Navios Maritime Partners (NYSE:NMM) hits a new 12-month high of $56.66

Shares of Navios Maritime Partners LP (NYSE:NMM – Get Free Report ) hit a new 52-week high during trading on Monday . The company traded as high as $56.66 and last traded at $56.44 with a volume of 164607 shares. Shares previously closed at $56.12.

Analysts on Wall Street are forecasting an increase

Separately, StockNews.com upgraded Navios Maritime Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st.

Check out the latest stock analysis on Navios Maritime partners

Navios Maritime Partners price performance

The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.89, and a current ratio of 0.89. The stock has a market cap of $1.65 billion, a PE ratio of 4.14 and a beta of 1.97. The company’s fifty day simple moving average is $49.78 and two hundred day simple moving average is $47.19.

Navios Maritime Partners (NYSE:NMM – Get Free Report ) last issued its quarterly earnings data on Tuesday, August 20th. The shipping company reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.22. Navios Maritime Partners had a net margin of 30.28% and a return on equity of 13.86%. The business had revenue of $342.20 million during the quarter, compared to analysts’ expectations of $312.39 million. During the same period last year, the company posted EPS of $3.32. The company’s revenue fell 1.4% year-over-year. As a group, sell-side analysts forecast that Navios Maritime Partners LP will post 14.8 EPS for the current year.

Navios Maritime Partners announces dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Friday, August 9th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, August 9. This represents a dividend of $0.20 on an annualized basis and a dividend yield of 0.36%. Navios Maritime Partners’ dividend payout ratio (DPR) is 1.51%.

Institutional trade of Navios maritime partners

Large investors have recently made changes to their positions in the stock. Jump Financial LLC boosted its stake in Navios Maritime Partners by 135.5% in the 4th quarter. Jump Financial LLC now owns 21,900 shares of the shipping company’s stock worth $612,000 after buying an additional 12,600 shares of shares in the last quarter. Westhampton Capital LLC acquired a new position in Navios Maritime Partners in the 1st quarter worth about $241,000. Commonwealth Equity Services LLC boosted its position in shares of Navios Maritime Partners by 11.2% in the first quarter. Commonwealth Equity Services LLC now owns 129,538 shares of the transportation company’s stock worth $5,521,000 after purchasing an additional 13,037 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Navios Maritime Partners by 30,700.0% in the first quarter. BNP Paribas Financial Markets now owns 1,232 shares of the shipping company’s stock valued at $53,000 after purchasing an additional 1,228 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in shares of Navios Maritime Partners in the first quarter valued at approximately $555,000. Institutional investors and hedge funds own 62.74% of the company’s shares.

Navios Maritime Partners company profile

(Get a free report)

Navios Maritime Partners LP owns and operates dry cargo vessels in Asia, Europe, North America and Australia. The company provides shipping services for a wide range of liquid and dry cargoes, including crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer and containers, as well as short, medium and longer term vessel chartering. – term book.

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