Navios Maritime Partners (NYSE:NMM) Rating Lowered to “Hold” at Wall Street Zen

Navios Maritime Partners (NYSE:NMM) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Navios Maritime Partners in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Navios Maritime Partners Stock Performance

Shares of NMM stock opened at $62.09 on Friday. The business has a fifty day moving average of $55.47 and a 200 day moving average of $50.32. Navios Maritime Partners has a 1 year low of $28.37 and a 1 year high of $63.47. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 7.11 and a beta of 1.38.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Allworth Financial LP acquired a new stake in shares of Navios Maritime Partners during the 2nd quarter worth approximately $47,000. TD Waterhouse Canada Inc. acquired a new position in shares of Navios Maritime Partners in the 2nd quarter valued at $62,000. State of Wyoming purchased a new stake in Navios Maritime Partners during the fourth quarter worth $137,000. Cerity Partners LLC acquired a new stake in Navios Maritime Partners during the second quarter valued at $212,000. Finally, Aristides Capital LLC acquired a new stake in Navios Maritime Partners during the second quarter valued at $228,000. 62.74% of the stock is owned by institutional investors and hedge funds.

About Navios Maritime Partners

Navios Maritime Partners L.P. (NYSE: NMM) is a dry bulk shipping company that owns and operates a fleet of Capesize, Panamax and Supramax vessels. The partnership charters its vessels under medium- and long-term contracts to a diverse group of charterers, providing seaborne transportation for major bulk cargoes such as iron ore, coal, grain and fertilizers. Through this asset-light model, Navios Maritime Partners seeks to generate stable cash flows while retaining flexibility to capitalize on market opportunities.

Formed in November 2007 and sponsored by Navios Maritime Holdings Inc, the partnership leverages the operating platform and commercial management capabilities of the Navios group.