Navios Maritime Partners (NYSE:NMM) Upgraded at Wall Street Zen

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

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Navios Maritime Partners in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Navios Maritime Partners Price Performance

NYSE:NMM opened at $68.48 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.03 and a quick ratio of 1.03. Navios Maritime Partners has a one year low of $28.37 and a one year high of $69.85. The company has a fifty day moving average price of $56.69 and a 200 day moving average price of $51.16. The stock has a market cap of $2.03 billion, a P/E ratio of 7.13 and a beta of 1.38.

Navios Maritime Partners (NYSE:NMM) last posted its quarterly earnings data on Thursday, February 19th. The shipping company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.99. Navios Maritime Partners had a net margin of 21.23% and a return on equity of 9.28%. The company had revenue of $365.55 million for the quarter, compared to the consensus estimate of $316.00 million. During the same quarter in the previous year, the firm posted $2.61 EPS. The business’s revenue was up 10.0% compared to the same quarter last year. Analysts anticipate that Navios Maritime Partners will post 12.64 earnings per share for the current year.

Institutional Trading of Navios Maritime Partners

A number of large investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its holdings in shares of Navios Maritime Partners by 50.9% during the fourth quarter. Royal Bank of Canada now owns 599 shares of the shipping company’s stock valued at $32,000 after acquiring an additional 202 shares during the period. Allworth Financial LP acquired a new stake in shares of Navios Maritime Partners during the 2nd quarter worth about $47,000. TD Waterhouse Canada Inc. bought a new position in Navios Maritime Partners during the 2nd quarter valued at about $62,000. State of Wyoming bought a new position in Navios Maritime Partners during the 4th quarter valued at about $137,000. Finally, Corient Private Wealth LLC acquired a new position in Navios Maritime Partners in the fourth quarter valued at about $207,000. 62.74% of the stock is currently owned by institutional investors.

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.