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

Navios Maritime Partners L.P. (NYSE:NMM) saw unusually-high trading volume on Wednesday . Approximately 111,558 shares were traded during trading, a decline of 36% from the previous session’s volume of 174,416 shares.The stock last traded at $55.14 and had previously closed at $55.78.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Navios Maritime Partners from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st.

Navios Maritime Partners Stock Performance

The firm has a fifty day moving average of $49.78 and a 200-day moving average of $47.19. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.55. The firm has a market cap of $1.67 billion, a P/E ratio of 4.21 and a beta of 1.97.

Navios Maritime Partners (NYSE:NMM) last announced its quarterly earnings results on Tuesday, August 20th. The shipping company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.22. The company had revenue of $342.20 million during the quarter, compared to analysts’ expectations of $312.39 million. Navios Maritime Partners had a return on equity of 13.86% and a net margin of 30.28%. Navios Maritime Partners’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.32 EPS. Research analysts predict that Navios Maritime Partners L.P. will post 14.8 earnings per share for the current fiscal year.

Navios Maritime Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Friday, August 9th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Friday, August 9th. Navios Maritime Partners’s dividend payout ratio is 1.51%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets grew its position in Navios Maritime Partners by 30,700.0% in the first 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 in the last quarter. Westhampton Capital LLC acquired a new stake in shares of Navios Maritime Partners in the first quarter valued at about $241,000. Aristides Capital LLC acquired a new position in Navios Maritime Partners during the first quarter valued at approximately $361,000. Tactive Advisors LLC bought a new position in Navios Maritime Partners in the first quarter valued at approximately $442,000. Finally, Virtu Financial LLC acquired a new position in shares of Navios Maritime Partners during the 1st quarter worth approximately $452,000. 62.74% of the stock is owned by institutional investors and hedge funds.

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.