How have NMM shares performed in 2024?

Navios Maritime Partners' stock was trading at $27.96 at the beginning of 2024. Since then, NMM shares have increased by 52.3% and is now trading at $42.57. View the best growth stocks for 2024 here .

Are investors shorting Navios Maritime Partners?

Navios Maritime Partners saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 251,200 shares, a drop of 22.8% from the March 15th total of 325,200 shares. Based on an average daily trading volume, of 158,700 shares, the short-interest ratio is presently 1.6 days. Currently, 1.4% of the shares of the company are short sold. View Navios Maritime Partners' Short Interest .

When is Navios Maritime Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 28th 2024. View our NMM earnings forecast .

How were Navios Maritime Partners' earnings last quarter?

Navios Maritime Partners L.P. (NYSE:NMM) announced its quarterly earnings results on Tuesday, February, 13th. The shipping company reported $4.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.58 by $1.74. The shipping company earned $327.50 million during the quarter, compared to analyst estimates of $322 million. Navios Maritime Partners had a trailing twelve-month return on equity of 14.74% and a net margin of 33.18%. The company's revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.66 earnings per share.

How often does Navios Maritime Partners pay dividends? What is the dividend yield for Navios Maritime Partners?

Navios Maritime Partners declared a quarterly dividend on Friday, February 2nd. Stockholders of record on Monday, February 12th will be paid a dividend of $0.05 per share on Wednesday, February 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Friday, February 9th. Read our dividend analysis for NMM .

Is Navios Maritime Partners a good dividend stock?

Navios Maritime Partners (NYSE:NMM) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.47%. The dividend payout ratio is 1.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NMM will have a dividend payout ratio of 1.21% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for NMM .

When did Navios Maritime Partners' stock split?

Shares of Navios Maritime Partners reverse split on the morning of Tuesday, May 21st 2019. The 1-15 reverse split was announced on Thursday, April 25th 2019. The number of shares owned by shareholders was adjusted after the market closes on Monday, May 20th 2019. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

What other stocks do shareholders of Navios Maritime Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Navios Maritime Partners investors own include Esperion Therapeutics (ESPR) , Check-Cap (CHEK) , New Residential Investment (NRZ) , ALDW (ALDW) , Energy Transfer (ET) , Targa Resources (TRGP) , Enterprise Products Partners (EPD) , Prospect Capital (PSEC) , Navios Maritime (NM) and Navios Maritime Acquisition (NNA) .

How do I buy shares of Navios Maritime Partners?

Shares of NMM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:NMM

Navios Maritime Partners (NMM) Stock Price, News & Analysis

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$42.57

-0.38 (-0.88%)

(As of 04/15/2024 ET)

Compare

Today's Range: $42.40
▼
$43.79
50-Day Range: $28.06
▼
$45.37
52-Week Range: $19.23
▼
$45.88

Volume: 90,574 shs
Average Volume: 120,741 shs
Market Capitalization: $1.28 billion

P/E Ratio: 3.02
Dividend Yield: 0.47%
Price Target: N/A

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Navios Maritime Partners MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.40% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.98
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 14.41%
From $14.43 to $16.51 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.06 out of 5 stars

Transportation Sector

31st out of 113 stocks

Deep Sea Foreign Transportation Of Freight Industry

7th out of 26 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Navios Maritime Partners.

5.0

Short Interest

Percentage of Shares Shorted
1.40% of the float of Navios Maritime Partners has been sold short.
Short Interest Ratio / Days to Cover
Navios Maritime Partners has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Navios Maritime Partners has recently decreased by 22.76%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Navios Maritime Partners has a dividend yield of 0.47%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Navios Maritime Partners does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Navios Maritime Partners is 1.42%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Navios Maritime Partners will have a dividend payout ratio of 1.21% next year. This indicates that Navios Maritime Partners will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NMM.

