Navios Maritime Partners L.P. (NYSE:NMM) reached a new 52-week low during trading on Thursday . The company traded as low as $1.60 and last traded at $1.64, with a volume of 3000 shares trading hands. The stock had previously closed at $1.62.

A number of research firms have commented on NMM. Zacks Investment Research upgraded Navios Maritime Partners from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a research report on Wednesday, July 11th. ValuEngine lowered Navios Maritime Partners from a “hold” rating to a “sell” rating in a research report on Saturday, July 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $2.33.

The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.58. The stock has a market cap of $293.28 million, a P/E ratio of 10.19 and a beta of 1.62.

Navios Maritime Partners (NYSE:NMM) last announced its earnings results on Wednesday, August 1st. The shipping company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. Navios Maritime Partners had a positive return on equity of 3.98% and a negative net margin of 16.31%. The company had revenue of $58.20 million for the quarter, compared to analyst estimates of $57.07 million. On average, equities analysts forecast that Navios Maritime Partners L.P. will post 0.2 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. boosted its position in shares of Navios Maritime Partners by 128.7% during the 2nd quarter. Macquarie Group Ltd. now owns 76,773 shares of the shipping company’s stock valued at $145,000 after purchasing an additional 43,200 shares in the last quarter. Natixis bought a new stake in shares of Navios Maritime Partners during the 1st quarter valued at about $107,000. Millennium Management LLC boosted its position in shares of Navios Maritime Partners by 17.1% during the 2nd quarter. Millennium Management LLC now owns 496,941 shares of the shipping company’s stock valued at $939,000 after purchasing an additional 72,692 shares in the last quarter. Barclays PLC boosted its position in shares of Navios Maritime Partners by 286.0% during the 1st quarter. Barclays PLC now owns 144,737 shares of the shipping company’s stock valued at $260,000 after purchasing an additional 107,236 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Navios Maritime Partners by 34.7% during the 1st quarter. UBS Group AG now owns 861,354 shares of the shipping company’s stock valued at $1,550,000 after purchasing an additional 222,001 shares in the last quarter. Institutional investors own 19.60% of the company’s stock.

About Navios Maritime Partners (NYSE:NMM)

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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