Navios Maritime Partners (NYSE:NMM) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of Navios Maritime Partners (NYSE:NMM) from a buy rating to a hold rating in a report published on Friday.

Navios Maritime Partners Stock Performance

Shares of NYSE NMM opened at $43.73 on Friday. The business’s 50-day moving average price is $43.62 and its two-hundred day moving average price is $50.04. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.13 and a quick ratio of 1.13. Navios Maritime Partners has a one year low of $32.42 and a one year high of $65.89. The company has a market capitalization of $1.31 billion, a P/E ratio of 3.65 and a beta of 1.93.

Navios Maritime Partners (NYSE:NMM) last issued its earnings results on Thursday, February 13th. The shipping company reported $2.61 EPS for the quarter, missing analysts’ consensus estimates of $4.54 by ($1.93). Navios Maritime Partners had a net margin of 27.53% and a return on equity of 11.64%. The firm had revenue of $302.99 million during the quarter, compared to analysts’ expectations of $340.83 million. Analysts anticipate that Navios Maritime Partners will post 12.64 earnings per share for the current fiscal year.

Navios Maritime Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, February 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.46%. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 1.67%.

Institutional Trading of Navios Maritime Partners

Several large investors have recently made changes to their positions in NMM. Ion Asset Management Ltd. boosted its stake in shares of Navios Maritime Partners by 81.9% during the 4th quarter. Ion Asset Management Ltd. now owns 805,678 shares of the shipping company’s stock worth $34,878,000 after acquiring an additional 362,678 shares in the last quarter. Integrated Investment Consultants LLC acquired a new position in shares of Navios Maritime Partners during the 3rd quarter worth about $4,208,000. ING Groep NV lifted its position in shares of Navios Maritime Partners by 446.2% during the 4th quarter. ING Groep NV now owns 71,000 shares of the shipping company’s stock worth $3,074,000 after purchasing an additional 58,000 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Navios Maritime Partners by 38.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 160,834 shares of the shipping company’s stock worth $6,963,000 after purchasing an additional 44,576 shares during the last quarter. Finally, Walleye Capital LLC lifted its position in shares of Navios Maritime Partners by 4,002.4% during the 3rd quarter. Walleye Capital LLC now owns 35,512 shares of the shipping company’s stock worth $2,224,000 after purchasing an additional 36,422 shares during the last quarter. Institutional investors own 62.74% of the company’s stock.

About Navios Maritime Partners

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 charters its vessels under short, medium, and longer-term charters.