Sei Investments Co. Sells 22,530 Shares of Navios Maritime Partners L.P. (NYSE:NMM)

Sei Investments Co. reduced its stake in Navios Maritime Partners L.P. (NYSE:NMM - Free Report) by 71.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,113 shares of the shipping company's stock after selling 22,530 shares during the quarter. Sei Investments Co.'s holdings in Navios Maritime Partners were worth $395,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in NMM. BNP Paribas Financial Markets lifted 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 in the last quarter. Moors & Cabot Inc. lifted its position in Navios Maritime Partners by 2.6% in the 4th quarter. Moors & Cabot Inc. now owns 76,031 shares of the shipping company's stock valued at $3,291,000 after acquiring an additional 1,901 shares in the last quarter. Mraz Amerine & Associates Inc. raised its stake in shares of 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 worth $1,415,000 after purchasing an additional 2,798 shares during the last quarter. Merrion Investment Management Co LLC lifted its holdings in shares of Navios Maritime Partners by 56.9% during the fourth 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 in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Navios Maritime Partners during the fourth quarter valued at $219,000. Hedge funds and other institutional investors own 62.74% of the company's stock.

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Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Navios Maritime Partners from a "hold" rating to a "buy" rating in a research note on Thursday, March 13th.

Navios Maritime Partners Stock Performance

Shares of NYSE:NMM traded down $0.82 during midday trading on Tuesday, hitting $32.45. The company had a trading volume of 61,206 shares, compared to its average volume of 174,975. Navios Maritime Partners L.P. has a 12-month low of $28.37 and a 12-month high of $65.89. The company has a fifty day moving average of $39.38 and a two-hundred day moving average of $46.14. The company has a market cap of $963.57 million, a price-to-earnings ratio of 2.71 and a beta of 1.65. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.13 and a quick ratio of 1.13.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The shipping company reported $2.61 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 during the quarter, compared to analysts' expectations of $340.83 million. On average, equities research analysts expect that Navios Maritime Partners L.P. will post 12.64 EPS for the current fiscal year.

Navios Maritime Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a $0.05 dividend. The ex-dividend date was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.62%. Navios Maritime Partners's payout ratio is currently 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.