Company shares are trading at $9.62 which is significantly above $7.87, the stock’s 50 day moving average and barely above the 200 day moving average of $9.58. The 50 day moving average went up $1.75 or +22.23% and the 200 day average went up $0.04 or +0.40%. Trading volume for Navios Maritime Midstream Partn was 2,716 on Tuesday. Overall, volume was down 95.62% under the stocks normal daily volume.
Traders are a little more bullish on Navios Maritime Midstream Partn lately if you pay attention to the downtick in short interest. The company experienced a fall in short interest of -0.55% as of September 29, 2017 from the last reporting period. Short interest decreased 1,498 over that timeframe. With short interest at 273,344 and short average daily volume at 65,281, the short-interest ratio is 4.0 and the short interest percentage is 0.01% as of September 29.
These firms have modified their investment in NAP. Ladenburg Thalmann Financial Services Inc. grew its investment by buying 1,084 shares an increase of 108.4%. Ladenburg Thalmann Financial Services Inc. claims 2,084 shares worth $20,000. The total value of its holdings increased 66.7%. As of the end of the quarter 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 went from $1,000 to $1,000 a change of $0 for the reporting period.
Creative Planning cut its ownership by shedding 1,996 shares a decrease of 65.4% in the quarter. Creative Planning now controls 1,058 shares with a value of $10,000. The value of the position overall is down by 73.0%. Ubs Group Ag expanded 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 total value of its holdings increased 16.7%.
On October 20 Citigroup left the company rating at “Neutral” and lowered the price expectation to $8.00 from $19.00.
The company is so far trading up since yesterday’s close of 9.3. Navios Maritime Midstream Partn also recently declared a dividend to be paid on Tuesday the 14th of November 2017. The dividend payment will be $0.423 per share for the quarter which comes to $1.69 on an annualized basis. This dividend amount will represent a yield of $18.17. The ex-dividend date is set for Friday the 4th of August 2017.
The company currently has a P/E ratio of 11.62 and the market cap of the company is 201.51M. In the last earnings report the EPS was $0.83 and is estimated to be $0.70 for the current year with 20,947,000 shares outstanding. Next quarter’s EPS is expected 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..