Navios Maritime Partners (NYSE:NMM) Stock Passes Above 200-Day Moving Average - What's Next?

Navios Maritime Partners LP (NYSE:NMM - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $39.45 and traded as high as $39.84. Navios Maritime Partners shares last traded at $39.45, with a volume of 57,711 shares.

Navios Maritime Partners Trading Down 0.7%

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 capitalization of $1.21 billion, a P/E ratio of 3.71 and a beta of 1.34. The company's fifty day simple moving average is $39.30 and its 200-day simple moving average is $39.39.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The shipping company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.04). The business had revenue of $274.10 million during the quarter, compared to analysts' expectations of $254.00 million. Navios Maritime Partners had a return on equity of 10.41% and a net margin of 25.44%. Navios Maritime Partners's revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.32 EPS. Research analysts predict that Navios Maritime Partners LP will post 12.64 earnings per share for the current year.

Navios Maritime Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Friday, May 9th were issued a $0.05 dividend. The ex-dividend date was Friday, May 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.49%. Navios Maritime Partners's dividend payout ratio is presently 1.82%.

Institutional Investors Weigh In On Navios Maritime Partners

Hedge funds have recently made changes to their positions in the stock. Natixis grew its stake in Navios Maritime Partners by 0.3% in the fourth quarter. Natixis now owns 124,727 shares of the shipping company's stock valued at $5,399,000 after purchasing an additional 397 shares during the last quarter. Mraz Amerine & Associates Inc. grew its position in shares of Navios Maritime Partners by 1.4% in the 1st quarter. Mraz Amerine & Associates Inc. now owns 33,145 shares of the shipping company's stock worth $1,289,000 after buying an additional 451 shares during the last quarter. Live Oak Investment Partners grew its position in shares of Navios Maritime Partners by 2.0% in the 1st quarter. Live Oak Investment Partners now owns 28,162 shares of the shipping company's stock worth $1,105,000 after buying an additional 552 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Navios Maritime Partners by 23.7% during the 4th quarter. First Trust Advisors LP now owns 5,325 shares of the shipping company's stock worth $231,000 after acquiring an additional 1,020 shares in the last quarter. Finally, Westhampton Capital LLC lifted its position in Navios Maritime Partners by 35.4% during the second quarter. Westhampton Capital LLC now owns 7,656 shares of the shipping company's stock valued at $288,000 after acquiring an additional 2,000 shares during the last quarter. 62.74% of the stock is currently owned by hedge funds and other institutional investors.

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.