Latest news with #NaviosMaritimePartners
Forbes
07-08-2025
- Business
- Forbes
Ex-Dividend Reminder: Apple, Navios Maritime Partners & W.W. Grainger
On 8/11/25, Apple, Navios Maritime Partners, and W.W. Grainger will all trade ex-dividend for their respective upcoming dividends. Apple will pay its quarterly dividend of $0.26 on 8/14/25, Navios Maritime Partners will pay its quarterly dividend of $0.05 on 8/14/25, and W.W. Grainger will pay its quarterly dividend of $2.26 on 9/1/25. 10 Stocks Where Yields Got More Juicy » As a percentage of AAPL's recent stock price of $213.28, this dividend works out to approximately 0.12%, so look for shares of Apple Inc to trade 0.12% lower — all else being equal — when AAPL shares open for trading on 8/11/25. Similarly, investors should look for NMM to open 0.11% lower in price and for GWW to open 0.24% lower, all else being equal. When an S&P 1500 component reaches 20 years of dividend increases, it becomes a contender to join the elite "Dividend Aristocrats" index. Apple is a "future dividend aristocrats contender," with 14+ years of increases. Below are dividend history charts for AAPL, NMM, and GWW, showing historical dividends prior to the most recent ones declared. Apple:Navios Maritime Partners:W.W. Grainger:In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.49% for Apple, 0.44% for Navios Maritime Partners, and 0.94% for W.W. Grainger. Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Thursday trading, Apple shares are currently up about 5.1%, Navios Maritime Partners shares are up about 1.7%, and W.W. Grainger shares are up about 2.6% on the day.
Yahoo
13-07-2025
- Business
- Yahoo
Navios Maritime Partners (NMM) Announces $35.5 Million Sale of a 2009-Built Containership
Navios Maritime Partners L.P. (NYSE:NMM) is one of the best cheap stocks with huge upside potential. Navios Maritime Partners L.P. (NYSE:NMM) undertook the delivery of Nave Dorado, a newly built Aframax/LR2 tanker vessel, in April, boosting its operational capacity. A large container ship floating in a harbor, its cargo illuminated by the setting sun. In addition, the company announced in May an agreement to sell a 2009-built containership for $35.5 million. The transaction for this deal is expected to be completed in the second half of 2025. These strategic moves mark the company's ongoing efforts for fleet optimization and financial performance improvement, potentially affecting stakeholder interests and its market positioning. Navios Maritime Partners L.P. (NYSE:NMM) reported $304.1 million in revenue in fiscal Q1 2025, while net income for the quarter reached $41.7 million. Navios Maritime Partners L.P. (NYSE:NMM) is a shipping and logistics company that owns and manages dry cargo and container vessels. The company's focus is on the transport and transhipment of dry bulk commodities, which include coal, iron ore, and grain. While we acknowledge the potential of NMM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
10-07-2025
- Business
- Yahoo
Navios Maritime Partners LP (NMM) Stock Drops Despite Market Gains: Important Facts to Note
Navios Maritime Partners LP (NMM) closed the most recent trading day at $37.60, moving -2.67% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.61%. On the other hand, the Dow registered a gain of 0.49%, and the technology-centric Nasdaq increased by 0.95%. Prior to today's trading, shares of the company had gained 0.68% lagged the Transportation sector's gain of 2.95% and the S&P 500's gain of 3.85%. The investment community will be closely monitoring the performance of Navios Maritime Partners LP in its forthcoming earnings report. The company is expected to report EPS of $1.86, down 39.22% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $309.58 million, indicating a 2.47% growth compared to the corresponding quarter of the prior year. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $10.87 per share and revenue of $1.31 billion. These totals would mark changes of -2.42% and +6.79%, respectively, from last year. Investors should also note any recent changes to analyst estimates for Navios Maritime Partners LP. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits. Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Navios Maritime Partners LP possesses a Zacks Rank of #3 (Hold). Looking at valuation, Navios Maritime Partners LP is presently trading at a Forward P/E ratio of 3.55. This expresses a discount compared to the average Forward P/E of 8.99 of its industry. The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 24, which puts it in the top 10% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize to follow all of these stock-moving metrics, and more, in the coming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Navios Maritime Partners LP (NMM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
CNBC
24-06-2025
- Business
- CNBC
Strait of Hormuz GPS jamming remains major security issue, tanker CEO says
Despite a tentative ceasefire between Israel and Iran on Tuesday, security issues in the Strait of Hormuz continue for shipowners, with GPS jamming incidents forcing vessels to reduce transits. According to Angeliki Frangou, a fourth-generation shipowner and chairman and CEO of Greece-based Navios Maritime Partners, which owns and operates dry cargo ships and tankers, vessels in the Strait of Hormuz are still being threatened by continuous GPS signal blocking. The GPS jamming has more vessels waiting to pass through the Strait of Hormuz. "We have had about 20% less passage of vessels through the Strait of Hormuz, and vessels are waiting outside," Frangou told CNBC. "You are hearing a lot from the liner [ocean shipping] companies that they are transiting only during daytime because of the jamming of GPS signals of vessels. They don't want to pass during the nighttime because they find it dangerous. So it's a very fluid situation," Frangou said. A June 20 estimate from the Maritime Information Cooperation & Awareness Center indicated that 970 ships per day had experienced GPS interference over the prior week. Data from shipping intelligence firm Kpler shows the overall traffic in the Strait of Hormuz decreasing from June 13 to June 22, based on analysis of Maritime Mobile Service Identity (MMSI) accounts for all vessels and tankers in the area. A MMSI is a unique nine-digit number used to identify vessels and used for vessel tracking and communications. On June 13, the unique MMSI count for all kinds of vessels was 16,127, and that was down to 7,947 on June 22. For tankers, the unique MMSI count went down from 1,120 to 889 on June Strait of Hormuz, which connects the Persian Gulf to the Arabian Sea, is a critical transit path for global oil and gas shipments, with roughly 20% global oil and gas passing through its narrow waters. At its narrowest point, the Strait of Hormuz is 21 miles, and that is a primary reason why the GPS signal jamming is a critical issue for ships, Frangou said. "This is very important," Frangou said. "For the safety of the crew and the vessel. ... Safety conditions are something that is at the forefront of our minds. This is why we are constantly monitoring all this," she added. The ongoing security risks associated with traversing the Strait of Hormuz has fueled insurance rates and ocean freight rates. Rates from Shanghai to the port of Khor Fakkan, which is situated on the UAE Indian Ocean coastline, are up 76% in comparison to mid-May, according to spot ocean freight rate data tracked by freight intelligence platform Xeneta. The average spot rates have reached $3,341 per forty-foot equivalent unit (FEU.) The Port of Khor Fakkan is located outside the Strait of Hormuz. Due to its location, the port is considered to be one of the most important transshipment hubs for the Arabian Gulf, the Indian Sub-continent, the Gulf of Oman, and the East African markets. "The reality is that yesterday [Monday] we saw that rates doubled on the passage," Frangou said. "This can change quickly, but what we have seen is that when they go up, it's more difficult to bring them down," she added. Unlike the Red Sea diversions caused by Houthi rebel attacks — which have been in place since mid-December 2023 for vessels to avoid the waterway to the Suez Canal — tankers and containerships bound for ports on the other side of the Strait of Hormuz have no option. "The spot market for VLCC [very large crude carriers] has moved up $70,000 per day," Frangou said. "So even though oil has not gone up, we saw the VLCC rates, the very large Crude Carriers, have gone up. It is very much wait-and-see," she added.
