Navios Maritime Partners (NYSE:NMM) Shares Down 3.8% – Time to Sell?

Navios Maritime Partners L.P. (NYSE:NMM) was down 3.8% on Monday . The stock traded as low as $49.21 and last traded at $49.82. Approximately 71,487 shares traded hands during trading, a decline of 61% from the average daily volume of 182,736 shares. The stock had previously closed at $51.80.

Analyst Ratings Changes

A number of research firms have issued reports on NMM. Jefferies Financial Group increased their price objective on Navios Maritime Partners from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. StockNews.com raised shares of Navios Maritime Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st.

Navios Maritime Partners Stock Down 4.8 %

The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market cap of $1.48 billion, a PE ratio of 3.74 and a beta of 1.99. The company has a 50 day moving average price of $57.19 and a two-hundred day moving average price of $52.21.

Navios Maritime Partners (NYSE:NMM) last issued its quarterly earnings data on Tuesday, November 5th. The shipping company reported $3.15 earnings per share for the quarter, missing analysts’ consensus estimates of $3.80 by ($0.65). The company had revenue of $340.84 million for the quarter, compared to the consensus estimate of $326.32 million. Navios Maritime Partners had a net margin of 30.48% and a return on equity of 13.86%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $2.68 EPS. Analysts expect that Navios Maritime Partners L.P. will post 12.37 EPS for the current year.

Navios Maritime Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.41%. Navios Maritime Partners’s dividend payout ratio is currently 1.52%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets raised its stake in Navios Maritime Partners by 30,700.0% during the 1st 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 period. Merrion Investment Management Co LLC bought a new stake in Navios Maritime Partners during the third quarter valued at about $401,000. Tactive Advisors LLC purchased a new position in shares of Navios Maritime Partners in the first quarter valued at about $442,000. Virtu Financial LLC purchased a new position in shares of Navios Maritime Partners in the first quarter worth $452,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Navios Maritime Partners in the first quarter worth about $555,000. Hedge funds and other institutional investors 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.