Navios Maritime Partners L.P. (NYSE:NMM) Short Interest Up 60.9% in November

Navios Maritime Partners L.P. (NYSE:NMM - Get Free Report) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 299,200 shares, an increase of 60.9% from the October 31st total of 185,900 shares. Based on an average trading volume of 216,700 shares, the short-interest ratio is currently 1.4 days. Approximately 1.7% of the company's shares are short sold.

Navios Maritime Partners Trading Up 1.1 %

NYSE NMM traded up $0.53 on Friday, hitting $48.44. The company's stock had a trading volume of 57,038 shares, compared to its average volume of 182,916. The firm has a market cap of $1.45 billion, a P/E ratio of 3.68 and a beta of 1.99. Navios Maritime Partners has a 52-week low of $24.79 and a 52-week high of $65.89. The company's 50-day simple moving average is $56.38 and its 200 day simple moving average is $52.16. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.49.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The shipping company reported $3.15 earnings per share for the quarter, missing the consensus estimate of $3.80 by ($0.65). Navios Maritime Partners had a net margin of 30.48% and a return on equity of 13.86%. The company had revenue of $340.84 million during the quarter, compared to the consensus estimate of $326.32 million. During the same quarter last year, the firm earned $2.68 EPS. The business's revenue was up 5.5% on a year-over-year basis. Research analysts predict that Navios Maritime Partners will post 12.37 EPS for the current fiscal year.

Navios Maritime Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 12th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Tuesday, November 12th. Navios Maritime Partners's payout ratio is currently 1.52%.

Institutional Trading of Navios Maritime Partners

Several institutional investors and hedge funds have recently bought and sold shares of NMM. Main Street Financial Solutions LLC grew its position in shares of Navios Maritime Partners by 1.6% in the 3rd quarter. Main Street Financial Solutions LLC now owns 762,929 shares of the shipping company's stock worth $47,782,000 after buying an additional 12,094 shares during the period. Commonwealth Equity Services LLC grew its holdings in Navios Maritime Partners by 1.7% in the second quarter. Commonwealth Equity Services LLC now owns 131,707 shares of the shipping company's stock worth $6,721,000 after purchasing an additional 2,169 shares during the period. Acadian Asset Management LLC increased its stake in shares of Navios Maritime Partners by 870.2% during the second quarter. Acadian Asset Management LLC now owns 126,709 shares of the shipping company's stock valued at $6,463,000 after purchasing an additional 113,649 shares in the last quarter. Moors & Cabot Inc. increased its stake in shares of Navios Maritime Partners by 4.0% during the third quarter. Moors & Cabot Inc. now owns 74,130 shares of the shipping company's stock valued at $4,643,000 after purchasing an additional 2,850 shares in the last quarter. Finally, Integrated Investment Consultants LLC bought a new stake in shares of Navios Maritime Partners in the 3rd quarter worth approximately $4,208,000. 62.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on NMM shares. StockNews.com raised shares of Navios Maritime Partners from a "hold" rating to a "buy" rating in a research note on Wednesday, August 21st. Jefferies Financial Group boosted their price objective on shares of Navios Maritime Partners from $65.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, September 19th.

About Navios Maritime Partners

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.