Long Position on NMM @ $30.75 on 9/14/2021 (Fundamentals)

Navios Maritime Partners L.P. (NMM) owns and operates dry cargo vessels in Asia, Europe, North America, and Australia.

The company offers seaborne transportation services for a range of dry cargo commodities, including iron ore, coal, grain, fertilizers, and containers, as well as charters its vessels under medium to long-term charters. As of March 24, 2021, it operated a fleet of 52 vessels.

Olympos Maritime Ltd. serves as the general partner of Navios Maritime Partners L.P.

Navios Maritime Partners L.P. reported 2nd Quarter June 2021 earnings of $4.31 per share on revenue of $152.0 million. The consensus earnings estimate was $2.38 per share on revenue of $146.0 million. Revenue grew 226.6% on a year-over-year basis.

Shares of this stock have risen 178% and recently gained support following a dip forming a "bullish cup and handle" formation making it a strong growth play.

Entry Point: $30.75

Trading Range: $5.51 - $36.46

Stop Loss: $29.25

Target Price: $33.80

Position closed on 10/12/2021 at price of $30.50 with a -0.81% loss in 28 days.

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