Greece's Navios Maritime Partners (NMM) is undervalued following debt repayments, Jefferies has said.
The New York-listed bulker and boxship company posted a net loss to 31 March of $9.52m, from a profit of $5.47m a year ago.
It was hit by a $7.3m impairment from disposing of the 74,000-dwt Navios Galaxy I (built 2001).
