Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. The company offers seaborne transportation services for a range of liquid and dry cargo commodities, including crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers, as well as provides its vessels under short, medium, and longer-term charters. It operates a fleet of 26 Panamax vessels, 24 Capesize vessels, four Ultra-Handymax vessels, 47 containerships, and 45 tankers. Olympos Maritime Ltd. serves as the general partner of Navios Maritime Partners L.P. The company was founded in 2007 and is based in Monaco.
Navios Maritime Partners Trading Down 0.5 %
Shares of Navios Maritime Partners stock traded down $0.15 during trading hours on Friday, hitting $30.33. The company's stock had a trading volume of 195,873 shares, compared to its average volume of 203,846. The company has a market capitalization of $915.97 million, a PE ratio of 1.84 and a beta of 2.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a 50 day moving average of $25.22 and a 200 day moving average of $29.20. Navios Maritime Partners has a 12 month low of $19.71 and a 12 month high of $37.16.
Navios Maritime Partners (NYSE:NMM - Get Rating) last posted its earnings results on Tuesday, May 10th. The shipping company reported $2.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.06 by ($0.28). The business had revenue of $236.62 million for the quarter, compared to the consensus estimate of $225.48 million. Navios Maritime Partners had a return on equity of 25.91% and a net margin of 47.70%. Analysts predict that Navios Maritime Partners will post 18.85 earnings per share for the current year.
Navios Maritime Partners Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Tuesday, August 9th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 8th. This represents a $0.20 annualized dividend and a yield of 0.66%. Navios Maritime Partners's dividend payout ratio is currently 1.22%.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on NMM. TheStreet raised Navios Maritime Partners from a "c" rating to a "b-" rating in a research note on Wednesday, August 3rd. StockNews.com lowered shares of Navios Maritime Partners from a "buy" rating to a "hold" rating in a research note on Monday, August 1st. Clarkson Capital reaffirmed a "buy" rating on shares of Navios Maritime Partners in a research note on Tuesday, June 14th. Finally, Jefferies Financial Group initiated coverage on shares of Navios Maritime Partners in a research report on Wednesday, July 20th. They set a "buy" rating on the stock.