Commonwealth Equity Services LLC Raises Stock Holdings in Navios Maritime Partners L.P. (NYSE:NMM)

Commonwealth Equity Services LLC grew its stake in Navios Maritime Partners L.P. (NYSE:NMM) by 38.3% during the 4th quarter, Holdings Channel reports. The fund owned 160,834 shares of the shipping company’s stock after acquiring an additional 44,576 shares during the period. Commonwealth Equity Services LLC’s holdings in Navios Maritime Partners were worth $6,963,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NMM. Integrated Investment Consultants LLC purchased a new stake in shares of Navios Maritime Partners in the third quarter valued at $4,208,000. ING Groep NV lifted its position in shares of Navios Maritime Partners by 446.2% in the fourth quarter. ING Groep NV now owns 71,000 shares of the shipping company’s stock valued at $3,074,000 after acquiring an additional 58,000 shares in the last quarter. Walleye Capital LLC lifted its position in Navios Maritime Partners by 4,002.4% during the third quarter. Walleye Capital LLC now owns 35,512 shares of the shipping company’s stock worth $2,224,000 after buying an additional 36,422 shares during the period. Corsair Capital Management L.P. acquired a new stake in Navios Maritime Partners in the 3rd quarter worth about $1,000,000. Finally, Proficio Capital Partners LLC purchased a new stake in Navios Maritime Partners in the 4th quarter valued at about $656,000. 62.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Navios Maritime Partners Trading Up 1.6 %

NMM stock opened at $40.74 on Friday. Navios Maritime Partners L.P. has a 52 week low of $37.75 and a 52 week high of $65.89. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 3.40 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. The business has a fifty day simple moving average of $42.23 and a 200-day simple moving average of $48.93.

Navios Maritime Partners (NYSE:NMM) last issued its earnings results 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). Navios Maritime Partners had a net margin of 27.53% and a return on equity of 11.64%. The firm had revenue of $302.99 million during the quarter, compared to analyst estimates of $340.83 million. On average, equities research analysts expect that Navios Maritime Partners L.P. will post 12.64 EPS for the current year.

Navios Maritime Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.49%. 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.