Navios Maritime Partners (NYSE:NMM) Reaches New 1-Year Low – Time to Sell?

Navios Maritime Partners L.P. (NYSE:NMM) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $37.12 and last traded at $37.49, with a volume of 26209 shares changing hands. The stock had previously closed at $39.84.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Navios Maritime Partners from a “hold” rating to a “buy” rating in a research report on Thursday, March 13th.

Navios Maritime Partners Price Performance

The business has a 50-day simple moving average of $41.50 and a 200 day simple moving average of $48.09. The stock has a market cap of $1.10 billion, a P/E ratio of 3.08 and a beta of 1.87. 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 (NYSE:NMM) last announced its quarterly earnings data on Thursday, February 13th. The shipping company reported $2.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.54 by ($1.93). Navios Maritime Partners had a net margin of 27.53% and a return on equity of 11.64%. The business had revenue of $302.99 million during the quarter, compared to analyst estimates of $340.83 million. On average, analysts forecast that Navios Maritime Partners L.P. will post 12.64 earnings per share for the current year.

Navios Maritime Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 1.67%.

Institutional Trading of Navios Maritime Partners

Several hedge funds have recently bought and sold shares of NMM. BNP Paribas Financial Markets increased its position in shares of Navios Maritime Partners by 21.8% during the third quarter. BNP Paribas Financial Markets now owns 2,149 shares of the shipping company’s stock worth $135,000 after acquiring an additional 384 shares in the last quarter. Walleye Capital LLC lifted its holdings in shares of Navios Maritime Partners by 4,002.4% in the third quarter. Walleye Capital LLC now owns 35,512 shares of the shipping company’s stock valued at $2,224,000 after purchasing an additional 36,422 shares in the last quarter. Virtu Financial LLC bought a new stake in Navios Maritime Partners during the third quarter worth $511,000. Merrion Investment Management Co LLC lifted its stake in Navios Maritime Partners by 56.9% during the 4th quarter. Merrion Investment Management Co LLC now owns 10,040 shares of the shipping company’s stock valued at $435,000 after acquiring an additional 3,640 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. grew its stake in shares of Navios Maritime Partners by 9.4% in the 4th quarter. Mraz Amerine & Associates Inc. now owns 32,694 shares of the shipping company’s stock worth $1,415,000 after acquiring an additional 2,798 shares in the last quarter. Institutional investors and hedge funds 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.