Clarkson Capital Reiterates Buy Rating for Navios Maritime Partners (NYSE:NMM)

Navios Maritime Partners (NYSE:NMMGet Rating)‘s stock had its “buy” rating reiterated by equities researchers at Clarkson Capital in a research report issued to clients and investors on Tuesday, PriceTargets.com reports.

Other analysts have also issued research reports about the stock. StockNews.com lowered shares of Navios Maritime Partners from a “buy” rating to a “hold” rating in a report on Thursday, June 9th. Jefferies Financial Group began coverage on shares of Navios Maritime Partners in a research note on Wednesday, April 27th. They issued a “buy” rating for the company.

Navios Maritime Partners stock opened at $25.31 on Tuesday. The firm’s 50 day simple moving average is $29.94 and its 200 day simple moving average is $29.39. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $764.36 million, a PE ratio of 1.49 and a beta of 2.14. Navios Maritime Partners has a 1-year low of $20.52 and a 1-year high of $37.16.

Navios Maritime Partners (NYSE:NMMGet Rating) last posted its earnings results on Tuesday, May 10th. The shipping company reported $2.78 earnings per share for the quarter, missing analysts’ consensus estimates of $3.06 by ($0.28). The firm had revenue of $236.62 million for the quarter, compared to the consensus estimate of $225.48 million. Navios Maritime Partners had a return on equity of 26.77% and a net margin of 52.58%. Research analysts forecast that Navios Maritime Partners will post 16.67 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in NMM. Wells Fargo & Company MN grew its stake in Navios Maritime Partners by 6,215.3% in the 2nd quarter. Wells Fargo & Company MN now owns 21,409 shares of the shipping company’s stock worth $632,000 after buying an additional 21,070 shares in the last quarter. Morgan Stanley grew its stake in Navios Maritime Partners by 406.7% in the 2nd quarter. Morgan Stanley now owns 762,456 shares of the shipping company’s stock worth $22,538,000 after buying an additional 611,991 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Navios Maritime Partners in the 3rd quarter valued at $314,000. Royal Bank of Canada boosted its stake in shares of Navios Maritime Partners by 10,666.7% in the 3rd quarter. Royal Bank of Canada now owns 6,137 shares of the shipping company’s stock valued at $199,000 after purchasing an additional 6,080 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Navios Maritime Partners by 9.1% in the 3rd quarter. Marshall Wace LLP now owns 162,664 shares of the shipping company’s stock valued at $5,262,000 after purchasing an additional 13,553 shares in the last quarter. 16.95% of the stock is owned by institutional investors and hedge funds.

Navios Maritime Partners Company Profile (Get Rating)

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 provides its vessels under short, medium, and longer-term charters.

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