Navios Maritime Partners (NYSE:NMM) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Navios Maritime Partners (NYSE:NMM – Get Rating) in a research note published on Thursday morning. The brokerage issued a buy rating on the shipping company’s stock.

Navios Maritime Partners Stock Down 2.2 %

Shares of NYSE:NMM opened at $23.03 on Thursday. The company has a market cap of $695.05 million, a price-to-earnings ratio of 1.23 and a beta of 2.05. The firm’s 50-day simple moving average is $26.33 and its 200-day simple moving average is $25.82. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.70. Navios Maritime Partners has a fifty-two week low of $19.71 and a fifty-two week high of $36.35.

Navios Maritime Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Investors of record on Friday, February 10th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Thursday, February 9th. Navios Maritime Partners’s dividend payout ratio (DPR) is 1.06%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors raised its holdings in shares of Navios Maritime Partners by 14.0% during the second quarter. Captrust Financial Advisors now owns 3,421 shares of the shipping company’s stock worth $79,000 after purchasing an additional 421 shares during the period. Occudo Quantitative Strategies LP boosted its holdings in shares of Navios Maritime Partners by 2.4% in the second quarter. Occudo Quantitative Strategies LP now owns 21,023 shares of the shipping company’s stock worth $484,000 after buying an additional 483 shares during the period. State of Wyoming boosted its holdings in shares of Navios Maritime Partners by 17.6% in the fourth quarter. State of Wyoming now owns 3,442 shares of the shipping company’s stock worth $89,000 after buying an additional 514 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of Navios Maritime Partners in the first quarter worth about $28,000. Finally, Bank of America Corp DE boosted its holdings in shares of Navios Maritime Partners by 147.4% during the first quarter. Bank of America Corp DE now owns 1,549 shares of the shipping company’s stock worth $55,000 after purchasing an additional 923 shares during the period. 12.18% of the stock is currently owned by hedge funds and other institutional investors.

About Navios Maritime Partners

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Navios Maritime Partners LP operates as a shipping and logistics company, which engages in owning and management of dry cargo and container vessels. It focuses on transport and transshipment of dry bulk commodities including iron ore, coal, and grain. The company was founded on August 7, 2007 and is headquartered in Monte Carlo, Monaco.