Navios Maritime Partners (NYSE:NMM) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Navios Maritime Partners LP (NYSE:NMM) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $40.16 and traded as high as $48.61. Navios Maritime Partners shares last traded at $48.34, with a volume of 96,531 shares trading hands.

Navios Maritime Partners Price Performance

The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.09 and a current ratio of 1.09. The company’s fifty day simple moving average is $45.17 and its two-hundred day simple moving average is $40.16. The stock has a market capitalization of $1.44 billion, a PE ratio of 4.82 and a beta of 1.56.

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 analysts’ consensus estimates of $1.74 by $0.41. Navios Maritime Partners had a net margin of 23.31% and a return on equity of 9.24%. The business had revenue of $327.56 million during the quarter, compared to the consensus estimate of $309.58 million. During the same period in the previous year, the firm posted $3.06 earnings per share. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. As a group, sell-side analysts predict that Navios Maritime Partners LP will post 12.64 EPS for the current year.

Navios Maritime Partners Announces Dividend

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

Institutional Trading of Navios Maritime Partners

Institutional investors have recently added to or reduced their stakes in the business. Ion Asset Management Ltd. boosted its holdings in shares of Navios Maritime Partners by 2.2% during the second quarter. Ion Asset Management Ltd. now owns 817,963 shares of the shipping company’s stock valued at $30,821,000 after acquiring an additional 17,285 shares during the period. Moors & Cabot Inc. increased its holdings in shares of Navios Maritime Partners by 10.4% in the 2nd quarter. Moors & Cabot Inc. now owns 91,932 shares of the shipping company’s stock valued at $3,464,000 after purchasing an additional 8,651 shares during the period. Ieq Capital LLC increased its holdings in shares of Navios Maritime Partners by 41.4% in the 1st quarter. Ieq Capital LLC now owns 78,684 shares of the shipping company’s stock valued at $3,086,000 after purchasing an additional 23,054 shares during the period. Merrion Investment Management Co LLC increased its holdings in Navios Maritime Partners by 8.3% in the second quarter. Merrion Investment Management Co LLC now owns 65,000 shares of the shipping company’s stock worth $2,449,000 after buying an additional 5,000 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. increased its holdings in Navios Maritime Partners by 22.7% in the second quarter. Mraz Amerine & Associates Inc. now owns 40,670 shares of the shipping company’s stock worth $1,532,000 after buying an additional 7,525 shares during the last quarter. Institutional investors own 62.74% of the company’s stock.

About Navios Maritime Partners

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.