Counterpoint Mutual Funds LLC Purchases Shares of 10,453 Navios Maritime Partners LP $NMM

Key Points

• Counterpoint Mutual Funds LLC acquired 10,453 shares of Navios Maritime Partners LP valued at approximately $394,000 in the second quarter.
• Navios Maritime Partners reported $2.15 earnings per share for the last quarter, exceeding analysts' expectations of $1.74, with revenue down 4.3% year-over-year.
• The firm announced a quarterly dividend of $0.05 per share, representing an annualized yield of 0.4%.

Counterpoint Mutual Funds LLC acquired a new position in shares of Navios Maritime Partners LP (NYSE:NMM - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,453 shares of the shipping company's stock, valued at approximately $394,000.

Several other large investors have also made changes to their positions in the company. Mraz Amerine & Associates Inc. boosted its holdings in Navios Maritime Partners by 1.4% in the first quarter. Mraz Amerine & Associates Inc. now owns 33,145 shares of the shipping company's stock valued at $1,289,000 after acquiring an additional 451 shares during the last quarter. Live Oak Investment Partners grew its holdings in shares of Navios Maritime Partners by 2.0% during the 1st quarter. Live Oak Investment Partners now owns 28,162 shares of the shipping company's stock worth $1,105,000 after purchasing an additional 552 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of 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 during the period. State of Wyoming acquired a new stake in Navios Maritime Partners during the 1st quarter worth approximately $157,000. Finally, Moors & Cabot Inc. raised its holdings in Navios Maritime Partners by 9.5% in the first quarter. Moors & Cabot Inc. now owns 83,281 shares of the shipping company's stock valued at $3,266,000 after buying an additional 7,250 shares during the period. 62.74% of the stock is owned by hedge funds and other institutional investors.

Navios Maritime Partners Stock Performance

NYSE:NMM opened at $48.34 on Wednesday. The firm's fifty day simple moving average is $45.17 and its 200 day simple moving average is $40.16. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 4.82 and a beta of 1.56. Navios Maritime Partners LP has a twelve month low of $28.37 and a twelve month high of $65.89. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.61.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last posted its earnings results on Thursday, August 21st. The shipping company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.41. The business had revenue of $327.56 million during the quarter, compared to analyst estimates of $309.58 million. Navios Maritime Partners had a return on equity of 9.24% and a net margin of 23.31%.The company's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.06 earnings per share. As a group, equities research analysts expect that Navios Maritime Partners LP will post 12.64 earnings per share for the current fiscal year.

Navios Maritime Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, August 11th. Navios Maritime Partners's dividend payout ratio (DPR) is 1.99%.

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.

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