CWA Asset Management Group LLC acquired a new position in shares of Navios Maritime Midstream Partners LP (NYSE:NAP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,161 shares of the shipping company’s stock, valued at approximately $133,000. CWA Asset Management Group LLC owned about 0.14% of Navios Maritime Midstream Partners as of its most recent filing with the Securities and Exchange Commission (SEC).

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Navios Maritime Midstream Partners LP (NYSE NAP) traded down 0.9284% during midday trading on Wednesday, reaching $7.1926. The company’s stock had a trading volume of 42,389 shares. Navios Maritime Midstream Partners LP has a 1-year low of $6.55 and a 1-year high of $12.70. The firm has a market cap of $150.66 million, a price-to-earnings ratio of 8.6867 and a beta of 0.56. The company has a 50 day moving average price of $8.62 and a 200 day moving average price of $10.26.

Navios Maritime Midstream Partners (NYSE:NAP) last posted its quarterly earnings data on Wednesday, July 26th. The shipping company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.13). Navios Maritime Midstream Partners had a return on equity of 5.73% and a net margin of 18.41%. The business had revenue of $18.50 million for the quarter, compared to analyst estimates of $21.14 million. During the same quarter last year, the business earned $0.28 EPS. Navios Maritime Midstream Partners’s revenue for the quarter was down 18.5% compared to the same quarter last year. On average, equities research analysts expect that Navios Maritime Midstream Partners LP will post $0.76 EPS for the current year.

NAP has been the topic of a number of recent research reports. Zacks Investment Research raised Navios Maritime Midstream Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. ValuEngine downgraded Navios Maritime Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Bank of America Corporation downgraded Navios Maritime Midstream Partners from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $13.00 to $8.00 in a research report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Navios Maritime Midstream Partners has an average rating of “Hold” and an average price target of $10.33.

About Navios Maritime Midstream Partners

Navios Maritime Midstream Partners L.P. (Navios Midstream) is a holding company. The Company’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.

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Institutional Ownership by Quarter for Navios Maritime Midstream Partners (NYSE:NAP)

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