Navios Maritime Partners (NYSE:NMM) Sets New 52-Week Low - Should You Sell?

Shares of Navios Maritime Partners L.P. (NYSE:NMM - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $29.02 and last traded at $29.56, with a volume of 275746 shares. The stock had previously closed at $31.35.

Analysts Set New Price Targets

Separately, StockNews.com raised Navios Maritime Partners from a "hold" rating to a "buy" rating in a report on Thursday, March 13th.

Navios Maritime Partners Trading Up 2.6 %

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.59. The business's fifty day moving average is $39.60 and its 200 day moving average is $46.35. The stock has a market cap of $966.24 million, a PE ratio of 2.71 and a beta of 1.65.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The shipping company reported $2.61 EPS for the quarter, missing the consensus estimate of $4.54 by ($1.93). Navios Maritime Partners had a return on equity of 11.64% and a net margin of 27.53%. The firm had revenue of $302.99 million for the quarter, compared to analysts' expectations of $340.83 million. As a group, analysts predict that Navios Maritime Partners L.P. will post 12.64 earnings per share for the current year.

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Navios Maritime Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.61%. The ex-dividend date was Monday, February 10th. Navios Maritime Partners's dividend payout ratio (DPR) is 1.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in Navios Maritime Partners by 21.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,149 shares of the shipping company's stock valued at $135,000 after acquiring an additional 384 shares in the last quarter. Natixis grew its position in shares of Navios Maritime Partners by 0.3% in the fourth quarter. Natixis now owns 124,727 shares of the shipping company's stock valued at $5,399,000 after purchasing an additional 397 shares during the last quarter. First Trust Advisors LP grew its position in shares of Navios Maritime Partners by 23.7% in the fourth quarter. First Trust Advisors LP now owns 5,325 shares of the shipping company's stock valued at $231,000 after purchasing an additional 1,020 shares during the last quarter. Moors & Cabot Inc. increased its stake in shares of Navios Maritime Partners by 2.6% during the 4th quarter. Moors & Cabot Inc. now owns 76,031 shares of the shipping company's stock worth $3,291,000 after purchasing an additional 1,901 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. raised its position in shares of Navios Maritime Partners by 9.4% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 32,694 shares of the shipping company's stock worth $1,415,000 after purchasing an additional 2,798 shares during the last quarter. Institutional investors and hedge funds own 62.74% of the company's stock.

About Navios Maritime Partners

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