Navios Maritime Partners (NYSE:NMM) Reaches New 1-Year High at $53.83

Navios Maritime Partners L.P. (NYSE:NMM) hit a new 52-week high on Wednesday . The stock traded as high as $53.83 and last traded at $53.67, with a volume of 84588 shares traded. The stock had previously closed at $52.59.

Navios Maritime Partners Price Performance

The company has a market capitalization of $1.58 billion, a P/E ratio of 3.97 and a beta of 1.95. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.55. The business has a 50 day simple moving average of $48.13 and a 200-day simple moving average of $39.30.

Navios Maritime Partners (NYSE:NMM) last posted its earnings results on Tuesday, May 14th. The shipping company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.27. The firm had revenue of $318.60 million during the quarter, compared to analyst estimates of $283.59 million. Navios Maritime Partners had a net margin of 30.99% and a return on equity of 14.41%. Navios Maritime Partners’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.13 EPS. Analysts predict that Navios Maritime Partners L.P. will post 15.2 EPS for the current fiscal year.

Navios Maritime Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Friday, May 10th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Thursday, May 9th. Navios Maritime Partners’s payout ratio is presently 1.51%.

Institutional Trading of Navios Maritime Partners

A number of institutional investors have recently bought and sold shares of NMM. Tactive Advisors LLC acquired a new stake in shares of Navios Maritime Partners in the 1st quarter valued at $442,000. Virtu Financial LLC acquired a new stake in Navios Maritime Partners in the 1st quarter worth approximately $452,000. Aristides Capital LLC bought a new position in shares of Navios Maritime Partners in the first quarter valued at approximately $361,000. Acadian Asset Management LLC bought a new position in shares of Navios Maritime Partners in the first quarter worth about $555,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Navios Maritime Partners by 30,700.0% in the first quarter. BNP Paribas Financial Markets now owns 1,232 shares of the shipping company’s stock worth $53,000 after acquiring an additional 1,228 shares during the last quarter. Institutional investors and hedge funds own 62.74% 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 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.