Navios Maritime Partners (NYSE:NMM) Raised to Buy at StockNews.com

Navios Maritime Partners (NYSE:NMM) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Navios Maritime Partners Stock Performance

Shares of Navios Maritime Partners stock opened at $40.05 on Thursday. Navios Maritime Partners has a 12 month low of $37.75 and a 12 month high of $65.89. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $42.71 and a two-hundred day simple moving average of $49.36. The firm has a market capitalization of $1.20 billion, a P/E ratio of 3.34 and a beta of 1.87.

Navios Maritime Partners (NYSE:NMM) last announced its earnings results on Thursday, February 13th. The shipping company reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.54 by ($1.93). The firm had revenue of $302.99 million during the quarter, compared to analysts’ expectations of $340.83 million. Navios Maritime Partners had a return on equity of 11.64% and a net margin of 27.53%. On average, equities analysts forecast that Navios Maritime Partners will post 12.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Ion Asset Management Ltd. lifted its position in shares of Navios Maritime Partners by 81.9% during the 4th quarter. Ion Asset Management Ltd. now owns 805,678 shares of the shipping company’s stock valued at $34,878,000 after buying an additional 362,678 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Navios Maritime Partners by 38.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 160,834 shares of the shipping company’s stock valued at $6,963,000 after purchasing an additional 44,576 shares during the last quarter. Natixis grew its position in Navios Maritime Partners by 0.3% in the 4th quarter. Natixis now owns 124,727 shares of the shipping company’s stock valued at $5,399,000 after acquiring an additional 397 shares during the last quarter. Moors & Cabot Inc. grew its position in Navios Maritime Partners by 2.6% in the 4th quarter. Moors & Cabot Inc. now owns 76,031 shares of the shipping company’s stock valued at $3,291,000 after acquiring an additional 1,901 shares during the last quarter. Finally, ING Groep NV grew its position in Navios Maritime Partners by 446.2% in the 4th quarter. ING Groep NV now owns 71,000 shares of the shipping company’s stock valued at $3,074,000 after acquiring an additional 58,000 shares during the last quarter. 62.74% of the stock is owned by hedge funds and other institutional investors.

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.