Eagle Global Advisors LLC cut its stake in shares of Navios Maritime Midstream Partners LP (NYSE:NAP) by 10.2% during the second quarter, Holdings Channel reports. The firm owned 494,000 shares of the shipping company’s stock after selling 56,200 shares during the period. Eagle Global Advisors LLC’s holdings in Navios Maritime Midstream Partners were worth $4,624,000 at the end of the most recent quarter.
Shares of Navios Maritime Midstream Partners LP (NYSE:NAP) opened at 10.58 on Wednesday. The firm has a market cap of $221.62 million, a PE ratio of 13.05 and a beta of 0.52. Navios Maritime Midstream Partners LP has a one year low of $9.07 and a one year high of $14.20. The company has a 50-day moving average of $10.06 and a 200 day moving average of $10.92.
Navios Maritime Midstream Partners (NYSE:NAP) last released its quarterly earnings results on Wednesday, July 26th. The shipping company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.23 by $0.13. The company had revenue of $18.50 million for the quarter, compared to analyst estimates of $21.14 million. Navios Maritime Midstream Partners had a return on equity of 5.69% and a net margin of 18.41%. The business’s revenue was down 18.5% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. On average, equities research analysts expect that Navios Maritime Midstream Partners LP will post $0.76 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Tuesday, August 8th will be given a dividend of $0.4225 per share. This represents a $1.69 annualized dividend and a yield of 15.97%. The ex-dividend date is Friday, August 4th. Navios Maritime Midstream Partners’s dividend payout ratio (DPR) is presently 196.51%.
NAP has been the topic of several analyst reports. ValuEngine cut shares of Navios Maritime Midstream Partners from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research cut shares of Navios Maritime Midstream Partners from a “hold” rating to a “sell” rating in a report on Friday, April 21st. Finally, Bank of America Corporation cut shares of Navios Maritime Midstream Partners from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $13.00 to $8.00 in a report on Friday, June 23rd. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Navios Maritime Midstream Partners presently has a consensus rating of “Hold” and a consensus target price of $10.33.
Navios Maritime Midstream Partners Company Profile
Navios Maritime Midstream Partners L.P. (Navios Midstream) is a holding company. The Company’s principal activity is to own, operate and acquire crude oil tankers under long-term employment contracts, as well as refined petroleum product tankers, chemical tankers, and liquefied petroleum gas (LPG) tankers under long-term employment contracts.
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