Navios Maritime Midstream Partners (ticker symbol: NAP) traded down this morning on the Nasdaq after pricing 21% below the bottom rung of its $19 to $21 price range.
Having priced at $15, the stock opened at $13.20 and went as low as $12.90 before recovering to the $13.50 range. At the low point, investor yield stood north of 12% based on an initial distribution, or dividend, of $1.65
