Navios Maritime Partners Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Navios Maritime Partners in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Navios Maritime Partners stock.
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Navios Maritime Partners saw a increase in short interest in August. As of August 31st, there was short interest totaling 309,300 shares, an increase of 34.1% from the August 15th total of 230,700 shares. Based on an average trading volume of 473,300 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.7% of the shares of the stock are sold short.
View Navios Maritime Partners' Short Interest.

Navios Maritime Partners is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Navios Maritime Partners.

Navios Maritime Partners L.P. (NYSE:NMM) released its quarterly earnings data on Tuesday, July, 27th. The shipping company reported $4.31 earnings per share for the quarter, topping the Zacks' consensus estimate of $2.38 by $1.93. The shipping company earned $152.01 million during the quarter, compared to analyst estimates of $146.03 million. Navios Maritime Partners had a net margin of 55.13% and a trailing twelve-month return on equity of 14.74%.
View Navios Maritime Partners' earnings history.

Navios Maritime Partners' stock was trading at $7.29 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, NMM shares have increased by 315.1% and is now trading at $30.26.
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Navios Maritime Partners declared a quarterly dividend on Tuesday, July 27th. Shareholders of record on Monday, August 9th will be paid a dividend of $0.05 per share on Thursday, August 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Friday, August 6th.
View Navios Maritime Partners' dividend history.

Navios Maritime Partners pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.66%. The dividend payout ratio of Navios Maritime Partners is 22.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Navios Maritime Partners will have a dividend payout ratio of 1.55% next year. This indicates that Navios Maritime Partners will be able to sustain or increase its dividend.
View Navios Maritime Partners' dividend history.

Shares of Navios Maritime Partners reverse split 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 brokerages have issued 12 month target prices for Navios Maritime Partners' shares. Their forecasts range from $20.00 to $21.00. On average, they anticipate Navios Maritime Partners' share price to reach $20.33 in the next twelve months. This suggests that the stock has a possible downside of 32.8%.
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Some companies that are related to Navios Maritime Partners include Costamare (CMRE), Euronav (EURN), Danaos (DAC), Frontline (FRO), SFL (SFL), DHT (DHT), Scorpio Tankers (STNG), Global Ship Lease (GSL), Genco Shipping & Trading (GNK), Eagle Bulk Shipping (EGLE), Safe Bulkers (SB), TORM (TRMD), Diana Shipping (DSX), Navigator (NVGS) and Dorian LPG (LPG).
View all of NMM's 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), 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 a number of institutional and retail investors. Top institutional shareholders include Morgan Stanley (3.85%), Morgan Stanley (3.85%), Susquehanna International Group LLP (0.00%), Citadel Advisors LLC (0.00%), Group One Trading L.P. (0.00%) and Skandinaviska Enskilda Banken AB publ (1.70%).

NMM stock was sold by a variety of institutional investors in the last quarter, including Globeflex Capital L P, Wolverine Trading LLC, and Russell Investments Group Ltd..

NMM stock was acquired by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Skandinaviska Enskilda Banken AB publ, Group One Trading L.P., Marshall Wace LLP, Marshall Wace LLP, Citadel Advisors LLC, and Advisor Group Holdings Inc..

Shares of NMM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NMM stock can currently be purchased for approximately $30.26.

Navios Maritime Partners has a market capitalization of $599.75 million and generates $226.77 million in revenue each year. The shipping company earns $-68,540,000.00 in net income (profit) each year or $0.89 on an earnings per share basis.

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

Navios Maritime Partners is headquartered at 7 AVENUE DE GRANDE BRETAGNE OFFICE 11B2, MONTE CARLO MC O9, 98000.

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 (779) 798-2140 or via email at [email protected]