Navios Maritime Partners (NYSE:NMM) Sets New 12-Month High – What’s Next?

Navios Maritime Partners LP (NYSE:NMM)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $60.07 and last traded at $59.65, with a volume of 113667 shares trading hands. The stock had previously closed at $58.90.

Analyst Ratings Changes

A number of equities analysts have weighed in on NMM shares. Wall Street Zen upgraded shares of Navios Maritime Partners from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Weiss Ratings restated a “hold (c)” rating on shares of Navios Maritime Partners in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Navios Maritime Partners Trading Up 1.3%

The stock has a market capitalization of $1.77 billion, a PE ratio of 6.83 and a beta of 1.34. The company’s 50 day moving average price is $53.86 and its two-hundred day moving average price is $48.75. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.03 and a quick ratio of 1.03.

Navios Maritime Partners (NYSE:NMM) last released its quarterly earnings data on Tuesday, November 18th. The shipping company reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.28. The company had revenue of $346.92 million during the quarter, compared to the consensus estimate of $334.64 million. Navios Maritime Partners had a net margin of 20.04% and a return on equity of 8.69%. Navios Maritime Partners’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.15 EPS. As a group, analysts expect that Navios Maritime Partners LP will post 12.64 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Merrion Investment Management Co LLC grew its holdings in shares of Navios Maritime Partners by 0.4% in the third quarter. Merrion Investment Management Co LLC now owns 65,250 shares of the shipping company’s stock valued at $2,940,000 after purchasing an additional 250 shares during the period. Live Oak Investment Partners raised its position in shares of Navios Maritime Partners by 1.3% during the 2nd quarter. Live Oak Investment Partners now owns 28,537 shares of the shipping company’s stock valued at $1,075,000 after buying an additional 375 shares during the period. Raymond James Financial Inc. lifted its holdings in Navios Maritime Partners by 5.6% in the third quarter. Raymond James Financial Inc. now owns 7,192 shares of the shipping company’s stock valued at $324,000 after acquiring an additional 380 shares during the last quarter. Moors & Cabot Inc. grew its position in Navios Maritime Partners by 0.8% in the third quarter. Moors & Cabot Inc. now owns 92,682 shares of the shipping company’s stock worth $4,175,000 after acquiring an additional 750 shares during the period. Finally, Allworth Financial LP acquired a new stake in Navios Maritime Partners during the second quarter worth $47,000. Hedge funds and other institutional investors own 62.74% of the company’s stock.

About Navios Maritime Partners

Navios Maritime Partners L.P. (NYSE: NMM) is a dry bulk shipping company that owns and operates a fleet of Capesize, Panamax and Supramax vessels. The partnership charters its vessels under medium- and long-term contracts to a diverse group of charterers, providing seaborne transportation for major bulk cargoes such as iron ore, coal, grain and fertilizers. Through this asset-light model, Navios Maritime Partners seeks to generate stable cash flows while retaining flexibility to capitalize on market opportunities.

Formed in November 2007 and sponsored by Navios Maritime Holdings Inc, the partnership leverages the operating platform and commercial management capabilities of the Navios group.