Navios Maritime Partners (NYSE:NMM) Trading Down 5.4% – Should You Sell?

Shares of Navios Maritime Partners L.P. (NYSE:NMM) were down 5.4% on Wednesday . The stock traded as low as $44.56 and last traded at $44.98. Approximately 166,728 shares were traded during trading, a decline of 8% from the average daily volume of 181,628 shares. The stock had previously closed at $47.55.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NMM shares. StockNews.com raised Navios Maritime Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. Jefferies Financial Group upped their price objective on Navios Maritime Partners from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th.

Navios Maritime Partners Stock Down 5.2 %

The firm has a market cap of $1.35 billion, a P/E ratio of 3.61 and a beta of 1.95. 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 firm has a fifty day moving average of $54.39 and a 200-day moving average of $52.26.

Navios Maritime Partners (NYSE:NMM) last released its earnings results on Tuesday, November 5th. The shipping company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.80 by ($0.65). Navios Maritime Partners had a return on equity of 13.66% and a net margin of 30.48%. The company had revenue of $340.84 million for the quarter, compared to the consensus estimate of $326.32 million. During the same quarter in the previous year, the company posted $2.68 EPS. The business’s revenue was up 5.5% on a year-over-year basis. On average, equities research analysts anticipate that Navios Maritime Partners L.P. will post 12.37 earnings per share for the current year.

Navios Maritime Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 12th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.20 annualized dividend and a yield of 0.44%. Navios Maritime Partners’s payout ratio is presently 1.52%.

Institutional Trading of Navios Maritime Partners

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its stake in Navios Maritime Partners by 21.8% in the third quarter. BNP Paribas Financial Markets now owns 2,149 shares of the shipping company’s stock valued at $135,000 after buying an additional 384 shares during the period. Merrion Investment Management Co LLC bought a new stake in Navios Maritime Partners in the third quarter valued at approximately $401,000. Virtu Financial LLC bought a new stake in Navios Maritime Partners in the third quarter valued at approximately $511,000. Consolidated Portfolio Review Corp bought a new stake in Navios Maritime Partners in the third quarter valued at approximately $935,000. Finally, Corsair Capital Management L.P. bought a new stake in Navios Maritime Partners in the third quarter valued at approximately $1,000,000. 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.