Navios Maritime Partners (NMM) Upgraded at ValuEngine

Navios Maritime Partners (NYSE:NMM) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, April 1st, ValuEngine reports.

Separately, Zacks Investment Research upgraded shares of Navios Maritime Partners from a “hold” rating to a “strong-buy” rating and set a $1.00 target price on the stock in a research report on Tuesday, January 1st.

Shares of NYSE:NMM traded down $0.01 on Monday, hitting $1.01. The stock had a trading volume of 11,495 shares, compared to its average volume of 697,879. Navios Maritime Partners has a twelve month low of $0.78 and a twelve month high of $2.11. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.12 and a current ratio of 2.12. The company has a market capitalization of $168.54 million, a PE ratio of 4.59 and a beta of 1.81.

Navios Maritime Partners (NYSE:NMM) last issued its quarterly earnings results on Thursday, January 31st. The shipping company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.02). The company had revenue of $57.54 million for the quarter, compared to analyst estimates of $57.92 million. Navios Maritime Partners had a positive return on equity of 4.59% and a negative net margin of 5.65%. On average, analysts forecast that Navios Maritime Partners will post 0.04 EPS for the current year.

Several hedge funds have recently made changes to their positions in NMM. Two Sigma Securities LLC increased its stake in shares of Navios Maritime Partners by 235.2% in the 4th quarter. Two Sigma Securities LLC now owns 38,535 shares of the shipping company’s stock valued at $33,000 after acquiring an additional 27,039 shares during the last quarter. Macquarie Group Ltd. increased its stake in shares of Navios Maritime Partners by 97.6% in the 4th quarter. Macquarie Group Ltd. now owns 44,409 shares of the shipping company’s stock valued at $38,000 after acquiring an additional 21,937 shares during the last quarter. Globeflex Capital L P bought a new stake in shares of Navios Maritime Partners in the 4th quarter valued at about $750,000. Deutsche Bank AG increased its stake in shares of Navios Maritime Partners by 983.2% in the 4th quarter. Deutsche Bank AG now owns 1,224,668 shares of the shipping company’s stock valued at $1,039,000 after acquiring an additional 1,111,609 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Navios Maritime Partners by 10.2% in the 3rd quarter. Renaissance Technologies LLC now owns 2,601,200 shares of the shipping company’s stock valued at $4,552,000 after acquiring an additional 241,302 shares during the last quarter. 12.72% 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 dry cargo commodities, including iron ore, coal, grain, and fertilizers, as well as charters its vessels under medium to long-term charters.

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