Navios Maritime Partners (NYSE:NMM) Upgraded at StockNews.com

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

Navios Maritime Partners Stock Up 2.4 %

NMM stock opened at $39.45 on Thursday. The stock has a market capitalization of $1.18 billion, a P/E ratio of 3.29 and a beta of 1.87. 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 12 month low of $37.75 and a 12 month high of $65.89. The firm has a 50-day moving average price of $42.93 and a 200-day moving average price of $49.50.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NMM. Moors & Cabot Inc. raised its holdings in Navios Maritime Partners by 4.0% in the 3rd quarter. Moors & Cabot Inc. now owns 74,130 shares of the shipping company’s stock valued at $4,643,000 after buying an additional 2,850 shares during the last quarter. Integrated Investment Consultants LLC bought a new position in Navios Maritime Partners in the 3rd quarter valued at approximately $4,208,000. Pekin Hardy Strauss Inc. raised its holdings in Navios Maritime Partners by 3.2% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 27,825 shares of the shipping company’s stock valued at $1,743,000 after buying an additional 875 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Navios Maritime Partners by 21.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,149 shares of the shipping company’s stock valued at $135,000 after buying an additional 384 shares during the last quarter. Finally, Corsair Capital Management L.P. bought a new position in Navios Maritime Partners in the 3rd quarter valued at approximately $1,000,000. Institutional investors own 62.74% of the company’s stock.

About Navios Maritime Partners

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.