Navios Maritime Partners (NYSE:NMM) issued its quarterly earnings data on Monday, February 5th. The shipping company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.04, Morningstar.com reports. Navios Maritime Partners had a negative net margin of 7.13% and a positive return on equity of 2.77%. The firm had revenue of $59.27 million during the quarter, compared to the consensus estimate of $57.86 million.
Shares of Navios Maritime Partners (NYSE NMM) traded up $0.07 during trading hours on Monday, reaching $2.11. 896,999 shares of the company were exchanged, compared to its average volume of 1,140,000. The company has a market capitalization of $318.22, a PE ratio of 211.00 and a beta of 1.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.55 and a quick ratio of 1.39. Navios Maritime Partners has a fifty-two week low of $1.45 and a fifty-two week high of $2.65.
A number of large investors have recently made changes to their positions in the stock. Virtu KCG Holdings LLC increased its stake in Navios Maritime Partners by 1.5% in the second quarter. Virtu KCG Holdings LLC now owns 92,494 shares of the shipping company’s stock valued at $147,000 after acquiring an additional 1,324 shares during the last quarter. Virtu Financial LLC bought a new position in Navios Maritime Partners in the fourth quarter valued at approximately $196,000. Concourse Capital Management LLC bought a new position in Navios Maritime Partners in the fourth quarter valued at approximately $208,000. Arrowstreet Capital Limited Partnership bought a new position in Navios Maritime Partners in the second quarter valued at approximately $188,000. Finally, Macquarie Group Ltd. bought a new position in Navios Maritime Partners in the third quarter valued at approximately $320,000. 15.34% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on NMM. Jefferies Group set a $3.00 price target on shares of Navios Maritime Partners and gave the company a “buy” rating in a research report on Monday, February 5th. Zacks Investment Research downgraded shares of Navios Maritime Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Citigroup lifted their price target on shares of Navios Maritime Partners from $2.00 to $2.25 and gave the company a “neutral” rating in a research report on Thursday, November 16th. JPMorgan Chase & Co. downgraded shares of Navios Maritime Partners from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 17th. Finally, TheStreet upgraded shares of Navios Maritime Partners from a “d+” rating to a “c-” rating in a research report on Wednesday, November 15th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Navios Maritime Partners presently has an average rating of “Hold” and an average target price of $2.44.
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About Navios Maritime Partners
Navios Maritime Partners L.P. is an international owner and operator of dry cargo and container vessels. The Company is engaged in the seaborne transportation services of a range of dry cargo commodities, including iron ore, coal, grain and fertilizer, and also containers, chartering its vessels under medium to long-term charters.
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