17,762 Shares in Navios Maritime Partners L.P. (NYSE:NMM) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC bought a new stake in Navios Maritime Partners L.P. (NYSE:NMM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,762 shares of the shipping company's stock, valued at approximately $769,000. Cubist Systematic Strategies LLC owned 0.06% of Navios Maritime Partners at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Merrion Investment Management Co LLC lifted its position in Navios Maritime Partners by 56.9% in the fourth quarter. Merrion Investment Management Co LLC now owns 10,040 shares of the shipping company's stock worth $435,000 after purchasing an additional 3,640 shares during the period. Mraz Amerine & Associates Inc. lifted its holdings 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 valued at $1,415,000 after buying an additional 2,798 shares during the period. ING Groep NV boosted its stake in Navios Maritime Partners by 446.2% during the fourth quarter. ING Groep NV now owns 71,000 shares of the shipping company's stock valued at $3,074,000 after buying an additional 58,000 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Navios Maritime Partners during the fourth quarter worth about $656,000. Finally, Raymond James Financial Inc. acquired a new stake in Navios Maritime Partners in the 4th quarter valued at about $219,000. Institutional investors own 62.74% of the company's stock.

Navios Maritime Partners Stock Up 0.3%

Shares of Navios Maritime Partners stock traded up $0.13 on Tuesday, hitting $40.36. 6,757 shares of the company traded hands, compared to its average volume of 167,575. The company has a market cap of $1.20 billion, a PE ratio of 3.37 and a beta of 1.31. The company has a 50-day moving average price of $36.09 and a 200 day moving average price of $42.02. 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 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 results on Wednesday, May 7th. The shipping company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.04). The company had revenue of $274.10 million during the quarter, compared to analyst estimates of $254.00 million. Navios Maritime Partners had a return on equity of 11.64% and a net margin of 27.53%. The business's revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.32 earnings per share. Sell-side 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 business also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Friday, May 9th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.50%. The ex-dividend date was Friday, May 9th. Navios Maritime Partners's payout ratio is 1.82%.

Analyst Upgrades and Downgrades

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

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.