Navios Maritime Partners’ (NYSE:NMM) “Hold” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reissued their hold rating on shares of Navios Maritime Partners LP (NYSE:NMM) in a report released on Friday, September 1st. Stifel Nicolaus currently has a $2.25 target price on the shipping company’s stock.

Several other research analysts also recently weighed in on NMM. BidaskClub upgraded shares of Navios Maritime Partners from a sell rating to a hold rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Navios Maritime Partners from a sell rating to a hold rating in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC initiated coverage on shares of Navios Maritime Partners in a research note on Monday, June 5th. They issued a buy rating and a $2.00 price target for the company. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Navios Maritime Partners currently has an average rating of Hold and a consensus price target of $2.19.

Shares of Navios Maritime Partners (NYSE:NMM) traded up 0.46% on Friday, hitting $2.19. The company had a trading volume of 330,748 shares. Navios Maritime Partners has a 52 week low of $1.15 and a 52 week high of $2.94. The stock’s market capitalization is $329.47 million. The firm’s 50 day moving average price is $2.00 and its 200-day moving average price is $1.87.

Navios Maritime Partners (NYSE:NMM) last posted its earnings results on Thursday, July 27th. The shipping company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. Navios Maritime Partners had a negative net margin of 19.50% and a positive return on equity of 2.60%. The business had revenue of $50.02 million for the quarter, compared to analyst estimates of $44.37 million. During the same period in the prior year, the company posted $0.05 EPS. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. Analysts forecast that Navios Maritime Partners will post $0.06 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC purchased a new position in shares of Navios Maritime Partners during the 4th quarter worth approximately $109,000. Nine Chapters Capital Management LLC purchased a new position in Navios Maritime Partners in the 1st quarter valued at approximately $125,000. Virtu KCG Holdings LLC boosted its position in Navios Maritime Partners by 1.5% in the 2nd quarter. Virtu KCG Holdings LLC now owns 92,494 shares of the shipping company’s stock valued at $147,000 after buying an additional 1,324 shares during the period. UBS Group AG boosted its position in Navios Maritime Partners by 39.3% in the 1st quarter. UBS Group AG now owns 84,975 shares of the shipping company’s stock valued at $176,000 after buying an additional 23,989 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Navios Maritime Partners in the 2nd quarter valued at approximately $188,000. 17.08% of the stock is owned by hedge funds and other institutional investors.

About Navios Maritime Partners

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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