5 Cheap Growth Stocks to Buy

4. Navios Maritime Partners L.P. (NYSE:NMM)

Latest P/E Ratio: 1.32

Navios Maritime Partners L.P. (NYSE:NMM) is a marine shipping company that is headquartered in Monaco. The firm ships a variety of products such as crude oil, coal, grain, and other commodities.

Navios Maritime Partners L.P. (NYSE:NMM)’s fortunes have soared since 2019. Back then, its revenue was $219 million and managed to grow to $713 million by 2021 end. Building on this, the revenue touched $1.2 billion in 2022. As of December 2022, six of the 943 hedge funds profiled by Insider Monkey had invested in Navios Maritime Partners L.P. (NYSE:NMM).

Vadim Rubinchik’s Brightlight Capital is Navios Maritime Partners L.P. (NYSE:NMM)’s largest investor. It owns 373,800 shares that are worth $9.7 million.

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