ING Groep NV Buys 58,000 Shares of Navios Maritime Partners L.P. (NYSE:NMM)

ING Groep NV increased its position in shares of Navios Maritime Partners L.P. (NYSE:NMM - Free Report) by 446.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 71,000 shares of the shipping company's stock after buying an additional 58,000 shares during the quarter. ING Groep NV owned about 0.24% of Navios Maritime Partners worth $3,074,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NMM. Integrated Investment Consultants LLC acquired a new position in shares of Navios Maritime Partners during the third quarter worth approximately $4,208,000. Walleye Capital LLC raised its holdings in Navios Maritime Partners by 4,002.4% during the third quarter. Walleye Capital LLC now owns 35,512 shares of the shipping company's stock worth $2,224,000 after buying an additional 36,422 shares during the last quarter. Corsair Capital Management L.P. bought a new position in shares of Navios Maritime Partners in the third quarter valued at $1,000,000. Consolidated Portfolio Review Corp acquired a new position in shares of Navios Maritime Partners during the third quarter valued at about $935,000. Finally, Main Street Financial Solutions LLC increased its position in shares of Navios Maritime Partners by 1.6% during the third quarter. Main Street Financial Solutions LLC now owns 762,929 shares of the shipping company's stock worth $47,782,000 after acquiring an additional 12,094 shares in the last quarter. Institutional investors own 62.74% of the company's stock.

Navios Maritime Partners Stock Up 0.4 %

NYSE:NMM traded up $0.16 during trading hours on Wednesday, hitting $42.65. 69,398 shares of the company traded hands, compared to its average volume of 123,186. Navios Maritime Partners L.P. has a one year low of $32.82 and a one year high of $65.89. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.59. The company has a market cap of $1.28 billion, a PE ratio of 3.56 and a beta of 1.93. The firm's 50-day simple moving average is $43.59 and its 200-day simple moving average is $50.11.

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Navios Maritime Partners (NYSE:NMM - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The shipping company reported $2.61 earnings per share for the quarter, missing the consensus estimate of $4.54 by ($1.93). The firm had revenue of $302.99 million for the quarter, compared to analysts' expectations of $340.83 million. Navios Maritime Partners had a return on equity of 11.64% and a net margin of 27.53%. Equities analysts predict that Navios Maritime Partners L.P. will post 12.64 earnings per share for the current year.

Navios Maritime Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, February 10th. Navios Maritime Partners's dividend payout ratio is presently 1.67%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Navios Maritime Partners from a "buy" rating to a "hold" rating in a report on Friday, February 21st.

Navios Maritime Partners Profile

Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. The company offers seaborne transportation services for a range of liquid and dry cargo commodities, including crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers, as well as charters its vessels under short, medium, and longer-term charters.