000. TD Waterhouse Canada Inc. acquired a new position in shares of Navios Maritime Partners in the 2nd quarter valued at $62,000. State of Wyoming purchased a new position in Navios Maritime Partners in the 1st quarter valued at $157,000. BNP Paribas Financial Markets grew its position in Navios Maritime Partners by 108.1% in the 4th quarter. BNP Paribas Financial Markets now owns 4,473 shares of the shipping company's stock valued at $194,000 after buying an additional 2,324 shares during the last quarter. Finally, Cerity Partners LLC purchased a new position in Navios Maritime Partners in the 2nd quarter valued at $212,000. Institutional investors and hedge funds 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.