Navios Maritime Partners (NYSE:NMM) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Navios Maritime Partners LP (NYSE:NMM) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $45.18 and traded as high as $52.64. Navios Maritime Partners shares last traded at $51.44, with a volume of 151,224 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NMM shares. Wall Street Zen upgraded Navios Maritime Partners from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Navios Maritime Partners in a research report on Monday, December 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Navios Maritime Partners Price Performance

The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.61. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 5.86 and a beta of 1.43. The company’s fifty day moving average is $49.62 and its two-hundred day moving average is $45.31.

Navios Maritime Partners (NYSE:NMM) last posted its earnings results on Tuesday, November 18th. The shipping company reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.28. The firm had revenue of $346.92 million for the quarter, compared to analyst estimates of $334.64 million. Navios Maritime Partners had a return on equity of 8.69% and a net margin of 20.04%.Navios Maritime Partners’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.15 EPS. As a group, research analysts predict that Navios Maritime Partners LP will post 12.64 earnings per share for the current year.

Navios Maritime Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 10th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, November 10th. Navios Maritime Partners’s dividend payout ratio is presently 2.29%.

Hedge Funds Weigh In On Navios Maritime Partners

A number of institutional investors and hedge funds have recently made changes to their positions in NMM. Merrion Investment Management Co LLC lifted its stake in Navios Maritime Partners by 0.4% in the third quarter. Merrion Investment Management Co LLC now owns 65,250 shares of the shipping company’s stock worth $2,940,000 after acquiring an additional 250 shares during the last quarter. Live Oak Investment Partners raised its holdings in shares of Navios Maritime Partners by 1.3% in the 2nd quarter. Live Oak Investment Partners now owns 28,537 shares of the shipping company’s stock valued at $1,075,000 after purchasing an additional 375 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Navios Maritime Partners by 5.6% during the 3rd quarter. Raymond James Financial Inc. now owns 7,192 shares of the shipping company’s stock worth $324,000 after purchasing an additional 380 shares during the last quarter. Moors & Cabot Inc. grew its stake in shares of Navios Maritime Partners by 0.8% during the third quarter. Moors & Cabot Inc. now owns 92,682 shares of the shipping company’s stock worth $4,175,000 after purchasing an additional 750 shares in the last quarter. Finally, Allworth Financial LP acquired a new position in shares of Navios Maritime Partners during the second quarter worth $47,000. 62.74% of the stock is owned by institutional investors and hedge funds.

Navios Maritime Partners Company Profile

Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. The company offers seaborne transportation services for a range of liquid and dry cargo commodities, including crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers, as well as charters its vessels under short, medium, and longer-term charters.