Navios Maritime Partners (NYSE:NMM) Share Price Passes Above 200-Day Moving Average of $28.43

Navios Maritime Partners L.P. (NYSE:NMMGet Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.43 and traded as high as $43.24. Navios Maritime Partners shares last traded at $42.49, with a volume of 49,725 shares changing hands.

Navios Maritime Partners Stock Down 0.3 %

The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. The firm has a market cap of $1.28 billion, a PE ratio of 3.02 and a beta of 1.97. The firm’s 50 day moving average is $35.10 and its 200-day moving average is $28.43.

Navios Maritime Partners (NYSE:NMMGet Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The shipping company reported $4.32 EPS for the quarter, topping the consensus estimate of $2.58 by $1.74. Navios Maritime Partners had a net margin of 33.18% and a return on equity of 15.07%. The firm had revenue of $327.50 million during the quarter, compared to analyst estimates of $322.00 million. During the same quarter in the prior year, the business posted $3.66 earnings per share. Navios Maritime Partners’s revenue for the quarter was down 11.7% compared to the same quarter last year. As a group, equities research analysts expect that Navios Maritime Partners L.P. will post 14.43 earnings per share for the current fiscal year.

Navios Maritime Partners Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Monday, February 12th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Friday, February 9th. Navios Maritime Partners’s dividend payout ratio is currently 1.42%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Captrust Financial Advisors boosted its stake in Navios Maritime Partners by 14.0% during the 2nd quarter. Captrust Financial Advisors now owns 3,421 shares of the shipping company’s stock valued at $79,000 after purchasing an additional 421 shares during the period. Occudo Quantitative Strategies LP increased its position in shares of Navios Maritime Partners by 2.4% in the second quarter. Occudo Quantitative Strategies LP now owns 21,023 shares of the shipping company’s stock worth $484,000 after acquiring an additional 483 shares in the last quarter. State of Wyoming grew its position in Navios Maritime Partners by 17.6% during the fourth quarter. State of Wyoming now owns 3,442 shares of the shipping company’s stock valued at $89,000 after purchasing an additional 514 shares in the last quarter. Royal Bank of Canada grew its position in Navios Maritime Partners by 1.2% during the third quarter. Royal Bank of Canada now owns 48,948 shares of the shipping company’s stock valued at $1,132,000 after purchasing an additional 569 shares in the last quarter. Finally, Geneos Wealth Management Inc. bought a new stake in Navios Maritime Partners in the first quarter worth approximately $28,000. 62.74% of the stock is owned by institutional investors and hedge funds.

Navios Maritime Partners Company Profile

(Get Free Report)

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.

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