It is trading at $9.11 significantly higher than the 50 day moving average of $8.19 and just below the 200 day moving average of $9.49. The 50 day moving average moved up $0.92 whereas the 200 day average was down by -4.03%. Trading volume for Navios Maritime Midstream Partn was 135K in the last trading session. Shares saw a steep increase in trading volume of 11.38% over the normal average daily volume.
Investors are more bearish on shares of the company lately as indicated by the increase in short interest. The company recorded a rise in short interest of 4.65% as of October 13, 2017 from the last reporting period. Short shares grew 12,713 over that period. With short interest at 286,057 and short average daily volume at 77,514, the short-interest ratio is 4.0 and the percentage of shorted shares was 0.01% on October 13.
A few notable investment firms have updated their holdings. As of the end of the quarter Ladenburg Thalmann Financial Services Inc. had acquired 1,084 shares growing its position 108.4%. The value of the company’s investment in Navios Maritime Midstream Partn went from $12,000 to $20,000 a change of 66.7% quarter to quarter. As of quarter end Tower Research Capital LLC (trc) had sold a total of 1 shares trimming its holdings by 1.0%. The value of the investment in Navios Maritime Midstream Partn decreased from $1,000 to $1,000 a change of $0 quarter over quarter.
As of quarter end Creative Planning had sold 1,996 shares trimming its stake by 65.4%. The value of the total investment in Navios Maritime Midstream Partn went from $37,000 to $10,000 decreasing 73.0% for the reporting period. Ubs Group Ag grew its holdings by buying 760 shares an increase of 50.7% as of 06/30/2017. Ubs Group Ag now holds 2,260 shares valued at $21,000. The value of the position overall is up by 16.7%.
October 20 investment analysts at Citigroup held the stock rating at “Neutral” but moved down the price target to $8.00 from $19.00.
The company is now up since yesterday’s close of $9.11. The company also announced a dividend for shareholders that will be paid on Tue Nov 14, 2017. The dividend payment will be $0.423 per share for the quarter which is $1.69 annualized. This dividend represents a yield of $18.76 which is the dividend as a percentage of the current share price. The ex-dividend date is Friday the 4th of August 2017.
Navios Maritime Midstream Partn currently has a P/E ratio of 11.00 and market cap is 190.83M. In the latest earnings report the EPS was $0.83 and is projected to be $0.70 for the current year with 20,947,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.19 with next year’s EPS anticipated to be $0.83.
Navios Maritime Midstream Partners L.P. (Navios Midstream), launched on October 13, 2014, is a holding company. The Business’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. The Company focuses to charter its vessels under long-term employment contracts to international oil companies, refiners and large vessel operators..