Commonwealth Equity Services LLC Acquires 44,576 Shares of Navios Maritime Partners L.P. (NYSE:NMM)

Commonwealth Equity Services LLC raised its holdings in Navios Maritime Partners L.P. (NYSE:NMM - Free Report) by 38.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 160,834 shares of the shipping company's stock after purchasing an additional 44,576 shares during the period. Commonwealth Equity Services LLC owned approximately 0.54% of Navios Maritime Partners worth $6,963,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Moors & Cabot Inc. lifted 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 worth $3,291,000 after purchasing an additional 1,901 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Navios Maritime Partners during the 4th quarter worth approximately $219,000. Proficio Capital Partners LLC acquired a new stake in shares of Navios Maritime Partners during the 4th quarter worth approximately $656,000. ING Groep NV boosted its position in shares of Navios Maritime Partners by 446.2% during the 4th 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, Mraz Amerine & Associates Inc. increased its stake 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 valued at $1,415,000 after acquiring an additional 2,798 shares during the last quarter. Institutional investors and hedge funds own 62.74% of the company's stock.

Remove Ads

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 Price Performance

NYSE NMM traded up $0.06 during trading on Monday, hitting $40.19. 76,678 shares of the company's stock were exchanged, compared to its average volume of 159,637. The company has a market cap of $1.20 billion, a PE ratio of 3.35 and a beta of 1.87. 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 L.P. has a fifty-two week low of $37.75 and a fifty-two week high of $65.89. The stock's 50 day moving average price is $42.12 and its two-hundred day moving average price is $48.79.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last released 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 company had revenue of $302.99 million for the quarter, compared to analyst estimates of $340.83 million. Research analysts expect that Navios Maritime Partners L.P. will post 12.64 EPS for the current year.

Navios Maritime Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Monday, February 10th. Navios Maritime Partners's dividend payout ratio (DPR) is 1.67%.

Navios Maritime Partners Company 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.