Navios Maritime Partners (NYSE:NMM) Shares Cross Above 200 Day Moving Average of $30.50

Navios Maritime Partners L.P. (NYSE:NMM) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $30.50 and traded as high as $42.38. Navios Maritime Partners shares last traded at $42.33, with a volume of 80,223 shares changing hands.

Navios Maritime Partners Stock Performance

The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 3.01 and a beta of 1.97. The stock has a 50-day simple moving average of $39.21 and a 200-day simple moving average of $30.50.

Navios Maritime Partners (NYSE:NMM) last issued its quarterly earnings results on Tuesday, February 13th. The shipping company reported $4.32 earnings per share 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 the consensus estimate of $322.00 million. During the same period in the previous year, the business earned $3.66 EPS. The business’s quarterly revenue was down 11.7% on a year-over-year basis. On average, analysts anticipate that Navios Maritime Partners L.P. will post 14.43 earnings per share for the current year.

Navios Maritime Partners Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Monday, February 12th were issued a $0.05 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.47%. Navios Maritime Partners’s dividend payout ratio (DPR) is 1.42%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NMM. International Assets Investment Management LLC bought a new position in Navios Maritime Partners during the 4th quarter worth $782,000. Jump Financial LLC grew its stake in Navios Maritime Partners by 135.5% during the 4th quarter. Jump Financial LLC now owns 21,900 shares of the shipping company’s stock worth $612,000 after buying an additional 12,600 shares during the last quarter. Westhampton Capital LLC bought a new position in Navios Maritime Partners during the 1st quarter worth $241,000. Finally, Moors & Cabot Inc. grew its stake in Navios Maritime Partners by 5.4% during the 3rd quarter. Moors & Cabot Inc. now owns 19,400 shares of the shipping company’s stock worth $449,000 after buying an additional 1,000 shares during the last quarter. 62.74% of the stock is currently owned by institutional investors.

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.