In yesterday’s Wall Street session, Navios Maritime Partners L.P. (NYSE:NMM) shares traded at $26.10, up 1.91% from the previous session.
NMM stock price is now 2.69% away from the 50-day moving average and -1.90% away from the 200-day moving average. The market capitalization of the company currently stands at $780.91M.
With the price target of $40, Jefferies recently initiated with Buy rating for Navios Maritime Partners L.P. (NYSE: NMM)., while the Jefferies previously rated the stock as ‘Buy’ on January 08, 2021.
A total of 8.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NMM stock. A new stake in Navios Maritime Partners L.P. shares was purchased by BRIGHTLIGHT CAPITAL MANAGEMENT LP during the first quarter worth $8,235,000. MRAZ, AMERINE & ASSOCIATES, INC. invested $726,000 in shares of NMM during the first quarter. In the first quarter, WOLVERINE TRADING, LLC acquired a new stake in Navios Maritime Partners L.P. valued at approximately $610,000. VIRTU FINANCIAL LLC acquired a new stake in NMM for approximately $385,000. AMERIPRISE FINANCIAL INC purchased a new stake in NMM valued at around $217,000 in the second quarter. In total, there are 70 active investors with 12.60% ownership of the company’s stock.
On Tuesday morning Navios Maritime Partners L.P. (NYSE: NMM) stock kicked off with the opening price of $25.57. During the past 12 months, Navios Maritime Partners L.P. has had a low of $19.71 and a high of $37.16. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for NMM is $25.42 and a two-hundred day moving average price translates $26.61 for the stock.
The latest earnings results from Navios Maritime Partners L.P. (NYSE: NMM) was released for Jun, 2022. According to the Marine Shipping Company, earnings per share came in at $3.83, missing analysts’ expectations of $3.87 by -0.04. This compares to $5.92 EPS in the same period last year. The net profit margin was 52.00% and return on equity was 29.80% for NMM. The company reported revenue of $322.39 million for the quarter, compared to $227.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 41.42 percent. For the current quarter, analysts expect NMM to generate $267.1M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/10/2022. Investors who held shares on 11/08/2022 were paid a $0.05 dividend. On an annualized basis, this represents a $0.20 dividend and a 0.77% percent yield. There was an ex-dividend date of 11/07/2022 for this dividend. In terms of dividend payout ratio, NMM is presently at 1.10%.
Navios Maritime Partners L.P.(NMM) 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 provides its vessels under short, medium, and longer-term charters. It operates a fleet of 26 Panamax vessels, 24 Capesize vessels, four Ultra-Handymax vessels, 47 containerships, and 45 tankers. Olympos Maritime Ltd. serves as the general partner of Navios Maritime Partners L.P. The company was founded in 2007 and is based in Monaco.