Navios Maritime Partners (NYSE:NMM) Stock Rating Upgraded by Wall Street Zen

Navios Maritime Partners (NYSE:NMM) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Navios Maritime Partners in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Navios Maritime Partners presently has a consensus rating of “Hold”.

Navios Maritime Partners Trading Up 2.8%

Shares of NMM opened at $68.48 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 7.13 and a beta of 1.38. The stock has a fifty day moving average price of $56.69 and a two-hundred day moving average price of $51.16. Navios Maritime Partners has a 52-week low of $28.37 and a 52-week high of $69.85.

Navios Maritime Partners (NYSE:NMM) last announced its earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.99. Navios Maritime Partners had a return on equity of 9.28% and a net margin of 21.23%.The company had revenue of $365.55 million during the quarter, compared to analyst estimates of $316.00 million. During the same period last year, the company posted $2.61 earnings per share. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. Analysts predict that Navios Maritime Partners will post 12.64 EPS for the current fiscal year.

Institutional Trading of Navios Maritime Partners

A number of institutional investors have recently bought and sold shares of the business. Aristides Capital LLC acquired a new position in shares of Navios Maritime Partners during the 2nd quarter worth about $228,000. ING Groep NV raised its position in shares of Navios Maritime Partners by 123.6% in the 3rd quarter. ING Groep NV now owns 96,600 shares of the shipping company’s stock valued at $4,352,000 after acquiring an additional 53,400 shares during the period. Allworth Financial LP bought a new position in Navios Maritime Partners during the 2nd quarter worth approximately $47,000. Moors & Cabot Inc. grew its holdings in Navios Maritime Partners by 10.4% during the second quarter. Moors & Cabot Inc. now owns 91,932 shares of the shipping company’s stock valued at $3,464,000 after purchasing an additional 8,651 shares during the period. Finally, Merrion Investment Management Co LLC increased its stake in Navios Maritime Partners by 8.3% in the second quarter. Merrion Investment Management Co LLC now owns 65,000 shares of the shipping company’s stock valued at $2,449,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 62.74% of the company’s stock.

Navios Maritime Partners Company Profile

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.