Navios Maritime Partners - NMM Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Navios Maritime Partners in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NMM shares.
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Navios Maritime Partners' stock was trading at $25.09 at the beginning of 2022. Since then, NMM shares have increased by 17.5% and is now trading at $29.49.
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Navios Maritime Partners saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 460,000 shares, an increase of 32.8% from the June 15th total of 346,500 shares. Based on an average trading volume of 264,900 shares, the short-interest ratio is currently 1.7 days.
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Navios Maritime Partners is scheduled to release its next quarterly earnings announcement on Wednesday, November 9th 2022.
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Navios Maritime Partners L.P. (NYSE:NMM) announced its earnings results on Wednesday, November, 10th. The shipping company reported $4.77 EPS for the quarter, beating the consensus estimate of $3.44 by $1.33. The shipping company earned $227.96 million during the quarter, compared to analysts' expectations of $216.15 million. Navios Maritime Partners had a net margin of 47.70% and a trailing twelve-month return on equity of 25.91%. During the same quarter in the previous year, the firm earned $0.78 earnings per share.

Navios Maritime Partners announced a quarterly dividend on Saturday, July 30th. Shareholders of record on Tuesday, August 9th will be given a dividend of $0.05 per share on Friday, August 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Monday, August 8th.
Read our dividend analysis for NMM.

Navios Maritime Partners (NYSE:NMM) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.69%. The dividend payout ratio is 1.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NMM will have a dividend payout ratio of 0.92% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NMM.

Shares of Navios Maritime Partners reverse split on the morning of Tuesday, May 21st 2019. The 1-15 reverse split was announced on Thursday, April 25th 2019. The number of shares owned by shareholders was adjusted after the market closes on Monday, May 20th 2019. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Navios Maritime Partners investors own include Esperion Therapeutics (ESPR), Check-Cap (CHEK), New Residential Investment (NRZ), ALDW (ALDW), Energy Transfer (ET), Targa Resources (TRGP), Enterprise Products Partners (EPD), Prospect Capital (PSEC), Navios Maritime (NM) and Navios Maritime Acquisition (NNA).

Navios Maritime Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "NMM."

Navios Maritime Partners' stock is owned by many different retail and institutional investors. Top institutional shareholders include CHURCHILL MANAGEMENT Corp (0.54%), Commonwealth Equity Services LLC (0.44%), Envestnet Asset Management Inc. (0.03%) and Counterpoint Mutual Funds LLC (0.01%).

Shares of NMM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NMM stock can currently be purchased for approximately $29.49.

Navios Maritime Partners (NYSE:NMM) has a market capitalization of $890.51 million and generates $713.17 million in revenue each year. The shipping company earns $516.19 million in net income (profit) each year or $16.45 on an earnings per share basis.

Navios Maritime Partners employs 2,020 workers across the globe.

Navios Maritime Partners' mailing address is 7 AVENUE DE GRANDE BRETAGNE OFFICE 11B2, MONTE CARLO MC O9, 98000. The official website for the company is www.navios-mlp.com. The shipping company can be reached via phone at (779) 798-2140, via email at investors@navios-mlp.com, or via fax at 377-9798-2141.