News stories about Navios Maritime Partners (NYSE:NMM) have trended somewhat positive on Wednesday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Navios Maritime Partners earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned news articles about the shipping company an impact score of 46.1694533985168 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several research firms have recently issued reports on NMM. Jefferies Group assumed coverage on shares of Navios Maritime Partners in a research report on Monday, December 18th. They issued a “buy” rating and a $2.00 price objective for the company. JPMorgan Chase & Co. cut shares of Navios Maritime Partners from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 17th. Finally, Zacks Investment Research raised shares of Navios Maritime Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $2.44.
Shares of NMM stock opened at $1.91 on Wednesday. The company has a market cap of $325.12, a P/E ratio of -15.92 and a beta of 1.50. The company has a current ratio of 0.55, a quick ratio of 1.39 and a debt-to-equity ratio of 0.61. Navios Maritime Partners has a fifty-two week low of $1.45 and a fifty-two week high of $2.62.
The company also recently announced a quarterly dividend, which will be paid on Monday, May 14th. Stockholders of record on Thursday, May 10th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, May 9th. This represents a $0.08 annualized dividend and a dividend yield of 4.19%.
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Navios Maritime Partners Company Profile
Navios Maritime Partners L.P. is an international owner and operator of dry cargo and container vessels. The Company is engaged in the seaborne transportation services of a range of dry cargo commodities, including iron ore, coal, grain and fertilizer, and also containers, chartering its vessels under medium to long-term charters.
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