Navios Maritime Partners Stock Forecast, Price & News

Navios Maritime Partners' stock was trading at $7.29 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, NMM stock has increased by 10.3% and is now trading at $8.04.
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2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Navios Maritime Partners in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
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Navios Maritime Partners is scheduled to release its next quarterly earnings announcement on Monday, February 8th 2021.
View our earnings forecast for Navios Maritime Partners.

Navios Maritime Partners L.P. (NYSE:NMM) released its quarterly earnings results on Thursday, November, 5th. The shipping company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.20. The shipping company had revenue of $64.50 million for the quarter, compared to the consensus estimate of $60.53 million. Navios Maritime Partners had a positive return on equity of 2.59% and a negative net margin of 32.80%.
View Navios Maritime Partners' earnings history.

Navios Maritime Partners announced a quarterly dividend on Friday, October 30th. Investors of record on Monday, November 9th will be given a dividend of $0.05 per share on Friday, November 13th. This represents a $0.20 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Friday, November 6th.
View Navios Maritime Partners' dividend history.

Navios Maritime Partners shares reverse split before market open on 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 Navios Maritime Partners stock prior to the reverse split would have 7 shares after the split.

2 Wall Street analysts have issued 12 month price objectives for Navios Maritime Partners' shares. Their forecasts range from $7.00 to $15.00. On average, they anticipate Navios Maritime Partners' stock price to reach $11.00 in the next twelve months. This suggests a possible upside of 36.8% from the stock's current price.
View analysts' price targets for Navios Maritime Partners.

Navios Maritime Partners saw a increase in short interest in the month of October. As of October 30th, there was short interest totaling 161,200 shares, an increase of 57.3% from the October 15th total of 102,500 shares. Based on an average daily volume of 80,000 shares, the short-interest ratio is currently 2.0 days. Approximately 1.9% of the company's stock are short sold.
View Navios Maritime Partners' Short Interest.

Some companies that are related to Navios Maritime Partners include Danaos (DAC), Genco Shipping & Trading (GNK), Teekay (TK), Eagle Bulk Shipping (EGLE), Scorpio Bulkers (SALT), Overseas Shipholding Group (OSG), Tsakos Energy Navigation (TNP), Global Ship Lease (GSL), Diana Shipping (DSX), Capital Product Partners (CPLP), Pangaea Logistics Solutions (PANL), Safe Bulkers (SB), Ardmore Shipping (ASC), Navios Maritime Containers (NMCI) and StealthGas (GASS).
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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 institutional and retail investors. Top institutional investors include Arrowstreet Capital Limited Partnership (0.48%), Globeflex Capital L P (0.15%) and GSA Capital Partners LLP (0.14%).

NMM stock was sold by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, and Globeflex Capital L P.

NMM stock was purchased by a variety of institutional investors in the last quarter, including GSA Capital Partners LLP.

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

One share of NMM stock can currently be purchased for approximately $8.04.

Navios Maritime Partners has a market capitalization of $92.36 million and generates $219.38 million in revenue each year. The shipping company earns $-62,130,000.00 in net income (profit) each year or $2.43 on an earnings per share basis.

The official website for Navios Maritime Partners is www.navios-mlp.com.

Navios Maritime Partners' mailing address is 7 AVENUE DE GRANDE BRETAGNE OFFICE 11B2, MONTE CARLO MC O9, 98000. The shipping company can be reached via phone at 377-9798-2140 or via email at [email protected]