Navios Maritime Partners (NYSE:NMM) Sets New 1-Year High at $45.88

Navios Maritime Partners L.P. (NYSE:NMM) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $45.88 and last traded at $45.78, with a volume of 133687 shares traded. The stock had previously closed at $43.91.

Navios Maritime Partners Stock Up 4.2 %

The firm has a market cap of $1.38 billion, a P/E ratio of 3.25 and a beta of 1.96. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.57. The firm has a fifty day moving average of $41.56 and a 200-day moving average of $31.96.

Navios Maritime Partners (NYSE:NMM) last released its earnings results on Tuesday, February 13th. The shipping company reported $4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $1.74. Navios Maritime Partners had a return on equity of 14.74% and a net margin of 33.18%. The business had revenue of $327.50 million for the quarter, compared to analyst estimates of $322.00 million. During the same quarter in the prior year, the company posted $3.66 earnings per share. Navios Maritime Partners’s revenue was down 11.7% on a year-over-year basis. On average, equities research analysts anticipate that Navios Maritime Partners L.P. will post 14.53 earnings per share for the current year.

Navios Maritime Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Friday, May 10th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Thursday, May 9th. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 1.42%.

Hedge Funds Weigh In On Navios Maritime Partners

A number of institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its position in Navios Maritime Partners by 30,700.0% during the first quarter. BNP Paribas Financial Markets now owns 1,232 shares of the shipping company’s stock worth $53,000 after buying an additional 1,228 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Navios Maritime Partners by 11.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 129,538 shares of the shipping company’s stock worth $5,521,000 after acquiring an additional 13,037 shares during the period. Westhampton Capital LLC acquired a new stake in Navios Maritime Partners during the 1st quarter worth about $241,000. Jump Financial LLC grew its stake in shares of Navios Maritime Partners by 135.5% in the 4th quarter. Jump Financial LLC now owns 21,900 shares of the shipping company’s stock valued at $612,000 after buying an additional 12,600 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of Navios Maritime Partners in the 4th quarter valued at about $782,000. Institutional investors and hedge funds own 62.74% of the company’s stock.

About Navios Maritime Partners

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.