Navios Maritime Partners (NYSE:NMM) Reaches New 1-Year High – What’s Next?

Navios Maritime Partners LP (NYSE:NMM) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $54.63 and last traded at $54.37, with a volume of 85292 shares traded. The stock had previously closed at $53.39.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Navios Maritime Partners in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Navios Maritime Partners has an average rating of “Hold”.

Navios Maritime Partners Price Performance

The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $1.62 billion, a P/E ratio of 5.45 and a beta of 1.53. The company has a 50 day moving average price of $48.05 and a 200 day moving average price of $44.17.

Navios Maritime Partners (NYSE:NMM) last posted its quarterly earnings results on Tuesday, November 18th. The shipping company reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.28. Navios Maritime Partners had a return on equity of 9.24% and a net margin of 23.31%.The business had revenue of $346.92 million for the quarter, compared to analysts’ expectations of $334.64 million. During the same quarter in the prior year, the business earned $3.15 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities analysts predict that Navios Maritime Partners LP will post 12.64 EPS for the current fiscal year.

Navios Maritime Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 10th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, November 10th. Navios Maritime Partners’s dividend payout ratio (DPR) is currently 2.29%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Merrion Investment Management Co LLC lifted its position in Navios Maritime Partners by 0.4% during the third quarter. Merrion Investment Management Co LLC now owns 65,250 shares of the shipping company’s stock worth $2,940,000 after acquiring an additional 250 shares during the last quarter. Live Oak Investment Partners increased its stake in shares of Navios Maritime Partners by 1.3% during the second quarter. Live Oak Investment Partners now owns 28,537 shares of the shipping company’s stock worth $1,075,000 after purchasing an additional 375 shares during the period. Raymond James Financial Inc. lifted its holdings in Navios Maritime Partners by 5.6% during the 3rd quarter. Raymond James Financial Inc. now owns 7,192 shares of the shipping company’s stock worth $324,000 after purchasing an additional 380 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in Navios Maritime Partners by 0.8% during the 3rd quarter. Moors & Cabot Inc. now owns 92,682 shares of the shipping company’s stock worth $4,175,000 after purchasing an additional 750 shares during the last quarter. Finally, Allworth Financial LP bought a new stake in Navios Maritime Partners in the 2nd quarter valued at $47,000. Institutional investors and hedge funds 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.