3.3

News and Social Media Coverage

News Sentiment
Navios Maritime Partners has a news sentiment score of 0.98. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Navios Maritime Partners this week, compared to 1 article on an average week.
Search Interest
6 people have searched for NMM on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Navios Maritime Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Navios Maritime Partners insiders have not sold or bought any company stock.
Percentage Held by Institutions
62.74% of the stock of Navios Maritime Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Navios Maritime Partners are expected to grow by 14.41% in the coming year, from $14.43 to $16.51 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Navios Maritime Partners is 3.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.25.
Price to Earnings Ratio vs. Sector
The P/E ratio of Navios Maritime Partners is 3.02, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 16.57.
Price to Book Value per Share Ratio
Navios Maritime Partners has a P/B Ratio of 0.46. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Navios Maritime Partners Stock (NYSE:NMM)

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. 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.

NMM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NMM Stock News Headlines

April 13, 2024 | americanbankingnews.com

Navios Maritime Partners (NYSE:NMM) Shares Gap Up to $41.73

April 10, 2024 | americanbankingnews.com

Navios Maritime Partners (NYSE:NMM) Stock Price Passes Above 200-Day Moving Average of $29.28

April 16, 2024 | InvestorPlace (Ad)

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April 5, 2024 | globenewswire.com

Navios Maritime Partners L.P. Announces Availability of Its Form 20-F for the Year Ended December 31, 2023

March 20, 2024 | wsj.com

Navios Maritime Partners L.P.

March 16, 2024 | finance.yahoo.com

NMM Apr 2024 40.000 call

March 11, 2024 | finance.yahoo.com

NMM Jan 2025 50.000 call

February 27, 2024 | seekingalpha.com

Navios Maritime Partners: Undervalued In A Booming Shipping Industry, Buy

April 16, 2024 | InvestorPlace (Ad)

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February 23, 2024 | finance.yahoo.com

NMM Apr 2024 30.000 put

February 21, 2024 | uk.investing.com

Navios Maritime Partners LP Unit (NMM)

February 18, 2024 | finance.yahoo.com

NMM Mar 2024 25.000 call

February 15, 2024 | finance.yahoo.com

NMM Feb 2024 22.500 call

February 14, 2024 | finance.yahoo.com

Navios Maritime Partners L.P. (NYSE:NMM) Q4 2023 Earnings Call Transcript

February 13, 2024 | msn.com

Navios Maritime beats top-line and bottom-line estimates; initiates FY24 and FY25 outlook

February 13, 2024 | finance.yahoo.com

Navios Maritime Partners L.P. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2023

February 13, 2024 | seekingalpha.com

Navios Maritime Partners L.P. 2023 Q4 - Results - Earnings Call Presentation

February 12, 2024 | benzinga.com

Earnings Outlook For Navios Maritime Partners

February 8, 2024 | markets.businessinsider.com

Series G and Series H American Depositary Shares of Navios Maritime Holdings Inc. Delisted from New York Stock Exchange

February 8, 2024 | finance.yahoo.com

Navios Maritime Partners L.P. Announces the Date for the Release of Fourth Quarter Ended December 31, 2023 Results, Conference Call and Webcast

February 2, 2024 | finance.yahoo.com

Navios Maritime Partners L.P. Announces Cash Distribution of $0.05 per Unit

January 30, 2024 | morningstar.com

Navios Maritime Partners LP

November 28, 2023 | finance.yahoo.com

MRMP Files new 13D; Sends a new letter to Navios Maritime Partners L.P.

November 24, 2023 | seekingalpha.com

Navios Maritime Partners: Wait Until Measures Yield Results

November 10, 2023 | insidermonkey.com

Navios Maritime Partners L.P. (NYSE:NMM) Q3 2023 Earnings Call Transcript

November 4, 2023 | markets.businessinsider.com

Analysts Offer Insights on NA Companies: Cedar Fair (FUN) and Navios Maritime Partners (NMM)

November 2, 2023 | finance.yahoo.com

Navios Maritime Partners L.P. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2023

See More Headlines

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Company Calendar

Ex-Dividend for 2/14 Dividend: 2/09/2024
Last Earnings: 2/13/2024
Dividend Payable: 2/14/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/28/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Transportation
Industry: Deep sea foreign transportation of freight
Sub-Industry: N/A
Current Symbol: NYSE:NMM
CUSIP: N/A
CIK: 1415921
Web: www.navios-mlp.com
Phone: (779) 798-2140
Fax: 377-9798-2141
Employees: 2,020
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $14.08
Trailing P/E Ratio: 3.02
Forward P/E Ratio: 2.95
P/E Growth: N/A
Net Income: $433.64 million
Net Margins: 33.18%
Pretax Margin: 33.18%
Return on Equity: 14.74%
Return on Assets: 7.67%

