Navios Maritime Partners (NYSE:NMM) Shares Pass Above 200 Day Moving Average - Time to Sell?

Key Points

• Navios Maritime Partners' shares have surpassed their 200-day moving average, trading at $46.85 after reaching a high of $47.84, indicating potential upward momentum.
• The company reported earnings of $2.15 EPS for the last quarter, exceeding analysts' estimates, but experienced a 4.3% decline in quarterly revenue compared to the previous year.
• Navios Maritime Partners announced a quarterly dividend of $0.05 per share, resulting in a dividend yield of 0.4%, with a consistent dividend payout ratio of 1.99%.

Shares of Navios Maritime Partners LP (NYSE:NMM - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $39.40 and traded as high as $47.84. Navios Maritime Partners shares last traded at $46.85, with a volume of 229,947 shares traded.

Navios Maritime Partners Price Performance

The stock has a 50-day simple moving average of $41.25 and a 200 day simple moving average of $39.40. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $1.39 billion, a P/E ratio of 4.67 and a beta of 1.49.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The shipping company reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.41. The company had revenue of $327.56 million during the quarter, compared to the consensus estimate of $309.58 million. Navios Maritime Partners had a return on equity of 9.32% and a net margin of 23.31%.The company's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the company earned $3.06 EPS. On average, equities analysts expect that Navios Maritime Partners LP will post 12.64 EPS for the current year.

Navios Maritime Partners Dividend Announcement

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

Hedge Funds Weigh In On Navios Maritime Partners

Several hedge funds and other institutional investors have recently modified their holdings of NMM. Allworth Financial LP bought a new position in shares of Navios Maritime Partners during the 2nd quarter worth approximately $47,000. TD Waterhouse Canada Inc. bought a new position in Navios Maritime Partners in the 2nd quarter valued at $62,000. State of Wyoming bought a new position in Navios Maritime Partners in the 1st quarter valued at $157,000. BNP Paribas Financial Markets raised 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 purchasing an additional 2,324 shares during the last quarter. Finally, LPL Financial LLC bought a new position in Navios Maritime Partners in the 4th quarter valued at $204,000. Institutional investors own 62.74% of the company's stock.

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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