Navios Maritime Midstream Partners LP (NAP) Announces $0.42 Quarterly Dividend
Navios Maritime Midstream Partners LP (NYSE:NAP) announced a quarterly dividend on Tuesday, October 18th. Stockholders of record on Tuesday, November 8th will be paid a dividend of 0.4225 per share on Thursday, November 10th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 15.56%. The ex-dividend date of this dividend is Friday, November 4th.
Shares of Navios Maritime Midstream Partners (NYSE:NAP) traded up 1.40% during mid-day trading on Tuesday, hitting $10.86. 61,151 shares of the stock were exchanged. The stock has a market cap of $220.22 million, a PE ratio of 7.67 and a beta of 0.90. Navios Maritime Midstream Partners has a 12 month low of $6.58 and a 12 month high of $15.21. The stock’s 50 day moving average is $10.88 and its 200-day moving average is $11.67.
Navios Maritime Midstream Partners (NYSE:NAP) last released its earnings results on Thursday, July 28th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.05. Navios Maritime Midstream Partners had a return on equity of 10.35% and a net margin of 30.21%. The business had revenue of $22.69 million for the quarter, compared to the consensus estimate of $23.17 million. During the same quarter last year, the business posted $0.34 earnings per share. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. On average, analysts anticipate that Navios Maritime Midstream Partners will post $1.33 EPS for the current year.
NAP has been the subject of several research analyst reports. Zacks Investment Research upgraded Navios Maritime Midstream Partners from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 29th. JPMorgan Chase & Co. restated a “hold” rating and issued a $8.00 price objective on shares of Navios Maritime Midstream Partners in a report on Friday, July 29th. Bank of America Corp. downgraded Navios Maritime Midstream Partners from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a report on Monday, August 1st. Finally, Credit Suisse Group AG restated a “buy” rating and issued a $13.00 price objective on shares of Navios Maritime Midstream Partners in a report on Monday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $11.50.
A hedge fund recently bought a new stake in Navios Maritime Midstream Partners stock. KCG Holdings Inc. bought a new position in Navios Maritime Midstream Partners LP (NYSE:NAP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,130 shares of the company’s stock, valued at approximately $166,000. KCG Holdings Inc. owned about 0.07% of Navios Maritime Midstream Partners at the end of the most recent quarter. Institutional investors and hedge funds own 35.44% of the company’s stock.
About Navios Maritime Midstream Partners
Navios Maritime Midstream Partners L.P. is a holding company. The Company is a limited partnership formed to own, operate and acquire crude oil tankers under long-term employment contracts. The Company may also seek to own, operate and acquire refined petroleum product tankers, chemical tankers and liquefied petroleum gas (LPG) tankers under long-term employment contracts.
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