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

Navios Maritime Partners (NYSE:NMM) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Navios Maritime Partners Trading Up 0.5 %

NMM stock opened at $45.03 on Friday. The business has a fifty day moving average of $43.62 and a 200-day moving average of $50.04. The company has a market cap of $1.35 billion, a P/E ratio of 3.76 and a beta of 1.93. Navios Maritime Partners has a twelve month low of $31.60 and a twelve month high of $65.89. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.59.

Navios Maritime Partners (NYSE:NMM) last announced its quarterly earnings data on Thursday, February 13th. The shipping company reported $2.61 earnings per share for the quarter, missing the consensus estimate of $4.54 by ($1.93). The firm had revenue of $302.99 million for the quarter, compared to the consensus estimate of $340.83 million. Navios Maritime Partners had a return on equity of 11.64% and a net margin of 27.53%. As a group, equities research analysts expect that Navios Maritime Partners will post 12.64 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its stake in shares of Navios Maritime Partners by 21.8% during the third quarter. BNP Paribas Financial Markets now owns 2,149 shares of the shipping company’s stock worth $135,000 after purchasing an additional 384 shares during the period. LPL Financial LLC bought a new stake in Navios Maritime Partners in the fourth quarter valued at approximately $204,000. Raymond James Financial Inc. acquired a new stake in Navios Maritime Partners in the fourth quarter worth $219,000. First Trust Advisors LP boosted its position in shares of Navios Maritime Partners by 23.7% during the fourth quarter. First Trust Advisors LP now owns 5,325 shares of the shipping company’s stock worth $231,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Navios Maritime Partners in the 3rd quarter valued at $511,000. Institutional investors and hedge funds own 62.74% of the company’s stock.

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.