Navios Maritime Partners (NYSE:NMM) Sets New 52-Week Low – Time to Sell?

Navios Maritime Partners L.P. (NYSE:NMM)’s share price 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 Ratings Changes

Separately, StockNews.com raised Navios Maritime Partners from a “hold” rating to a “buy” rating in a research note on Thursday, March 13th.

Navios Maritime Partners Stock Down 10.2 %

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average price of $41.15 and a 200-day moving average price of $47.82. The firm has a market cap of $935.36 million, a price-to-earnings ratio of 2.63 and a beta of 1.65.

Navios Maritime Partners (NYSE:NMM) last posted its earnings results on Thursday, February 13th. The shipping company reported $2.61 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $340.83 million. On average, equities analysts forecast that Navios Maritime Partners L.P. will post 12.64 EPS for the current year.

Navios Maritime Partners Announces Dividend

The company also recently announced 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 was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.63%. Navios Maritime Partners’s dividend payout ratio (DPR) is 1.67%.

Institutional Trading of Navios Maritime Partners

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings 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 purchasing an additional 384 shares during the last quarter. Natixis grew its holdings in Navios Maritime Partners by 0.3% in the 4th quarter. Natixis now owns 124,727 shares of the shipping company’s stock valued at $5,399,000 after buying an additional 397 shares during the period. First Trust Advisors LP increased its stake in shares of Navios Maritime Partners by 23.7% during the 4th quarter. First Trust Advisors LP now owns 5,325 shares of the shipping company’s stock valued at $231,000 after acquiring an additional 1,020 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in shares of Navios Maritime Partners by 2.6% during the 4th quarter. Moors & Cabot Inc. now owns 76,031 shares of the shipping company’s stock worth $3,291,000 after acquiring an additional 1,901 shares during the period. Finally, Mraz Amerine & Associates Inc. boosted its position in shares of Navios Maritime Partners by 9.4% in the fourth 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 during the last quarter. Institutional investors and hedge funds own 62.74% of the company’s stock.

About Navios Maritime Partners

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.