Navios Maritime Partners (NYSE:NMM) Sets New 1-Year High at $45.88

Shares of Navios Maritime Partners L.P. (NYSE:NMM) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $45.88 and last traded at $45.78, with a volume of 133687 shares. The stock had previously closed at $43.91.

Navios Maritime Partners Stock Up 4.2 %

The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $1.38 billion, a P/E ratio of 3.25 and a beta of 1.96. The stock has a fifty day moving average price of $41.56 and a two-hundred day moving average price of $31.96.

Navios Maritime Partners (NYSE:NMM) last released its quarterly earnings data on Tuesday, February 13th. The shipping company reported $4.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $1.74. Navios Maritime Partners had a return on equity of 14.74% and a net margin of 33.18%. The business had revenue of $327.50 million during the quarter, compared to analyst estimates of $322.00 million. During the same quarter in the previous year, the firm posted $3.66 EPS. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. Research analysts forecast that Navios Maritime Partners L.P. will post 14.53 EPS for the current year.

Navios Maritime Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Friday, May 10th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.44%. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 1.42%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NMM. BNP Paribas Financial Markets raised 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 worth $53,000 after buying an additional 1,228 shares in the last quarter. Westhampton Capital LLC acquired a new stake in shares of Navios Maritime Partners during the first quarter worth $241,000. Jump Financial LLC acquired a new stake in shares of Navios Maritime Partners during the third quarter worth $215,000. Moors & Cabot Inc. raised its position in shares of Navios Maritime Partners by 5.4% during the third quarter. Moors & Cabot Inc. now owns 19,400 shares of the shipping company’s stock worth $449,000 after purchasing an additional 1,000 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of Navios Maritime Partners during the fourth quarter worth $782,000. 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.