Walleye Capital LLC Reduces Stock Position in Navios Maritime Partners L.P. (NYSE:NMM)

Walleye Capital LLC reduced its position in Navios Maritime Partners L.P. (NYSE:NMM - Free Report) by 74.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,129 shares of the shipping company's stock after selling 26,383 shares during the period. Walleye Capital LLC's holdings in Navios Maritime Partners were worth $395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its position in Navios Maritime Partners by 38.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 160,834 shares of the shipping company's stock worth $6,963,000 after purchasing an additional 44,576 shares during the last quarter. Moors & Cabot Inc. grew its position in Navios Maritime Partners by 2.6% during the fourth quarter. Moors & Cabot Inc. now owns 76,031 shares of the shipping company's stock valued at $3,291,000 after buying an additional 1,901 shares during the period. ING Groep NV increased its holdings in Navios Maritime Partners by 446.2% during the fourth quarter. ING Groep NV now owns 71,000 shares of the shipping company's stock valued at $3,074,000 after buying an additional 58,000 shares during the last quarter. Mraz Amerine & Associates Inc. raised its position in Navios Maritime Partners by 9.4% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 32,694 shares of the shipping company's stock worth $1,415,000 after acquiring an additional 2,798 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Navios Maritime Partners by 14,685.5% during the 4th quarter. JPMorgan Chase & Co. now owns 16,264 shares of the shipping company's stock worth $704,000 after acquiring an additional 16,154 shares during the last quarter. Institutional investors own 62.74% of the company's stock.

Navios Maritime Partners Stock Performance

Navios Maritime Partners stock traded up $0.10 during midday trading on Friday, hitting $34.35. The stock had a trading volume of 70,833 shares, compared to its average volume of 174,051. Navios Maritime Partners L.P. has a 52-week low of $28.37 and a 52-week high of $65.89. The company has a market capitalization of $1.02 billion, a PE ratio of 2.86 and a beta of 1.65. The firm's fifty day moving average is $37.42 and its two-hundred day moving average is $44.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.59.

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

Navios Maritime Partners Announces Dividend

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

Analyst Ratings Changes

Separately, StockNews.com raised Navios Maritime Partners from a "hold" rating to a "buy" rating in a report 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.