Contrasting Navios Maritime Partners (NMM) and Baltic Trading (BALT)

Navios Maritime Partners (NYSE: NMM) and Baltic Trading (NYSE:BALT) are both small-cap transportation companies, but which is the superior investment? We will contrast the two companies based on the strength of their valuation, earnings, analyst recommendations, dividends, risk, profitability and institutional ownership.

Analyst Ratings

This is a summary of recent recommendations for Navios Maritime Partners and Baltic Trading, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Navios Maritime Partners 0 2 1 0 2.33
Baltic Trading 0 0 0 0 N/A

Navios Maritime Partners currently has a consensus price target of $2.17, suggesting a potential downside of 5.39%. Given Navios Maritime Partners’ higher probable upside, equities research analysts plainly believe Navios Maritime Partners is more favorable than Baltic Trading.

Risk & Volatility

Navios Maritime Partners has a beta of 1.85, meaning that its share price is 85% more volatile than the S&P 500. Comparatively, Baltic Trading has a beta of 1.33, meaning that its share price is 33% more volatile than the S&P 500.

Profitability

This table compares Navios Maritime Partners and Baltic Trading’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Navios Maritime Partners 2.79% 2.53% 1.49%
Baltic Trading -613.08% -49.39% -30.66%

Earnings & Valuation

This table compares Navios Maritime Partners and Baltic Trading’s revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Navios Maritime Partners $190.52 million 1.78 -$52.54 million $0.01 229.23
Baltic Trading N/A N/A N/A ($1.14) -1.37

Baltic Trading has lower revenue, but higher earnings than Navios Maritime Partners. Baltic Trading is trading at a lower price-to-earnings ratio than Navios Maritime Partners, indicating that it is currently the more affordable of the two stocks.

Insider & Institutional Ownership

15.3% of Navios Maritime Partners shares are owned by institutional investors. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Summary

Navios Maritime Partners beats Baltic Trading on 9 of the 9 factors compared between the two stocks.

About Navios Maritime Partners

Navios Maritime Partners L.P. is an international owner and operator of dry cargo and container vessels. The Company is engaged in the seaborne transportation services of a range of dry cargo commodities, including iron ore, coal, grain and fertilizer, and also containers, chartering its vessels under medium to long-term charters. It focuses on providing seaborne shipping services under long-term time charters. As of December 31, 2016, it controlled 12 Panamax vessels, nine Capesize vessels, three Ultra-Handymax vessels and seven container vessels. Panamax vessels are vessels capable of carrying a range of dry cargo commodities, including iron ore, coal, grain and fertilizer and being accommodated in various discharge ports. Capesize vessels are dedicated to the carriage of iron ore and coal. Ultra-Handymax vessels are similar to Panamax vessels although with less carrying capacity, and have self-loading and discharging gear on board to accommodate undeveloped ports.

About Baltic Trading

Baltic Trading Limited is a shipping business focused on the drybulk industry spot market. The Company’s fleet consists of four Capesize vessels, two Ultramax vessels, four Supramax vessels and five Handysize vessels with an aggregate carrying capacity of approximately 1,221,000 deadweight tons. Its fleet contains six groups of sister ships, which are vessels of virtually identical sizes and specifications. It operates a fleet of drybulk ships that transport iron ore, coal, grain, steel products and other drybulk cargoes along shipping routes around the world. It operates its vessels on spot market-related time charters, short-term time charters or in vessel pools trading in the spot market. Genco Shipping & Trading Limited (Genco) serves as the Company’s manager. Genco provides it with commercial and strategic management of its fleet.

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