Navios Maritime Partners (NYSE:NMM) Stock Crosses Above Two Hundred Day Moving Average of $25.65

Navios Maritime Partners L.P. (NYSE:NMMGet Rating) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $25.65 and traded as high as $26.28. Navios Maritime Partners shares last traded at $25.98, with a volume of 96,260 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Navios Maritime Partners from a “hold” rating to a “buy” rating in a report on Monday, December 12th.

Navios Maritime Partners Price Performance

The company’s fifty day simple moving average is $25.36 and its 200-day simple moving average is $25.65. The stock has a market cap of $784.18 million, a P/E ratio of 1.38 and a beta of 2.01. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.70.

Navios Maritime Partners (NYSE:NMMGet Rating) last posted its quarterly earnings results on Thursday, November 10th. The shipping company reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.17. The firm had revenue of $322.39 million during the quarter, compared to analyst estimates of $295.70 million. Navios Maritime Partners had a net margin of 52.22% and a return on equity of 22.46%. During the same quarter in the prior year, the business posted $4.77 earnings per share. As a group, sell-side analysts forecast that Navios Maritime Partners L.P. will post 14.73 EPS for the current year.

Navios Maritime Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Tuesday, November 8th were given a dividend of $0.05 per share. The ex-dividend date was Monday, November 7th. This represents a $0.20 annualized dividend and a dividend yield of 0.77%. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 1.06%.

Institutional Investors Weigh In On Navios Maritime Partners

Several institutional investors and hedge funds have recently made changes to their positions in the company. Brightlight Capital Management LP bought a new position in shares of Navios Maritime Partners in the third quarter valued at approximately $7,737,000. Royal Bank of Canada raised its position in Navios Maritime Partners by 1,082.5% in the 1st quarter. Royal Bank of Canada now owns 45,525 shares of the shipping company’s stock valued at $1,602,000 after purchasing an additional 41,675 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Navios Maritime Partners by 51.1% in the first quarter. BNP Paribas Arbitrage SA now owns 87,551 shares of the shipping company’s stock worth $3,082,000 after purchasing an additional 29,616 shares in the last quarter. Mraz Amerine & Associates Inc. bought a new stake in shares of Navios Maritime Partners during the fourth quarter worth $722,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Navios Maritime Partners in the second quarter valued at $414,000. Institutional investors and hedge funds own 12.18% of the company’s stock.

About Navios Maritime Partners

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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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