Navios Maritime Partners (NYSE:NMM) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Navios Maritime Partners (NYSE:NMM - Free Report) from a hold rating to a buy rating in a report released on Thursday.

Navios Maritime Partners Price Performance

NMM traded up $0.11 on Thursday, hitting $44.03. 162,158 shares of the company's stock were exchanged, compared to its average volume of 138,029. The firm has a 50-day moving average price of $43.72 and a 200-day moving average price of $50.12. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 3.34 and a beta of 1.93. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.59. Navios Maritime Partners has a fifty-two week low of $30.66 and a fifty-two week high of $65.89.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The shipping company reported $2.61 EPS for the quarter, missing analysts' consensus estimates of $4.54 by ($1.93). The business had revenue of $302.99 million during the quarter, compared to analyst estimates of $340.83 million. Navios Maritime Partners had a net margin of 30.48% and a return on equity of 13.66%. As a group, equities analysts anticipate that Navios Maritime Partners will post 11.6 earnings per share for the current year.

Navios Maritime Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, February 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. Navios Maritime Partners's dividend payout ratio is presently 1.52%.

Institutional Investors Weigh In On Navios Maritime Partners

Hedge funds have recently modified their holdings of the company. Corsair Capital Management L.P. acquired a new position in Navios Maritime Partners in the 3rd quarter valued at about $1,000,000. Consolidated Portfolio Review Corp purchased a new position in Navios Maritime Partners in the third quarter worth approximately $935,000. Integrated Investment Consultants LLC acquired a new stake in Navios Maritime Partners during the third quarter worth $4,208,000. Moors & Cabot Inc. raised its position in Navios Maritime Partners by 4.0% in the third quarter. Moors & Cabot Inc. now owns 74,130 shares of the shipping company's stock valued at $4,643,000 after purchasing an additional 2,850 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Navios Maritime Partners by 21.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,149 shares of the shipping company's stock valued at $135,000 after purchasing an additional 384 shares during the last quarter. Hedge funds and other institutional investors own 62.74% of the company's stock.

Navios Maritime Partners Company Profile

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.