Navios Maritime Partners L.P. (NYSE:NMM) Short Interest Update

Navios Maritime Partners L.P. (NYSE:NMMGet Rating) saw a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 282,500 shares, a decrease of 17.1% from the May 15th total of 340,700 shares. Based on an average daily volume of 295,200 shares, the short-interest ratio is currently 1.0 days.

NMM has been the subject of a number of research reports. Jefferies Financial Group started coverage on shares of Navios Maritime Partners in a research report on Wednesday, April 27th. They set a “buy” rating for the company. StockNews.com downgraded shares of Navios Maritime Partners from a “buy” rating to a “hold” rating in a research note on Thursday, June 9th.

A number of hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley boosted its position in Navios Maritime Partners by 406.7% during the second quarter. Morgan Stanley now owns 762,456 shares of the shipping company’s stock valued at $22,538,000 after purchasing an additional 611,991 shares in the last quarter. GMT Capital Corp acquired a new position in Navios Maritime Partners during the first quarter worth $20,932,000. Two Sigma Advisers LP boosted its stake in Navios Maritime Partners by 11.0% during the third quarter. Two Sigma Advisers LP now owns 242,400 shares of the shipping company’s stock worth $7,842,000 after buying an additional 24,100 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Navios Maritime Partners by 9.1% in the 3rd quarter. Marshall Wace LLP now owns 162,664 shares of the shipping company’s stock valued at $5,262,000 after purchasing an additional 13,553 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Navios Maritime Partners by 2.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 131,450 shares of the shipping company’s stock valued at $4,627,000 after purchasing an additional 3,087 shares during the last quarter. Institutional investors and hedge funds own 16.95% of the company’s stock.

NYSE:NMM opened at $26.32 on Thursday. Navios Maritime Partners has a twelve month low of $20.52 and a twelve month high of $37.16. The stock has a market cap of $794.79 million, a P/E ratio of 1.55 and a beta of 2.14. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.58. The firm’s fifty day simple moving average is $30.07 and its 200 day simple moving average is $29.40.

Navios Maritime Partners (NYSE:NMMGet Rating) last issued its earnings results on Tuesday, May 10th. The shipping company reported $2.78 earnings per share for the quarter, missing analysts’ consensus estimates of $3.06 by ($0.28). Navios Maritime Partners had a return on equity of 26.77% and a net margin of 52.58%. The business had revenue of $236.62 million during the quarter, compared to analysts’ expectations of $225.48 million. On average, analysts expect that Navios Maritime Partners will post 16.67 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 12th. Stockholders of record on Monday, May 9th were given a dividend of $0.05 per share. The ex-dividend date was Friday, May 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.76%. Navios Maritime Partners’s dividend payout ratio is currently 1.18%.

Navios Maritime Partners Company Profile (Get Rating)

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.

See Also

Receive News & Ratings for Navios Maritime Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime Partners and related companies with MarketBeat.com's FREE daily email newsletter.