Navios Maritime Partners L.P. (NYSE:NMM) announced its earnings results on Monday. The company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.06. The company had revenue of $50.30 million for the quarter, compared to analysts’ expectations of $46.96 million. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period last year, the business earned $0.13 EPS.

Shares of Navios Maritime Partners L.P. (NYSE:NMM) opened at 1.54 on Tuesday. The stock’s 50 day moving average is $1.36 and its 200 day moving average is $1.41. The firm has a market cap of $130.55 million, a PE ratio of 44.00 and a beta of 1.74. Navios Maritime Partners L.P. has a 12 month low of $0.79 and a 12 month high of $4.92.

Earnings History for Navios Maritime Partners L.P. (NYSE:NMM)

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Navios Maritime Partners L.P. by 29.6% in the third quarter. JPMorgan Chase & Co. now owns 559,225 shares of the company’s stock valued at $777,000 after buying an additional 127,684 shares during the last quarter. Sanders Morris Harris Inc. increased its position in shares of Navios Maritime Partners L.P. by 2.2% in the third quarter. Sanders Morris Harris Inc. now owns 136,650 shares of the company’s stock valued at $190,000 after buying an additional 3,000 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of Navios Maritime Partners L.P. by 2.5% in the second quarter. Stifel Financial Corp now owns 265,627 shares of the company’s stock valued at $344,000 after buying an additional 6,448 shares during the last quarter.

Several research analysts have weighed in on NMM shares. Jefferies Group reaffirmed a “buy” rating on shares of Navios Maritime Partners L.P. in a research note on Tuesday, August 23rd. Zacks Investment Research lowered shares of Navios Maritime Partners L.P. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $3.75.

About Navios Maritime Partners L.P.

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.

5 Day Chart for NYSE:NMM

Receive News & Stock Ratings for Navios Maritime Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime Partners L.P. and related stocks with our FREE daily email newsletter.