Cubist Systematic Strategies LLC Takes Position in Navios Maritime Partners L.P. (NYSE:NMM)

Cubist Systematic Strategies LLC acquired a new position in shares of Navios Maritime Partners L.P. (NYSE:NMM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,762 shares of the shipping company's stock, valued at approximately $769,000. Cubist Systematic Strategies LLC owned approximately 0.06% of Navios Maritime Partners as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings in Navios Maritime Partners by 108.1% during the 4th quarter. BNP Paribas Financial Markets now owns 4,473 shares of the shipping company's stock worth $194,000 after purchasing an additional 2,324 shares in the last quarter. LPL Financial LLC purchased a new stake in Navios Maritime Partners during the 4th quarter worth about $204,000. Raymond James Financial Inc. purchased a new stake in Navios Maritime Partners during the 4th quarter worth about $219,000. First Trust Advisors LP lifted its holdings in Navios Maritime Partners by 23.7% during the 4th quarter. First Trust Advisors LP now owns 5,325 shares of the shipping company's stock worth $231,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Merrion Investment Management Co LLC lifted its holdings in Navios Maritime Partners by 56.9% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 62.74% of the company's stock.

Navios Maritime Partners Price Performance

Shares of NYSE NMM opened at $40.25 on Thursday. The firm has a market capitalization of $1.20 billion, a P/E ratio of 3.36 and a beta of 1.31. 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 stock's 50-day simple moving average is $36.00 and its two-hundred day simple moving average is $42.48. Navios Maritime Partners L.P. has a twelve month low of $28.37 and a twelve month high of $65.89.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last announced its earnings results on Wednesday, May 7th. The shipping company reported $1.58 earnings per share for the quarter, missing analysts' consensus estimates of $1.62 by ($0.04). The business had revenue of $274.10 million during the quarter, compared to the consensus estimate of $254.00 million. Navios Maritime Partners had a return on equity of 11.64% and a net margin of 27.53%. Navios Maritime Partners's revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.32 earnings per share. As a group, equities analysts anticipate that Navios Maritime Partners L.P. will post 12.64 EPS for the current fiscal year.

Navios Maritime Partners Dividend Announcement

The firm 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. The ex-dividend date was Friday, May 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.50%. Navios Maritime Partners's dividend payout ratio is currently 1.82%.

Analyst Ratings Changes

Separately, StockNews.com raised Navios Maritime Partners from a "hold" rating to a "buy" rating in a 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.

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