Navios Maritime Holdings Inc. (NM) - NYSE
  • Jul. 10, 2015, 5:40 PM
    | Jul. 10, 2015, 5:40 PM | 7 Comments
  • Jul. 10, 2015, 10:33 AM
    • Notable movers in the shipping sector include DryShips (DRYS +3.1%), Danaois (DAC +5.6%), and Paragon Shipping (PRGN +1.6%).
    • Some names in the volatile sector has been trading off of developments in Greece even with many of the Greece-based companies deriving nearly all their revenue outside the nation.
    • On a broader look, the Baltic Dry Index is +21 to 874. The breakdown shows the Cape index is 1279 with a spot price of 9612 vs. 11,149 a year ago, the Panamax index is 1052 with a spot price of  8380 vs. 5432 a year ago, and the Supramax index is 767 with a spot price of 8021 vs. 7099 a year ago.
    • The Baltic Tanker Clean Index is 837 vs. 521 a year ago and the Baltic Dirty Index is 857 vs. 786 a year ago.
    • The Guggenheim Shipping ETF (NYSEARCA:SEA) is +1.43% on the day and -4.12% YTD.
    • Related stocks: TNK, EURN, TGP, NMM, SSW, SFL, TK, SMM, TOO, GMLP, DHT, NM, MATX, NAT, FREE, DSX, SB, FRO.
    | Jul. 10, 2015, 10:33 AM | 12 Comments
  • Jun. 18, 2015, 10:21 AM
    • Shipping stocks are active on a sustained jump in the Dry Baltic Index.
    • The index is up 6.5% on the day and has now rallied over 25% since late May.
    • Prices for the Cape, Panamax, and Supramax categories of vessels are all higher.
    • Stocks on the move include Diana Shipping (DSX +4.5%), Golden Ocean Group (GOGL +4.1%), DryShips (DRYS +2.5%), Frontline (FRO +1.9%), Navios Maritime Holdings (NM +2.2%), Star Bulk Carriers (SBLK +1.9%), Matson (MATX +2.1%), Euronav (EURN +1.4%), Navios Maritume Acquisition (NNA +2.6%), Nordic American Tankers (NAT +1.1%).
    | Jun. 18, 2015, 10:21 AM | 17 Comments
  • May 28, 2015, 2:41 PM
    • Navios Maritime Midstream (NAP +5.6%) is higher after announcing plans to launch the syndication of a $205M term loan B to finance the acquisition of two vessels from Navios Maritime Acquisition (NNA +0.2%) and the refinance existing debt.
    • NAP projects FY 2015 EBITDA, based on its current fleet of four VLCCs, at $53.1M, but pro forma EBITDA for a fleet of six VLCCs following the acquisitions is seen at $76.2M.
    • Also: NM -1.6%, NMM -0.3%.
    | May 28, 2015, 2:41 PM | 10 Comments
  • May 21, 2015, 7:50 AM
    • Navios Maritime Holdings (NYSE:NM) declares $0.06/share quarterly dividend, in line with previous.
    • Forward yield 6.8%
    • Payable June 26; for shareholders of record June 18; ex-div June 16.
    | May 21, 2015, 7:50 AM | 1 Comment
  • May 21, 2015, 7:47 AM
    • Navios Maritime Holdings (NYSE:NM): Q1 EPS of -$0.29 beats by $0.10.
    • Revenue of $118.3M (-3.2% Y/Y) misses by $0.63M.
    | May 21, 2015, 7:47 AM
  • May 20, 2015, 5:30 PM
  • May 9, 2015, 11:27 AM
    • The broadly-defined shipping sector continues to be volatile over the impact of oil price fluctuations and concerns over carrier/tanker supply along with charter rates.
    • The Baltic Dry Index stands at 574 vs. a 52-week trading range of 509 to 1,484.
    • The Guggenheim Shipping ETF (NYSEARCA:SEA) is down 9.4% over the last 52 weeks, although it trades with smoother peaks and troughs than the underlying stocks in the fund.
    • Analysts are convinced that some value picks exist in the sector, although consensus is tricky to find. A few rough screens are listed below (add your own in the comments).
    • Best YTD performance: Navios Maritime (NYSE:NAP) +37%, Scorpio Bulkers (NYSE:SALT) +35%, Tsakos Energy (NYSE:TNP) +31%, Golar LNG (NASDAQ:GLNG) +28%.
    • Lowest price-to book value: DryShips (NASDAQ:DRYS) 0.14,  Safe Bulkers (NASDAQ:SBLK) 0.32, Scorpio Bulkers 0.33, Navios Maritime Holdings (NYSE:NM) 0.34, GasLog (NYSE:GLOG) 0.39.
    • Lowest forward P/E ratio: Danaos (NYSE:DAC) 4.43, Tsakos Energy 7.15, Navios Maritime Acquisition (NYSE:NNA) 7.25, Dorian (NYSE:LPG) 7.43, Dry Ships 7.57.
