Navios Maritime Partners (NYSE:NMM) Stock Price Passes Above 200-Day Moving Average of $28.43

Navios Maritime Partners L.P. (NYSE:NMM - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.43 and traded as high as $43.24. Navios Maritime Partners shares last traded at $42.49, with a volume of 49,725 shares.

Navios Maritime Partners Stock Performance

The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. The company has a market cap of $1.27 billion, a P/E ratio of 2.99 and a beta of 1.97. The firm has a 50 day moving average of $35.36 and a 200-day moving average of $28.57.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last announced its earnings results on Tuesday, February 13th. The shipping company reported $4.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $1.74. The business had revenue of $327.50 million for the quarter, compared to analysts' expectations of $322.00 million. Navios Maritime Partners had a return on equity of 15.07% and a net margin of 33.18%. The business's revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.66 EPS. As a group, sell-side analysts anticipate that Navios Maritime Partners L.P. will post 14.43 EPS for the current fiscal year.

Navios Maritime Partners Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Monday, February 12th were given a dividend of $0.05 per share. The ex-dividend date was Friday, February 9th. This represents a $0.20 annualized dividend and a yield of 0.48%. Navios Maritime Partners's dividend payout ratio (DPR) is presently 1.42%.

Institutional Trading of Navios Maritime Partners

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. acquired a new stake in shares of Navios Maritime Partners in the 1st quarter worth $28,000. Credit Suisse AG acquired a new stake in shares of Navios Maritime Partners in the 2nd quarter worth $43,000. Bank of America Corp DE boosted its position in shares of Navios Maritime Partners by 147.4% in the 1st quarter. Bank of America Corp DE now owns 1,549 shares of the shipping company's stock worth $55,000 after purchasing an additional 923 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Navios Maritime Partners by 14.0% in the 2nd quarter. Captrust Financial Advisors now owns 3,421 shares of the shipping company's stock worth $79,000 after purchasing an additional 421 shares in the last quarter. Finally, State of Wyoming boosted its position in shares of Navios Maritime Partners by 17.6% in the 4th quarter. State of Wyoming now owns 3,442 shares of the shipping company's stock worth $89,000 after purchasing an additional 514 shares in the last quarter. 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.