Research Reports Coverage on Shipping Stocks -- Costamare, Navios Maritime, Gener8 Maritime, and Capital Product Partners
NEW YORK, May 12, 2017 /PRNewswire/ --
Companies in the Shipping sector, transport commodities, merchandise, and cargo by sea. They also own and operate vessels and offshore-related assets. Their dividends tend to be volatile, and, as a result, they usually offer higher-than-average dividend yields. Pre-market, Stock-Callers.com presents for evaluation these four stocks: Costamare Inc. (NYSE: CMRE), Navios Maritime Partners L.P. (NYSE: NMM), Gener8 Maritime Inc. (NYSE: GNRT), and Capital Product Partners L.P. (NASDAQ: CPLP). These stocks research reports can be downloaded now by simply registering for free at:
http://stock-callers.com/registration
Costamare
Monaco-based Costamare Inc.'s stock finished Thursday's session 3.07% lower at $7.58 with a total trading volume of 357,579 shares. Over the last month and the previous three months, the Company's shares have advanced 11.94% and 46.48%, respectively. Additionally, the stock has gained 39.60% since the start of this year. Shares of the Company are trading above their 50-day and 200-day moving averages by 14.45% and 9.96%, respectively. Moreover, shares of Costamare, which owns and charters containerships to liner companies worldwide, have a Relative Strength Index (RSI) of 58.46.
On May 01st, 2017, research firm Credit Suisse upgraded the Company's stock rating from 'Underperform' to 'Neutral'. Your complete research report on CMRE can be retrieved for free at:
http://stock-callers.com/registration/?symbol=CMRE
Navios Maritime
Shares in Monaco-based Navios Maritime Partners L.P. declined 3.43%, ending yesterday's session at $1.69 with a total trading volume of 724,210 shares. The stock has gained 4.32% in the previous three months and 19.86% on an YTD basis. The Company's shares are trading 1.51% above their 200-day moving average. Moreover, shares of Navios Maritime Partners, which owns and operates container and dry bulk vessels in Asia, Europe, North America, and Australia, have an RSI of 33.96.
On May 10th, 2017, Navios Maritime Partners announced that the Company plans to transfer to its affiliate, Navios Maritime Containers Inc. ("NMCI"), the 14-vessel container fleet (the "Fleet") that the former agreed to acquire from Rickmers Maritime. It is expected that Navios Partners will transfer the Fleet to NMCI at Navios Partners' cost plus $5.0 million and invest $30.0 million in return for equity. A free report on NMM is just a click away at:
http://stock-callers.com/registration/?symbol=NMM
Gener8 Maritime
On Thursday, New York-based Gener8 Maritime Inc.'s stock saw a decline of 1.45%, to close the day at $5.45. A total volume of 508,114 shares was traded. The Company's shares have advanced 11.22% in the previous three months and 21.65% on an YTD basis. The stock is trading 1.76% and 10.06% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Gener8 Maritime, which engages in the transportation of international seaborne crude oil and petroleum products, have an RSI of 53.82.
On May 09th, 2017, Gener8 Maritime announced its financial results for the three months ended March 31st, 2017. Recorded net income for Q1 2017 was $26.9 million, adjusted net income was $38.5 million, adjusted EBITDA was $86.0 million, net voyage revenue was $121.1 million, and net interest expense was $20.1 million. In addition, the Company's cash balance was $143.4 million, as of March 31st, 2017. Sign up for your complimentary research report on GNRT at:
http://stock-callers.com/registration/?symbol=GNRT
Capital Product Partners
Shares in Piraeus, Greece headquartered Capital Product Partners L.P. ended the day 2.31% lower at $3.39. A total volume of 580,676 shares was traded, which was above their three months average volume of 481,670 shares. The stock has gained 0.84% in the previous three months and 11.50% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 1.76% and 6.90%, respectively. Furthermore, shares of Capital Product Partners, which provides marine transportation services in Greece, have an RSI of 51.96.
On April 20th, 2017, Capital Product Partners announced that its board of directors has declared a cash distribution of $0.08 per common unit for the first quarter ended March 31st, 2017. The first-quarter common unit cash distribution will be paid on May 12th, 2017, to common unit-holders of record on May 05th, 2017. Register for free on Stock-Callers.com and download the latest research report on CPLP at:
http://stock-callers.com/registration/?symbol=CPLP
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