Navios Maritime Partners (NYSE:NMM) Upgraded to “Buy” at Wall Street Zen

Navios Maritime Partners (NYSE:NMM) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Navios Maritime Partners in a research report on Monday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Navios Maritime Partners Trading Down 0.7%

Navios Maritime Partners stock opened at $51.16 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.03 and a current ratio of 1.03. Navios Maritime Partners has a fifty-two week low of $28.37 and a fifty-two week high of $56.44. The stock has a market cap of $1.52 billion, a P/E ratio of 5.86 and a beta of 1.43. The firm’s fifty day moving average price is $49.62 and its 200-day moving average price is $45.26.

Navios Maritime Partners (NYSE:NMM) last posted its quarterly earnings data on Tuesday, November 18th. The shipping company reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.28. The company had revenue of $346.92 million during the quarter, compared to analyst estimates of $334.64 million. Navios Maritime Partners had a return on equity of 8.69% and a net margin of 20.04%.The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the company earned $3.15 earnings per share. Equities research analysts forecast that Navios Maritime Partners will post 12.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Navios Maritime Partners

A number of large investors have recently modified their holdings of the company. Ieq Capital LLC boosted its stake in Navios Maritime Partners by 41.4% in the first quarter. Ieq Capital LLC now owns 78,684 shares of the shipping company’s stock worth $3,086,000 after buying an additional 23,054 shares in the last quarter. State of Wyoming bought a new stake in shares of Navios Maritime Partners in the 1st quarter worth approximately $157,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of Navios Maritime Partners in the 2nd quarter valued at $394,000. Westhampton Capital LLC grew its holdings in shares of Navios Maritime Partners by 35.4% during the 2nd quarter. Westhampton Capital LLC now owns 7,656 shares of the shipping company’s stock valued at $288,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. grew its holdings in shares of Navios Maritime Partners by 22.7% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 40,670 shares of the shipping company’s stock valued at $1,532,000 after purchasing an additional 7,525 shares during the last quarter. 62.74% of the stock is owned by hedge funds and other institutional investors.

Navios Maritime Partners Company Profile

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.