Navios Maritime Partners (NYSE:NMM) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Navios Maritime Partners LP (NYSE:NMM) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $54.98 and traded as high as $65.49. Navios Maritime Partners shares last traded at $64.31, with a volume of 240,478 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. Weiss Ratings raised shares of Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Navios Maritime Partners Trading Down 1.5%

The stock has a market cap of $1.84 billion, a P/E ratio of 6.69 and a beta of 1.31. The stock’s 50-day moving average is $63.81 and its two-hundred day moving average is $54.98. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.12 and a quick ratio of 1.13.

Navios Maritime Partners (NYSE:NMM) last announced its quarterly earnings results on Thursday, February 19th. The shipping company reported $3.40 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 9.17%. The business had revenue of $365.55 million for the quarter, compared to analysts’ expectations of $316.00 million. During the same quarter in the previous year, the company earned $2.61 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. Equities research analysts anticipate 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, February 12th. Investors of record on Monday, February 9th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, February 9th. Navios Maritime Partners’s payout ratio is currently 2.08%.

Insider Buying and Selling at Navios Maritime Partners

In other Navios Maritime Partners news, insider Angeliki Frangou bought 1,289 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were purchased at an average cost of $64.87 per share, for a total transaction of $83,617.43. Following the transaction, the insider owned 4,678,741 shares of the company’s stock, valued at $303,509,928.67. This represents a 0.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have bought 3,771 shares of company stock valued at $249,550.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ion Asset Management Ltd. raised its position in 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 purchasing an additional 17,285 shares during the period. ION Fund Management Ltd purchased a new position in shares of Navios Maritime Partners in the 4th quarter worth approximately $24,432,000. Commonwealth Equity Services LLC increased its position in shares of Navios Maritime Partners by 1.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 158,749 shares of the shipping company’s stock valued at $7,152,000 after purchasing an additional 2,045 shares during the last quarter. ING Groep NV raised its holdings in Navios Maritime Partners by 51.7% during the 4th quarter. ING Groep NV now owns 146,500 shares of the shipping company’s stock valued at $7,681,000 after buying an additional 49,900 shares during the period. Finally, Bank of America Corp DE raised its holdings in Navios Maritime Partners by 28.8% during the 3rd quarter. Bank of America Corp DE now owns 117,950 shares of the shipping company’s stock valued at $5,314,000 after buying an additional 26,340 shares during the period. Hedge funds and other institutional investors own 62.74% of the company’s stock.

Navios Maritime Partners Company Profile

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.