Navios Maritime Partners (NYSE:NMM) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Navios Maritime Partners (NYSE:NMM) from a buy rating to a hold rating in a report released on Friday.

Navios Maritime Partners Trading Down 2.9 %

Navios Maritime Partners stock opened at $43.73 on Friday. The business has a 50 day moving average price of $43.62 and a two-hundred day moving average price of $50.04. 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 stock has a market cap of $1.31 billion, a price-to-earnings ratio of 3.65 and a beta of 1.93. Navios Maritime Partners has a 12 month low of $32.42 and a 12 month high of $65.89.

Navios Maritime Partners (NYSE:NMM) last posted 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). The firm 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 27.53% and a return on equity of 11.64%. As a group, equities analysts forecast that Navios Maritime Partners will post 12.64 EPS for the current year.

Navios Maritime Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 annualized dividend and a yield of 0.46%. Navios Maritime Partners’s dividend payout ratio (DPR) is 1.67%.

Hedge Funds Weigh In On Navios Maritime Partners

Several large investors have recently added to or reduced their stakes in the company. Ion Asset Management Ltd. raised its holdings in shares of Navios Maritime Partners by 81.9% in the 4th quarter. Ion Asset Management Ltd. now owns 805,678 shares of the shipping company’s stock worth $34,878,000 after buying an additional 362,678 shares in the last quarter. Integrated Investment Consultants LLC acquired a new position in shares of Navios Maritime Partners in the 3rd quarter worth approximately $4,208,000. ING Groep NV raised its holdings in shares of Navios Maritime Partners by 446.2% in the 4th quarter. ING Groep NV now owns 71,000 shares of the shipping company’s stock worth $3,074,000 after buying an additional 58,000 shares in the last quarter. Commonwealth Equity Services LLC grew its position in Navios Maritime Partners by 38.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 160,834 shares of the shipping company’s stock worth $6,963,000 after acquiring an additional 44,576 shares during the last quarter. Finally, Walleye Capital LLC grew its position in Navios Maritime Partners by 4,002.4% during the 3rd quarter. Walleye Capital LLC now owns 35,512 shares of the shipping company’s stock worth $2,224,000 after acquiring an additional 36,422 shares during 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.