ZIM Shipping stock proves unsinkable despite Red Sea disruptions
Shares of NYSE NMM traded down $0.25 during mid-day trading on Thursday, reaching $43.89. The company had a trading volume of 111,299 shares, compared to its average volume of 128,582. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 3.33 and a beta of 1.93. The stock has a fifty day moving average of $43.92 and a two-hundred day moving average of $50.13. Navios Maritime Partners has a 12-month low of $29.86 and a 12-month high of $65.89.
Navios Maritime Partners (NYSE:NMM - Get Free Report) last released its earnings results on Thursday, February 13th. The shipping company reported $2.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.54 by ($1.93). Navios Maritime Partners had a return on equity of 13.66% and a net margin of 30.48%. As a group, equities research analysts expect that Navios Maritime Partners will post 11.6 EPS for the current year.
A number of institutional investors have recently modified their holdings of NMM. Main Street Financial Solutions LLC raised its holdings in shares of Navios Maritime Partners by 1.6% during the 3rd quarter. Main Street Financial Solutions LLC now owns 762,929 shares of the shipping company's stock valued at $47,782,000 after purchasing an additional 12,094 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings 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 in the last quarter. Moors & Cabot Inc. raised its holdings in shares of Navios Maritime Partners by 2.6% during the 4th quarter. Moors & Cabot Inc. now owns 76,031 shares of the shipping company's stock valued at $3,291,000 after purchasing an additional 1,901 shares in the last quarter. ING Groep NV raised its holdings in shares of Navios Maritime Partners by 446.2% during the 4th quarter. ING Groep NV now owns 71,000 shares of the shipping company's stock valued at $3,074,000 after purchasing an additional 58,000 shares in the last quarter. Finally, Integrated Investment Consultants LLC bought a new position in shares of Navios Maritime Partners during the 3rd quarter valued at $4,208,000. Institutional investors and hedge funds own 62.74% of the company's stock.
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.
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