Shares of Navios Maritime Partners L.P. (NYSE:NMM) are scheduled to reverse split on Tuesday, May 21st. The 1-15 reverse split was announced on Thursday, April 25th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, May 20th.
NYSE NMM opened at $0.96 on Friday. The firm has a market cap of $160.03 million, a PE ratio of 4.38 and a beta of 1.81. Navios Maritime Partners has a one year low of $0.78 and a one year high of $2.11. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.62.
Navios Maritime Partners (NYSE:NMM) last released its earnings results on Thursday, January 31st. The shipping company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.02). The business had revenue of $57.54 million for the quarter, compared to the consensus estimate of $57.92 million. Navios Maritime Partners had a positive return on equity of 4.59% and a negative net margin of 5.65%.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Friday, May 10th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 8.30%. The ex-dividend date is Thursday, May 9th. Navios Maritime Partners’s dividend payout ratio is currently 36.36%.
NMM has been the topic of a number of research reports. ValuEngine upgraded Navios Maritime Partners from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Zacks Investment Research upgraded Navios Maritime Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th.
Institutional investors have recently made changes to their positions in the stock. Two Sigma Securities LLC raised its stake in Navios Maritime Partners by 235.2% in the 4th quarter. Two Sigma Securities LLC now owns 38,535 shares of the shipping company’s stock valued at $33,000 after acquiring an additional 27,039 shares during the period. Macquarie Group Ltd. raised its stake in Navios Maritime Partners by 97.6% in the 4th quarter. Macquarie Group Ltd. now owns 44,409 shares of the shipping company’s stock valued at $38,000 after acquiring an additional 21,937 shares during the period. Globeflex Capital L P bought a new stake in Navios Maritime Partners in the 4th quarter valued at about $750,000. Deutsche Bank AG raised its stake in Navios Maritime Partners by 983.2% in the 4th quarter. Deutsche Bank AG now owns 1,224,668 shares of the shipping company’s stock valued at $1,039,000 after acquiring an additional 1,111,609 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Navios Maritime Partners by 10.2% in the 3rd quarter. Renaissance Technologies LLC now owns 2,601,200 shares of the shipping company’s stock valued at $4,552,000 after acquiring an additional 241,302 shares during the period. Institutional investors and hedge funds own 12.76% of the company’s stock.
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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 dry cargo commodities, including iron ore, coal, grain, and fertilizers, as well as charters its vessels under medium to long-term charters.
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