NYSE:NMMNavios Maritime Partners Stock Price, Forecast & News

Navios Maritime Partners' stock was trading at $7.29 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, NMM shares have increased by 28.8% and is now trading at $9.39. View which stocks have been most impacted by Coronavirus.

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." View analyst ratings for Navios Maritime Partners.

Navios Maritime Partners is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Navios Maritime Partners.

Navios Maritime Partners L.P. (NYSE:NMM) released its earnings results on Wednesday, May, 13th. The shipping company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.76 by $1.11. The shipping company earned $46.49 million during the quarter, compared to the consensus estimate of $54.02 million. Navios Maritime Partners had a positive return on equity of 3.41% and a negative net margin of 28.91%. View Navios Maritime Partners' earnings history.

Navios Maritime Partners declared a quarterly dividend on Friday, May 1st. Shareholders of record on Monday, May 11th will be paid a dividend of $0.30 per share on Thursday, May 14th. This represents a $1.20 annualized dividend and a dividend yield of 12.78%. The ex-dividend date is Friday, May 8th. View Navios Maritime Partners' dividend history.

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 Navios Maritime Partners stock prior to the reverse split would have 7 shares after the split.

2 brokerages have issued twelve-month price targets for Navios Maritime Partners' shares. Their forecasts range from $15.00 to $21.50. On average, they expect Navios Maritime Partners' stock price to reach $18.25 in the next year. This suggests a possible upside of 94.4% from the stock's current price. View analysts' price targets for Navios Maritime Partners.

News headlines about NMM stock have been trending negative this week, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Navios Maritime Partners earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned news stories about the shipping company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about Navios Maritime Partners.

Navios Maritime Partners saw a decline in short interest during the month of June. As of June 30th, there was short interest totaling 238,500 shares, a decline of 26.5% from the June 15th total of 324,400 shares. Based on an average daily trading volume, of 133,900 shares, the short-interest ratio is presently 1.8 days. Approximately 2.8% of the company's shares are short sold. View Navios Maritime Partners' Current Options Chain.

Some companies that are related to Navios Maritime Partners include Dorian LPG (LPG), Navigator (NVGS), Genco Shipping & Trading (GNK), Teekay (TK), TSAKOS ENERGY N/SH (TNP), Scorpio Bulkers (SALT), Eagle Bulk Shipping (EGLE), Overseas Shipholding Group (OSG), Capital Product Partners (CPLP), Ardmore Shipping (ASC), Diana Shipping (DSX), Safe Bulkers (SB), StealthGas (GASS), Pangaea Logistics Solutions (PANL) and Danaos (DAC). View all competitors.

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."

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 $9.39.

Navios Maritime Partners has a market capitalization of $103.20 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]