Navios Maritime Partners (NYSE:NMM) Rating Lowered to “Hold” at StockNews.com

Navios Maritime Partners (NYSE:NMM) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

Navios Maritime Partners Stock Up 3.0 %

Navios Maritime Partners stock opened at $43.62 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.13 and a current ratio of 1.13. Navios Maritime Partners has a one year low of $27.52 and a one year high of $65.89. The company has a 50-day simple moving average of $44.46 and a 200-day simple moving average of $50.36. The firm has a market capitalization of $1.31 billion, a P/E ratio of 3.31 and a beta of 1.93.

Navios Maritime Partners (NYSE:NMM) last posted its earnings results on Tuesday, November 5th. The shipping company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.80 by ($0.65). The firm had revenue of $340.84 million during the quarter, compared to the consensus estimate of $326.32 million. Navios Maritime Partners had a return on equity of 13.66% and a net margin of 30.48%. Navios Maritime Partners’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $2.68 EPS. As a group, equities analysts expect that Navios Maritime Partners will post 11.6 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Merrion Investment Management Co LLC bought a new stake in shares of Navios Maritime Partners during the third quarter valued at about $401,000. Consolidated Portfolio Review Corp acquired a new position in Navios Maritime Partners during the 3rd quarter valued at about $935,000. Main Street Financial Solutions LLC raised its position in shares of Navios Maritime Partners by 1.6% during the 3rd quarter. Main Street Financial Solutions LLC now owns 762,929 shares of the shipping company’s stock worth $47,782,000 after buying an additional 12,094 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of Navios Maritime Partners by 4.0% during the 3rd quarter. Moors & Cabot Inc. now owns 74,130 shares of the shipping company’s stock worth $4,643,000 after buying an additional 2,850 shares in the last quarter. Finally, Integrated Investment Consultants LLC acquired a new stake in shares of Navios Maritime Partners in the 3rd quarter worth approximately $4,208,000. 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.