NYSE:NMMNavios Maritime Partners Stock Price, Forecast & 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 (WHO). Since then, NMM stock has decreased by 12.3% and is now trading at $6.39.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Navios Maritime Partners in the last year. There are currently 3 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 Thursday, October 29th 2020.
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Navios Maritime Partners L.P. (NYSE:NMM) announced its earnings results on Wednesday, July, 29th. The shipping company reported ($0.71) earnings per share for the quarter, missing analysts' consensus estimates of ($0.42) by $0.29. The shipping company earned $46.55 million during the quarter, compared to the consensus estimate of $46.69 million. Navios Maritime Partners had a positive return on equity of 2.55% and a negative net margin of 32.80%.
View Navios Maritime Partners' earnings history.

Navios Maritime Partners declared a quarterly dividend on Thursday, July 30th. Investors of record on Monday, August 10th will be paid a dividend of $0.05 per share on Thursday, August 13th. This represents a $0.20 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Friday, August 7th.
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Navios Maritime Partners's stock 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 closing bell 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.

3 brokerages have issued 12-month target prices for Navios Maritime Partners' stock. Their forecasts range from $9.00 to $21.50. On average, they anticipate Navios Maritime Partners' stock price to reach $15.17 in the next twelve months. This suggests a possible upside of 137.4% from the stock's current price.
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Headlines about NMM stock have been trending somewhat negative recently, according to InfoTrie Sentiment. The research group rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Navios Maritime Partners earned a daily sentiment score of -1.0 on InfoTrie's scale. They also assigned media headlines about the shipping company a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the stock's share price in the next few days.
View the latest news about Navios Maritime Partners.

Navios Maritime Partners saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 238,500 shares, a decrease of 26.5% from the June 15th total of 324,400 shares. Based on an average trading volume of 133,900 shares, the days-to-cover ratio is presently 1.8 days. Approximately 2.8% of the company's shares are sold short.
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Some companies that are related to Navios Maritime Partners include Genco Shipping & Trading (GNK), Teekay (TK), Overseas Shipholding Group (OSG), Eagle Bulk Shipping (EGLE), Scorpio Bulkers (SALT), TSAKOS ENERGY N/SH (TNP), Ardmore Shipping (ASC), Safe Bulkers (SB), Diana Shipping (DSX), Capital Product Partners (CPLP), Grindrod Shipping (GRIN), Pangaea Logistics Solutions (PANL), TOP SHIPS (TOPS), StealthGas (GASS) and Danaos (DAC).
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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), Alon USA Partners (ALDW), Targa Resources (TRGP), Prospect Capital (PSEC), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), Navios Maritime (NM) and Capital Product Partners (CPLP).

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 shareholders include UBS Group AG (0.15%).

NMM stock was acquired by a variety of institutional investors in the last quarter, including UBS Group AG.

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 $6.39.

Navios Maritime Partners has a market capitalization of $70.23 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]