Debt

Debt-to-Equity Ratio: 0.57
Current Ratio: 0.87
Quick Ratio: 0.87

Sales & Book Value

Annual Sales: $1.31 billion
Price / Sales: 0.98
Cash Flow: $21.72 per share
Price / Cash Flow: 1.96
Book Value: $91.78 per share
Price / Book: 0.46

Miscellaneous

Outstanding Shares: 30,180,000
Free Float: N/A
Market Cap: $1.28 billion
Optionable: Optionable
Beta: 1.97

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Key Executives

Ms. Angeliki N. Frangou (Age 59)
Chairwoman & CEO
Comp: $150k
Mr. Shunji Sasada (Age 66)
President & Director
Ms. Erifili Tsironi (Age 49)
Chief Financial Officer
Mr. Efstratios Desypris (Age 51)
Chief Operating Officer
Mr. Georgios Akhniotis (Age 59)
Executive VP of Business Development & Director
Vincent Vandewalle
Chief Trading Officer
Ms. Anna Kalathakis (Age 54)
Executive Vice President of Risk Management
Joergen Rosleff
Chief Commercial Officer
Ms. Vasiliki Papaefthymiou (Age 55)
Secretary

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

NMM Stock Analysis - Frequently Asked Questions

How have NMM shares performed in 2024?: Navios Maritime Partners' stock was trading at $27.96 at the beginning of 2024. Since then, NMM shares have increased by 52.3% and is now trading at $42.57.
View the best growth stocks for 2024 here.
Are investors shorting Navios Maritime Partners?: Navios Maritime Partners saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 251,200 shares, a drop of 22.8% from the March 15th total of 325,200 shares. Based on an average daily trading volume, of 158,700 shares, the short-interest ratio is presently 1.6 days. Currently, 1.4% of the shares of the company are short sold.
View Navios Maritime Partners' Short Interest.
When is Navios Maritime Partners' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 28th 2024.
View our NMM earnings forecast.
How were Navios Maritime Partners' earnings last quarter?: Navios Maritime Partners L.P. (NYSE:NMM) announced its quarterly earnings results on Tuesday, February, 13th. The shipping company reported $4.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.58 by $1.74. The shipping company earned $327.50 million during the quarter, compared to analyst estimates of $322 million. Navios Maritime Partners had a trailing twelve-month return on equity of 14.74% and a net margin of 33.18%. The company's revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.66 earnings per share.
How often does Navios Maritime Partners pay dividends? What is the dividend yield for Navios Maritime Partners?: Navios Maritime Partners declared a quarterly dividend on Friday, February 2nd. Stockholders of record on Monday, February 12th will be paid a dividend of $0.05 per share on Wednesday, February 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Friday, February 9th.
Read our dividend analysis for NMM.

Is Navios Maritime Partners a good dividend stock?: Navios Maritime Partners (NYSE:NMM) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.47%. The dividend payout ratio is 1.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NMM will have a dividend payout ratio of 1.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NMM.
When did Navios Maritime Partners' stock split?: Shares of Navios Maritime Partners reverse split on the morning of Tuesday, May 21st 2019. The 1-15 reverse split was announced on Thursday, April 25th 2019. The number of shares owned by shareholders was adjusted after the market closes on Monday, May 20th 2019. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.
What other stocks do shareholders of Navios Maritime Partners own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Navios Maritime Partners investors own include Esperion Therapeutics (ESPR), Check-Cap (CHEK), New Residential Investment (NRZ), ALDW (ALDW), Energy Transfer (ET), Targa Resources (TRGP), Enterprise Products Partners (EPD), Prospect Capital (PSEC), Navios Maritime (NM) and Navios Maritime Acquisition (NNA).
How do I buy shares of Navios Maritime Partners?: Shares of NMM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:NMM) was last updated on 4/16/2024 by MarketBeat.com Staff

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