Navios Maritime Partners (NYSE:NMM) Sees Strong Trading Volume

Navios Maritime Partners L.P. (NYSE:NMM) shares saw an uptick in trading volume on Wednesday . 195,853 shares traded hands during trading, an increase of 23% from the previous session’s volume of 158,882 shares.The stock last traded at $51.80 and had previously closed at $49.02.

Navios Maritime Partners Stock Performance

The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 3.89 and a beta of 1.95. The company’s 50-day simple moving average is $44.95 and its 200-day simple moving average is $35.75. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.55.

Navios Maritime Partners (NYSE:NMM) last released its quarterly earnings results on Tuesday, May 14th. The shipping company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.27. Navios Maritime Partners had a net margin of 30.99% and a return on equity of 14.41%. The business had revenue of $318.60 million for the quarter, compared to analysts’ expectations of $283.59 million. During the same period in the previous year, the company earned $2.13 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts expect that Navios Maritime Partners L.P. will post 15.2 EPS for the current year.

Navios Maritime Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Friday, May 10th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Thursday, May 9th. Navios Maritime Partners’s payout ratio is currently 1.51%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NMM. Tactive Advisors LLC purchased a new position in Navios Maritime Partners during the 1st quarter valued at $442,000. Virtu Financial LLC purchased a new position in shares of Navios Maritime Partners during the 1st quarter worth approximately $452,000. Aristides Capital LLC bought a new position in shares of Navios Maritime Partners in the 1st quarter worth approximately $361,000. Acadian Asset Management LLC bought a new position in shares of Navios Maritime Partners in the 1st quarter worth approximately $555,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Navios Maritime Partners by 30,700.0% in the 1st quarter. BNP Paribas Financial Markets now owns 1,232 shares of the shipping company’s stock valued at $53,000 after purchasing an additional 1,228 shares during the period. 62.74% of the stock is currently owned by institutional investors.

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.