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Stock Market & Financial Investment News

News Breaks
January 28, 2013
06:03 EDTNMMNavios Maritime Partners downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded Navios Maritime Partners citing valuation and heightened distribution risk. The firm lowered its price target for shares to $14 from $16.
News For NMM From The Last 14 Days
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May 4, 2015
06:51 EDTNMMNavios Maritime Partners prepared to raise distribution when market stabilizes
Angeliki Frangou, chairman and CEO of Navios Partners stated, "I am pleased with our results for the quarter. We earned $38.0M of EBITDA and $10.9M of net income. We recently announced a quarterly distribution of 44.25c, representing an annual distribution of $1.77 per unit. We remain committed to this annual distribution, at least through 2016, and we have maintained it even during difficult phases of the shipping cycle. We are prepared to increase our distribution when the shipping market stabilizes and the market rewards us, as our current yield of 13.4% is more than two times the yield on the Alerian MLP."
06:50 EDTNMMNavios Maritime Partners reports Q1 adjusted EPS 13c, consensus 19c
Reports Q1 revenue $56.79M, consensus $61.43M.
April 23, 2015
09:20 EDTNMMNavios Maritime Partners announces delivery of 13,100 TEU container vessel
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08:46 EDTNMMNavios Maritime, Navios Acquisition, Navios Maritime Partners acquire 14 vessels
Navios Maritime (NM), Navios Maritime Acquisition (NNA) and Navios Maritime Partners (NMM) have executed a binding letter of intent to acquire 14 vessels from debtors of HSH Nordbank AG through a new joint venture. The 14 vessels include seven dry bulkers and seven container vessels with an average age of approximately 4 years. The transaction is expected to close in Q2. The Navios JV will not be consolidated into any of the Navios public entities. The transaction is still subject to certain conditions, and no assurance can be provided that the transaction will be concluded as contemplated, if at all. Navios estimates the purchase price to be paid to HSH will consist of cash and the assumption of a Subordinated HSH Participating Loan.

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