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 start of the year. Since then, NMM stock has increased by 20.9% and is now trading at $30.33.
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Navios Maritime Partners saw a increase in short interest in 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 daily volume of 264,900 shares, the short-interest ratio is presently 1.7 days.
View Navios Maritime Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 9th 2022.
View our NMM earnings forecast.

Navios Maritime Partners L.P. (NYSE:NMM) issued its quarterly earnings results on Wednesday, November, 10th. The shipping company reported $4.77 earnings per share (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 the consensus estimate 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 EPS.

Navios Maritime Partners announced a quarterly dividend on Saturday, July 30th. Investors of record on Tuesday, August 9th will be paid 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 0.66%. The ex-dividend date 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 0.66%. 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 closing bell 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 a number of retail and institutional investors. Top institutional investors include Group One Trading L.P. (0.00%), FMR LLC (0.68%), CHURCHILL MANAGEMENT Corp (0.54%), Commonwealth Equity Services LLC (0.44%), GMT Capital Corp (0.36%) and BNP Paribas Arbitrage SA (0.30%).

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 $30.33.

Navios Maritime Partners (NYSE:NMM) has a market capitalization of $915.97 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.

The company 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.