Jump Financial LLC Cuts Stake in Navios Maritime Partners L.P. (NYSE:NMM)

Jump Financial LLC lowered its position in Navios Maritime Partners L.P. (NYSE:NMM - Free Report) by 41.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,812 shares of the shipping company's stock after selling 13,320 shares during the quarter. Jump Financial LLC owned about 0.06% of Navios Maritime Partners worth $814,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NMM. Virtu Financial LLC bought a new stake in shares of Navios Maritime Partners in the third quarter valued at approximately $511,000. Merrion Investment Management Co LLC grew its stake in Navios Maritime Partners by 56.9% in the 4th quarter. Merrion Investment Management Co LLC now owns 10,040 shares of the shipping company's stock valued at $435,000 after buying an additional 3,640 shares in the last quarter. Mraz Amerine & Associates Inc. raised its holdings in Navios Maritime Partners by 9.4% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 32,694 shares of the shipping company's stock valued at $1,415,000 after acquiring an additional 2,798 shares during the period. ING Groep NV lifted its position in shares of Navios Maritime Partners by 446.2% during the fourth quarter. ING Groep NV now owns 71,000 shares of the shipping company's stock worth $3,074,000 after acquiring an additional 58,000 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Navios Maritime Partners in the fourth quarter worth $656,000. 62.74% of the stock is currently owned by institutional investors.

Navios Maritime Partners Price Performance

Navios Maritime Partners stock traded up $0.10 during midday trading on Friday, reaching $34.35. 70,833 shares of the stock were exchanged, compared to its average volume of 173,862. The company's fifty day moving average is $37.63 and its 200-day moving average is $44.70. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.13 and a current ratio of 1.13. Navios Maritime Partners L.P. has a 52 week low of $28.37 and a 52 week high of $65.89. The firm has a market cap of $1.02 billion, a PE ratio of 2.86 and a beta of 1.65.

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

Navios Maritime Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Monday, February 10th. Navios Maritime Partners's dividend payout ratio is currently 1.67%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Navios Maritime Partners from a "hold" rating to a "buy" rating in a research note on Thursday, March 13th.

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.