Navios Maritime Partners (NYSE:NMM) Shares Up 3.9% - Here's Why

Shares of Navios Maritime Partners L.P. (NYSE:NMM - Get Free Report) shot up 3.9% during trading on Monday . The stock traded as high as $36.24 and last traded at $36.81. 25,324 shares changed hands during trading, a decline of 85% from the average session volume of 172,821 shares. The stock had previously closed at $35.42.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Navios Maritime Partners from a "hold" rating to a "buy" rating in a report on Thursday, March 13th.

Navios Maritime Partners Price Performance

The company has a debt-to-equity ratio of 0.59, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $1.10 billion, a P/E ratio of 3.09 and a beta of 1.31. The company's 50 day moving average price is $36.47 and its 200 day moving average price is $43.41.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The shipping company reported $2.61 EPS for the quarter, missing analysts' consensus estimates of $4.54 by ($1.93). The firm had revenue of $302.99 million during the quarter, compared to the consensus estimate of $340.83 million. Navios Maritime Partners had a net margin of 27.53% and a return on equity of 11.64%. As a group, sell-side analysts anticipate that Navios Maritime Partners L.P. will post 12.64 EPS for the current fiscal year.

Navios Maritime Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.20 annualized dividend and a yield of 0.54%. Navios Maritime Partners's dividend payout ratio is currently 1.67%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Ion Asset Management Ltd. boosted its stake in Navios Maritime Partners by 81.9% during the 4th quarter. Ion Asset Management Ltd. now owns 805,678 shares of the shipping company's stock worth $34,878,000 after acquiring an additional 362,678 shares during the last quarter. ING Groep NV increased its stake in Navios Maritime Partners by 446.2% during the 4th quarter. ING Groep NV now owns 71,000 shares of the shipping company's stock worth $3,074,000 after purchasing an additional 58,000 shares in the last quarter. Merrion Investment Management Co LLC raised 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 buying an additional 49,960 shares during the period. Commonwealth Equity Services LLC lifted its stake in Navios Maritime Partners by 38.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 160,834 shares of the shipping company's stock valued at $6,963,000 after buying an additional 44,576 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Navios Maritime Partners in the fourth quarter valued at approximately $769,000. 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.

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