Navios Maritime Partners Stock Forecast, Price & News

Navios Maritime Partners' stock was trading at $7.29 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, NMM shares have decreased by 14.1% and is now trading at $6.26.
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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) released its earnings results on Wednesday, July, 29th. The shipping company reported ($0.71) earnings per share for the quarter, missing the consensus estimate of ($0.42) by $0.29. The shipping company earned $46.55 million during the quarter, compared to analyst estimates of $46.69 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 declared a quarterly dividend on Thursday, July 30th. Stockholders of record on Monday, August 10th will be given 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 3.19%. The ex-dividend date 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 Wall Street analysts have issued 1 year price objectives for Navios Maritime Partners' shares. Their forecasts range from $9.00 to $21.50. On average, they expect Navios Maritime Partners' stock price to reach $15.17 in the next twelve months. This suggests a possible upside of 142.3% from the stock's current price.
View analysts' price targets for Navios Maritime Partners.

Navios Maritime Partners saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 119,500 shares, a decrease of 21.8% from the August 15th total of 152,800 shares. Based on an average daily volume of 113,800 shares, the short-interest ratio is presently 1.1 days. Approximately 1.4% of the company's shares are short sold.
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Some companies that are related to Navios Maritime Partners include Eagle Bulk Shipping (EGLE), Teekay (TK), Overseas Shipholding Group (OSG), Danaos (DAC), Scorpio Bulkers (SALT), TSAKOS ENERGY N/SH (TNP), Diana Shipping (DSX), Capital Product Partners (CPLP), Pangaea Logistics Solutions (PANL), Ardmore Shipping (ASC), Safe Bulkers (SB), Global Ship Lease (GSL), StealthGas (GASS), Grindrod Shipping (GRIN) and Navios Maritime Acquisition (NNA).
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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), Energy Transfer LP Unit (ET), Enterprise Products Partners (EPD), Targa Resources (TRGP), Prospect Capital (PSEC), Capital Product Partners (CPLP) and Navios Maritime (NM).

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 Two Sigma Advisers LP (0.31%), Advisor Group Holdings Inc. (0.19%), Globeflex Capital L P (0.17%), UBS Group AG (0.15%), Virtu Financial LLC (0.12%) and Captrust Financial Advisors (0.04%).

NMM stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Advisers LP, Advisor Group Holdings Inc., and Globeflex Capital L P.

NMM stock was purchased by a variety of institutional investors in the last quarter, including Virtu Financial LLC, UBS Group AG, and Captrust Financial Advisors.

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 $6.26.

Navios Maritime Partners has a market capitalization of $68.78 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]