Consolidated Portfolio Review Corp Acquires Shares of 14,934 Navios Maritime Partners L.P. (NYSE:NMM)

Consolidated Portfolio Review Corp bought a new position in Navios Maritime Partners L.P. (NYSE:NMM - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 14,934 shares of the shipping company's stock, valued at approximately $935,000.

A number of other hedge funds also recently bought and sold shares of NMM. Ieq Capital LLC purchased a new stake in Navios Maritime Partners during the second quarter valued at about $2,064,000. Acadian Asset Management LLC purchased a new stake in Navios Maritime Partners during the 1st quarter valued at about $555,000. Sei Investments Co. grew its position in Navios Maritime Partners by 748.2% during the 2nd quarter. Sei Investments Co. now owns 55,109 shares of the shipping company's stock worth $2,812,000 after acquiring an additional 48,612 shares during the last quarter. Pekin Hardy Strauss Inc. purchased a new position in Navios Maritime Partners in the 2nd quarter worth approximately $1,375,000. Finally, BNP Paribas Financial Markets lifted its position in Navios Maritime Partners by 30,700.0% in the first quarter. BNP Paribas Financial Markets now owns 1,232 shares of the shipping company's stock valued at $53,000 after purchasing an additional 1,228 shares during the last quarter. Institutional investors own 62.74% of the company's stock.

Navios Maritime Partners Trading Up 0.1 %

Shares of NMM stock traded up $0.04 during trading hours on Friday, reaching $57.51. The company's stock had a trading volume of 83,797 shares, compared to its average volume of 177,879. 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 L.P. has a one year low of $21.18 and a one year high of $65.89. The stock has a market capitalization of $1.74 billion, a P/E ratio of 4.34 and a beta of 1.97. The firm's fifty day simple moving average is $57.03 and its 200 day simple moving average is $50.81.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last released its quarterly earnings results on Tuesday, August 20th. The shipping company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.22. Navios Maritime Partners had a net margin of 30.28% and a return on equity of 13.63%. The business had revenue of $342.20 million for the quarter, compared to analysts' expectations of $312.39 million. During the same quarter in the previous year, the business posted $3.32 earnings per share. The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. Equities research analysts expect that Navios Maritime Partners L.P. will post 14.37 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Navios Maritime Partners from a "hold" rating to a "buy" rating in a report 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.

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.