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Ex-Dividend Reminder: Parker Hannifin Corp., W.W. Grainger Inc. and Navios Maritime Partners LP
Tuesday, February 4, 10:20 AM ET, by Market News Video Staff

On 2/6/14, Parker Hannifin Corp. (PH), W.W.. ...

Ship Finance International Ltd (SFL) Shares Cross Below 200 DMA
Wednesday, February 5, 4:10 PM ET, by Market News Video Staff

In trading on Wednesday, shares of Ship Finance International Ltd (SFL) crossed below their 200 ...

First Week of NMM September 20th Options Trading
Wednesday, February 12, 10:46 AM ET, by Market News Video Staff

Investors in Navios Maritime Partners LP (NMM) saw new options begin trading this week, for ...

Investors Snatch NMM Even Lower Than Its Secondary Stock Offering
Thursday, February 13, 9:59 AM ET, by Market News Video Staff

Looking back to 2 days ago, Navios Maritime Partners LP (NMM) priced a 5,500,000 share ...

Seaspan Corp Breaks Below 200-Day Moving Average - Notable for SSW
Tuesday, February 25, 1:49 PM ET, by Market News Video Staff

In trading on Tuesday, shares of Seaspan Corp (SSW) crossed below their 200 day moving ...

  More articles:  1 2 3 4 5 6 7 next »

Bag NMM Even Cheaper Than Its Secondary?

By Market News Video Staff, Wednesday, February 6, 11:13 AM ET
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Looking back to 5 days ago, Navios Maritime Partners LP (NYSE:NMM) priced a 4,250,000 share secondary stock offering at $14.15 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time. In trading on Wednesday, bargain hunters could buy shares of NMM and achieve a cost basis 3.5% cheaper than those buyers, with shares changing hands as low as $13.65 per share.

Secondaries can often present buying opportunities for bullish investors interested in purchasing shares, because the sudden extra supply of stock tends to require that the offering be priced at an attractive discount to where the stock had previously been trading before the offering announcement. At last check, Navios Maritime Partners LP shares are currently trading down about 0.7% on the day. The chart below shows the one year performance of NMM shares, versus its 200 day moving average:

Navios Maritime Partners LP Chart

Looking at the chart above, NMM's low point in its 52 week range is $11.53 per share, with $17.04 as the 52 week high point that compares with a last trade of $13.89.

The current annualized dividend paid by Navios Maritime Partners LP is $1.77/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 02/06/2013. Below is a long-term dividend history chart for NMM, which can be of good help in judging whether the most recent dividend with approx. 12.4% annualized yield is likely to continue.

NMM makes up 4.38% of the Guggenheim Shipping ETF (AMEX:SEA)


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This Article's Word Cloud:   AMEX   Below   Buyers   Definition   Dividends   ETFs   Earnings   Importance   Looking   Maritime   Navios   Partners   Stock   What   about   above   annualized   back   bkgImage   bullish   chart   company   currently   dividend   escape   fillColor   gridColor   gridLocation   height   hunters   investment   last   leftLabelsEvery   likely   most   offering   opportunities   paid   point   priced   recent   share   shares   showVolumeTable   stock   that   trading   week   with   would
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