Navios Maritime Partners L.P. (NYSE:NMM) declared a quarterly dividend on Monday, March 12th, Zacks reports. Investors of record on Thursday, May 10th will be paid a dividend of 0.02 per share by the shipping company on Monday, May 14th. This represents a $0.08 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Wednesday, May 9th.
Shares of Navios Maritime Partners (NYSE NMM) traded down $0.02 on Tuesday, reaching $2.10. 325,833 shares of the company were exchanged, compared to its average volume of 1,021,432. Navios Maritime Partners has a twelve month low of $1.45 and a twelve month high of $2.64. The firm has a market cap of $353.61, a price-to-earnings ratio of 14.07 and a beta of 1.50. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.39 and a current ratio of 0.55.
Navios Maritime Partners (NYSE:NMM) last announced its quarterly earnings results on Monday, February 5th. The shipping company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.04. Navios Maritime Partners had a negative net margin of 7.13% and a positive return on equity of 2.77%. The business had revenue of $59.27 million for the quarter, compared to analyst estimates of $57.86 million. analysts anticipate that Navios Maritime Partners will post 0.19 earnings per share for the current year.
A number of research analysts recently commented on NMM shares. Jefferies Group started coverage on shares of Navios Maritime Partners in a research note on Monday, December 18th. They issued a “buy” rating and a $2.00 price target on the stock. TheStreet upgraded shares of Navios Maritime Partners from a “d+” rating to a “c-” rating in a research note on Wednesday, November 15th. Zacks Investment Research upgraded shares of Navios Maritime Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. JPMorgan Chase & Co. lowered shares of Navios Maritime Partners from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 17th. Finally, Citigroup upped 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 note on Thursday, November 16th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Navios Maritime Partners currently has a consensus 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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