Moors & Cabot Inc. Buys 7,250 Shares of Navios Maritime Partners LP (NYSE:NMM)

Moors & Cabot Inc. boosted its position in shares of Navios Maritime Partners LP (NYSE:NMM - Free Report) by 9.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,281 shares of the shipping company's stock after acquiring an additional 7,250 shares during the period. Moors & Cabot Inc. owned approximately 0.28% of Navios Maritime Partners worth $3,266,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NMM. Raymond James Financial Inc. bought a new stake in Navios Maritime Partners in the 4th quarter valued at $219,000. LPL Financial LLC bought a new position in shares of Navios Maritime Partners during the 4th quarter worth about $204,000. JPMorgan Chase & Co. boosted its position in shares of Navios Maritime Partners by 14,685.5% during the 4th quarter. JPMorgan Chase & Co. now owns 16,264 shares of the shipping company's stock valued at $704,000 after acquiring an additional 16,154 shares in the last quarter. First Trust Advisors LP increased its stake in Navios Maritime Partners by 23.7% in the fourth quarter. First Trust Advisors LP now owns 5,325 shares of the shipping company's stock valued at $231,000 after acquiring an additional 1,020 shares during the period. Finally, Natixis increased its stake in Navios Maritime Partners by 0.3% in the fourth quarter. Natixis now owns 124,727 shares of the shipping company's stock valued at $5,399,000 after acquiring an additional 397 shares during the period. 62.74% of the stock is currently owned by institutional investors.

Navios Maritime Partners Stock Up 1.7%

Shares of NMM opened at $41.73 on Friday. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 3.80 and a beta of 1.49. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. Navios Maritime Partners LP has a 12 month low of $28.37 and a 12 month high of $65.89. The company has a 50-day moving average price of $39.74 and a two-hundred day moving average price of $39.19.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last issued its earnings results on Wednesday, May 7th. The shipping company reported $1.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 10.41% and a net margin of 25.44%. The company's quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.32 earnings per share. Equities analysts predict that Navios Maritime Partners LP will post 12.64 EPS for the current fiscal year.

Navios Maritime Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, August 11th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, August 11th. Navios Maritime Partners's payout ratio is currently 1.82%.

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.

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