Navios Maritime Partners (NYSE:NMM) Shares Gap Up to $51.58

Navios Maritime Partners L.P. (NYSE:NMMGet Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $51.58, but opened at $52.64. Navios Maritime Partners shares last traded at $52.08, with a volume of 19,084 shares changing hands.

Navios Maritime Partners Stock Performance

The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.55. The firm’s 50 day simple moving average is $45.51 and its two-hundred day simple moving average is $36.27. The stock has a market capitalization of $1.56 billion, a P/E ratio of 3.90 and a beta of 1.95.

Navios Maritime Partners (NYSE:NMMGet Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The shipping company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.27. Navios Maritime Partners had a net margin of 30.99% and a return on equity of 14.41%. The business had revenue of $318.60 million during the quarter, compared to the consensus estimate of $283.59 million. During the same period in the prior year, the firm posted $2.13 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, analysts forecast that Navios Maritime Partners L.P. will post 15.2 earnings per share for the current fiscal year.

Navios Maritime Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Friday, May 10th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Thursday, May 9th. Navios Maritime Partners’s payout ratio is 1.51%.

Institutional Trading of Navios Maritime Partners

Institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC raised its position in shares of Navios Maritime Partners by 11.2% in the first quarter. Commonwealth Equity Services LLC now owns 129,538 shares of the shipping company’s stock worth $5,521,000 after buying an additional 13,037 shares in the last quarter. International Assets Investment Management LLC bought a new position in Navios Maritime Partners in the fourth quarter valued at $782,000. Jump Financial LLC raised its position in Navios Maritime Partners by 135.5% during the fourth quarter. Jump Financial LLC now owns 21,900 shares of the shipping company’s stock valued at $612,000 after purchasing an additional 12,600 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Navios Maritime Partners during the 1st quarter valued at about $555,000. Finally, Virtu Financial LLC purchased a new position in shares of Navios Maritime Partners during the 1st quarter valued at about $452,000. 62.74% of the stock is currently owned by hedge funds and other institutional investors.

About Navios Maritime Partners

(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.

Further Reading

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