    • Dividend yield: Navios Maritime Partners (NYSE:NMM) 15.2%, Capital Product Partners (NASDAQ:CPLP) 10.8%, Ship Finance International (NYSE:SFL) 10.8%, Teekay Offshore Partners (NYSE:TOO) 9.7%, Dynagas LNG Partners (NYSE:DLNG) 8.8%.
    • Other shipping stocks: PRGN, FRO, NAT, OSK, TNK, FREE, ESEA, TOPS, DSX, SHIP, NM.
    | May 9, 2015, 11:27 AM | 43 Comments
  • Apr. 8, 2015, 2:49 PM
    • Stifel Nicolaus calls out a bottom on shipping stocks on its view charter rates will increase.
    • The investment firm has Buy ratings on Diana Shipping (DSX -0.2%), Star Bulk Carriers (SBLK +0.5%), Navios Maritime Holdings (NM), and Scorpio Bulkers (SALT -6.3%).
    • The Dry Baltic Index sits at 583 vs the 52-week range of 509 to 1,484 (chart).
    | Apr. 8, 2015, 2:49 PM | 8 Comments
  • Mar. 25, 2015, 5:38 PM
    • Top gainers, as of 5:15 p.m.: FRED +12.0%. WTW +6.4%. SALT +5.1%. FIVE +4.3%GSAT +4.1%
    • Top losers, as of 5:15 p.m.: NM -11.1%. SCMP -10.5%. TTI -5.4%. ANTH -5.3%. IPI -3%.
    | Mar. 25, 2015, 5:38 PM | 1 Comment
  • Mar. 24, 2015, 11:28 AM
    • ABN AMRO hones in on the shipping sector with a fresh round of initiations.
    • Star Bulk (SBLK -0.8%) is started off with a Sell rating, along with DryShips (DRYS +0.3%) and Diana Shipping (DSX -2.3%).
    • The Dutch investment firm isn't as bearish on Navios Maritime Holdings (NM -2%) which lands a Hold rating and $4.50 price target (slight upside).
    • The Baltic Dry Index is inching higher this week, but is off 24% YTD and 63% over the last 52 weeks.
    | Mar. 24, 2015, 11:28 AM | 8 Comments
  • Feb. 19, 2015, 7:37 AM
    • Navios Maritime Holdings (NYSE:NM): Q4 EPS of -$0.22 misses by $0.02.
    • Revenue of $148.83M (+14.0% Y/Y) beats by $24.33M.
    | Feb. 19, 2015, 7:37 AM
  • Feb. 18, 2015, 5:30 PM
    | Feb. 18, 2015, 5:30 PM | 7 Comments
  • Jan. 30, 2015, 2:58 PM
    • The Baltic Dry Index falls another 3.8% and is now trading at its lowest levels since the 1980s, even as traded volumes of many commodities are reaching record levels.
    • The dry-bulk market has been sunk by a perfect storm as new ships ordered after the financial crisis have hit the seas just as Chinese economic growth has slowed and commodity prices have turned lower.
    • Earnings for a capesize vessel typically used to transport coal and iron ore have fallen to $6,707/day today, down ~50% Y/Y and hardly enough to cover daily operating expenses of $6K-$10K.
    • As one analyst says, some of the share prices are starting to reflect almost a state of bankruptcy: Shares of Scorpio Bulkers (NYSE:SALT), for one, have plunged 85% in the past year, and Star Bulk Carriers (NASDAQ:SBLK) has shed 67% in the same period.
    • Related tickers: FREE, EGLE, SB, DRYS, NM, SHIP, ESEA, PRGN, DCIX, GSL, NMM, DSX, DAC, KEX, ULTR, BALT, SINO.
    | Jan. 30, 2015, 2:58 PM | 21 Comments
  • Nov. 24, 2014, 9:12 AM
    • Navios Maritime Holdings (NYSE:NM) reports revenue from drybulk operations rose 1.38% to $73.5M, mainly attributable to a net increase in available days for company's fleet by 372 days.
    • Revenue from logistics business increased 58.84% to $79.1M.
    • FLEET UPDATE: The fleet utilization rate was 99.9% during the quarter. TCE declined by 4.43% to $11,550 per day.
    • Net Debt to Total Capitalization improved by 8.0% to 47.7%,
    • Q3 results
       
    | Nov. 24, 2014, 9:12 AM
  • Nov. 24, 2014, 7:42 AM
    • Navios Maritime Holdings (NYSE:NM): Q3 EPS of -$0.20 misses by $0.05.
    • Revenue of $152.59M (+24.8% Y/Y) beats by $24.67M.
    | Nov. 24, 2014, 7:42 AM | 1 Comment
Company Description
Navios Maritime Holdings, Inc. is an integrated seaborne shipping and logistics company, which focuses on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. It operates through the Drybulk Vessel Operations and Logistics Business segments. The Drybulk... More
Sector: Services
Industry: Shipping
Country: United States