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 7.1% and is now trading at $6.77. 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) announced its quarterly earnings data on Wednesday, May, 13th. The shipping company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by $1.11. The shipping company had revenue of $46.49 million for the quarter, compared to analyst estimates of $54.02 million. Navios Maritime Partners had a positive return on equity of 3.37% 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. Stockholders of record on Monday, May 11th will be given a dividend of $0.30 per share on Thursday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 17.73%. The ex-dividend date is Friday, May 8th. View Navios Maritime Partners' dividend history.

Navios Maritime Partners's stock 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 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 brokers have issued 1-year target prices 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 twelve months. This suggests a possible upside of 169.6% from the stock's current price. View analysts' price targets for Navios Maritime Partners.

Press coverage about NMM stock has trended somewhat positive this week, InfoTrie reports. The research firm ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources. 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 news sentiment score of 1.6 on InfoTrie's scale. They also assigned headlines about the shipping company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutNavios Maritime Partners.

Navios Maritime Partners saw a increase in short interest in May. As of May 15th, there was short interest totaling 176,900 shares, an increase of 21.5% from the April 30th total of 145,600 shares. Based on an average daily volume of 150,200 shares, the days-to-cover ratio is currently 1.2 days. Currently, 2.1% of the company's stock are sold short. View Navios Maritime Partners' Current Options Chain.

Some companies that are related to Navios Maritime Partners include TSAKOS ENERGY N/SH (TNP), Genco Shipping & Trading (GNK), Overseas Shipholding Group (OSG), Ardmore Shipping (ASC), Eagle Bulk Shipping (EGLE), Capital Product Partners (CPLP), Diana Shipping (DSX), Scorpio Bulkers (SALT), Danaos (DAC), Safe Bulkers (SB), StealthGas (GASS), Pangaea Logistics Solutions (PANL), Navios Maritime Acquisition (NNA), Global Ship Lease (GSL) and Grindrod Shipping (GRIN). 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."

Navios Maritime Partners' stock is owned by many different institutional and retail investors. Top institutional investors include Morgan Stanley (2.04%), Two Sigma Advisers LP (0.43%), Advisor Group Holdings Inc. (0.23%), Two Sigma Investments LP (0.19%) and Globeflex Capital L P (0.19%).

NMM stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, and Two Sigma Investments LP.

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

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 $6.77.

Navios Maritime Partners has a market capitalization of $74.39 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, MC98000. The shipping company can be reached via phone at 377-9798-2140 or via email at [email protected]