Proficio Capital Partners LLC Buys Shares of 15,152 Navios Maritime Partners L.P. (NYSE:NMM)

Proficio Capital Partners LLC acquired a new position in Navios Maritime Partners L.P. (NYSE:NMM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,152 shares of the shipping company's stock, valued at approximately $656,000. Proficio Capital Partners LLC owned about 0.05% of Navios Maritime Partners as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its stake in shares of Navios Maritime Partners by 21.8% in the third quarter. BNP Paribas Financial Markets now owns 2,149 shares of the shipping company's stock worth $135,000 after buying an additional 384 shares during the last quarter. Pekin Hardy Strauss Inc. grew its holdings in Navios Maritime Partners by 3.2% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 27,825 shares of the shipping company's stock valued at $1,743,000 after buying an additional 875 shares in the last quarter. Mraz Amerine & Associates Inc. increased its holdings in shares of 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 worth $1,415,000 after buying an additional 2,798 shares during the last quarter. Merrion Investment Management Co LLC lifted its stake in shares of 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 purchasing an additional 3,640 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Navios Maritime Partners in the 3rd quarter valued at approximately $511,000. 62.74% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

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

Navios Maritime Partners Price Performance

Shares of NYSE:NMM traded down $0.40 on Thursday, reaching $39.19. 58,375 shares of the company were exchanged, compared to its average volume of 107,505. Navios Maritime Partners L.P. has a 1-year low of $37.75 and a 1-year high of $65.89. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.59. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 3.27 and a beta of 1.87. The company has a 50-day moving average of $41.81 and a 200-day moving average of $48.59.

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 for the quarter, missing analysts' consensus estimates of $4.54 by ($1.93). The firm had revenue of $302.99 million during the quarter, compared to analyst estimates of $340.83 million. Navios Maritime Partners had a net margin of 27.53% and a return on equity of 11.64%. Equities analysts forecast that Navios Maritime Partners L.P. will post 12.64 earnings per share for the current fiscal year.

Navios Maritime Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 annualized dividend and a yield of 0.51%. Navios Maritime Partners's dividend payout ratio is currently 1.67%.

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.