Proficio Capital Partners LLC Buys New Stake in Navios Maritime Partners L.P. (NYSE:NMM)

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

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in Navios Maritime Partners by 21.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,149 shares of the shipping company's stock worth $135,000 after purchasing an additional 384 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Navios Maritime Partners during the third quarter valued at approximately $511,000. Merrion Investment Management Co LLC lifted its position in 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 acquiring an additional 3,640 shares in the last quarter. Corsair Capital Management L.P. bought a new stake in shares of Navios Maritime Partners in the 3rd quarter worth $1,000,000. Finally, Pekin Hardy Strauss Inc. lifted its holdings in shares of Navios Maritime Partners by 3.2% during the third quarter. Pekin Hardy Strauss Inc. now owns 27,825 shares of the shipping company's stock valued at $1,743,000 after purchasing an additional 875 shares in the last quarter. Hedge funds and other institutional investors own 62.74% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Navios Maritime Partners from a "hold" rating to a "buy" rating in a research note on Thursday.

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Navios Maritime Partners Price Performance

NYSE NMM traded down $0.38 on Thursday, reaching $39.33. The company had a trading volume of 45,895 shares, compared to its average volume of 162,481. The firm's 50 day moving average price is $42.85 and its 200 day moving average price is $49.43. Navios Maritime Partners L.P. has a 12 month low of $37.75 and a 12 month high of $65.89. The stock has a market capitalization of $1.18 billion, a PE ratio of 3.28 and a beta of 1.87. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.59.

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 for the quarter, compared to the consensus estimate of $340.83 million. Navios Maritime Partners had a net margin of 27.53% and a return on equity of 11.64%. As a group, equities analysts predict that Navios Maritime Partners L.P. will post 12.64 earnings per share for the current year.

Navios Maritime Partners Dividend Announcement

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

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.