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

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

Separately, Jefferies Financial Group lifted their price target on shares of Navios Maritime Partners from $65.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, September 19th.

Navios Maritime Partners Trading Down 2.9 %

Shares of NMM stock traded down $1.28 during mid-day trading on Thursday, reaching $43.46. The stock had a trading volume of 167,627 shares, compared to its average volume of 138,983. The firm has a market capitalization of $1.30 billion, a PE ratio of 3.30 and a beta of 1.97. The stock’s 50-day moving average price is $46.88 and its two-hundred day moving average price is $51.19. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.59. Navios Maritime Partners has a 52-week low of $27.47 and a 52-week high of $65.89.

Navios Maritime Partners (NYSE:NMM) last announced its quarterly earnings results on Tuesday, November 5th. The shipping company reported $3.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.80 by ($0.65). Navios Maritime Partners had a net margin of 30.48% and a return on equity of 13.66%. The business had revenue of $340.84 million for the quarter, compared to analysts’ expectations of $326.32 million. During the same quarter in the prior year, the firm earned $2.68 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts expect that Navios Maritime Partners will post 11.89 earnings per share for the current fiscal year.

Institutional Trading of Navios Maritime Partners

Several large investors have recently bought and sold shares of NMM. Ieq Capital LLC bought a new stake in shares of Navios Maritime Partners during the second quarter valued at approximately $2,064,000. Sei Investments Co. lifted its position in Navios Maritime Partners by 748.2% during the second quarter. Sei Investments Co. now owns 55,109 shares of the shipping company’s stock valued at $2,812,000 after buying an additional 48,612 shares during the period. Merrion Investment Management Co LLC bought a new stake in shares of Navios Maritime Partners during the 3rd quarter valued at $401,000. Consolidated Portfolio Review Corp purchased a new stake in shares of Navios Maritime Partners in the 3rd quarter worth about $935,000. Finally, Main Street Financial Solutions LLC increased its stake in shares of Navios Maritime Partners by 1.6% in the 3rd quarter. Main Street Financial Solutions LLC now owns 762,929 shares of the shipping company’s stock worth $47,782,000 after acquiring an additional 12,094 shares in the last quarter. 62.74% of the stock is owned by 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.