Navios Maritime Partners (NYSE:NMM) Shares Pass Above 200 Day Moving Average – Time to Sell?

Navios Maritime Partners LP (NYSE:NMM)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $39.40 and traded as high as $47.84. Navios Maritime Partners shares last traded at $46.85, with a volume of 229,947 shares traded.

Navios Maritime Partners Trading Up 0.3%

The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 4.67 and a beta of 1.49. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50-day simple moving average is $41.25 and its 200-day simple moving average is $39.40.

Navios Maritime Partners (NYSE:NMM) last issued its quarterly earnings results on Thursday, August 21st. The shipping company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.74 by $0.41. Navios Maritime Partners had a net margin of 23.31% and a return on equity of 9.32%. The company had revenue of $327.56 million during the quarter, compared to analysts’ expectations of $309.58 million. During the same quarter in the previous year, the company earned $3.06 EPS. Navios Maritime Partners’s revenue was down 4.3% on a year-over-year basis. On average, research analysts expect that Navios Maritime Partners LP will post 12.64 earnings per share for the current fiscal year.

Navios Maritime Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.4%. Navios Maritime Partners’s payout ratio is 1.99%.

Institutional Investors Weigh In On Navios Maritime Partners

Institutional investors have recently made changes to their positions in the stock. Allworth Financial LP acquired a new stake in shares of Navios Maritime Partners during the second quarter worth $47,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Navios Maritime Partners during the second quarter worth $62,000. State of Wyoming acquired a new stake in shares of Navios Maritime Partners during the first quarter worth $157,000. BNP Paribas Financial Markets grew its stake in shares of Navios Maritime Partners by 108.1% during the fourth quarter. BNP Paribas Financial Markets now owns 4,473 shares of the shipping company’s stock worth $194,000 after purchasing an additional 2,324 shares during the period. Finally, LPL Financial LLC acquired a new stake in shares of Navios Maritime Partners during the fourth quarter worth $204,000. 62.74% of the stock is owned by institutional investors and hedge funds.

Navios Maritime Partners Company Profile

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.