According to Zacks, “Navios Maritime Partners L.P. is an international owner and operator of dry cargo vessels. It engages in the seaborne transportation services of drybulk commodities including iron ore, coal, grains, fertilizers and chartering of its vessels under medium to long-term charters. Navios Maritime Partners L.P. is headquartered in Piraeus, Greece. “
A number of other equities research analysts have also recently weighed in on NMM. Fearnley Fonds cut shares of Navios Maritime Partners from a buy rating to a hold rating and set a price target for the company. in a research report on Monday, January 27th. TheStreet cut shares of Navios Maritime Partners from a c rating to a d+ rating in a research report on Monday, February 10th. Finally, ValuEngine upgraded shares of Navios Maritime Partners from a strong sell rating to a sell rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company has a consensus rating of Hold and a consensus target price of $19.83.
Navios Maritime Partners (NYSE:NMM) last released its quarterly earnings data on Monday, February 10th. The shipping company reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.11. Navios Maritime Partners had a negative net margin of 28.32% and a positive return on equity of 3.54%. The firm had revenue of $61.27 million during the quarter, compared to analysts’ expectations of $60.77 million. As a group, analysts forecast that Navios Maritime Partners will post 4.22 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Tuesday, February 11th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.92%. The ex-dividend date was Monday, February 10th. Navios Maritime Partners’s dividend payout ratio is presently 49.38%.
Several institutional investors and hedge funds have recently made changes to their positions in NMM. Russell Investments Group Ltd. grew its holdings in shares of Navios Maritime Partners by 980.5% in the fourth quarter. Russell Investments Group Ltd. now owns 75,854 shares of the shipping company’s stock valued at $1,412,000 after purchasing an additional 68,834 shares in the last quarter. Arlington Capital Management Inc. acquired a new position in shares of Navios Maritime Partners in the fourth quarter valued at approximately $759,000. BlackRock Inc. acquired a new position in shares of Navios Maritime Partners in the second quarter valued at approximately $276,000. Advisor Group Inc. grew its holdings in shares of Navios Maritime Partners by 898.9% in the fourth quarter. Advisor Group Inc. now owns 16,182 shares of the shipping company’s stock valued at $302,000 after purchasing an additional 14,562 shares in the last quarter. Finally, UBS Group AG grew its holdings in shares of Navios Maritime Partners by 12.1% in the fourth quarter. UBS Group AG now owns 106,240 shares of the shipping company’s stock valued at $1,978,000 after purchasing an additional 11,428 shares in the last quarter. Institutional investors and hedge funds own 17.44% 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 dry cargo commodities, including iron ore, coal, grain, and fertilizers, as well as charters its vessels under medium to long-term charters.
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