Shares of Navios Maritime Partners L.P. (NYSE:NMM) were down 5.5% during mid-day trading on Thursday . The stock traded as low as $2.41 and last traded at $2.41. Approximately 857,800 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 1,397,000 shares. The stock had previously closed at $2.55.

Several analysts recently issued reports on NMM shares. Zacks Investment Research upgraded Navios Maritime Partners from a “hold” rating to a “buy” rating and set a $2.25 price target for the company in a report on Friday, October 13th. Citigroup raised their target price on Navios Maritime Partners from $2.00 to $2.25 and gave the company a “neutral” rating in a research note on Thursday, November 16th. TheStreet upgraded Navios Maritime Partners from a “d+” rating to a “c-” rating in a research note on Wednesday, November 15th. Finally, Jefferies Group assumed coverage on Navios Maritime Partners in a research note on Monday, December 18th. They set a “buy” rating and a $2.00 target price for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $2.19.

The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $365.06, a P/E ratio of 14.53 and a beta of 1.84.

Institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. acquired a new stake in shares of Navios Maritime Partners during the third quarter valued at about $320,000. Sound Point Capital Management LP grew its stake in shares of Navios Maritime Partners by 7.7% during the second quarter. Sound Point Capital Management LP now owns 1,094,891 shares of the shipping company’s stock valued at $1,741,000 after acquiring an additional 78,743 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Navios Maritime Partners by 17.6% during the third quarter. JPMorgan Chase & Co. now owns 1,516,136 shares of the shipping company’s stock valued at $3,184,000 after acquiring an additional 226,982 shares in the last quarter. Virtu KCG Holdings LLC grew its stake in shares of Navios Maritime Partners by 1.5% during the second quarter. Virtu KCG Holdings LLC now owns 92,494 shares of the shipping company’s stock valued at $147,000 after acquiring an additional 1,324 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Navios Maritime Partners during the second quarter valued at about $188,000. Institutional investors own 15.31% of the company’s stock.

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Navios Maritime Partners Company Profile

Navios Maritime Partners L.P. is an international owner and operator of dry cargo and container vessels. The Company is engaged in the seaborne transportation services of a range of dry cargo commodities, including iron ore, coal, grain and fertilizer, and also containers, chartering its vessels under medium to long-term charters.

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