Moors & Cabot Inc. Has $3.27 Million Stock Holdings in Navios Maritime Partners LP (NYSE:NMM)

Key Points

• Moors & Cabot Inc. increased its stake in Navios Maritime Partners LP by 9.5%, now holding approximately 0.28% of the company valued at $3.27 million.
• Navios Maritime Partners reported a quarterly earnings miss with $1.58 EPS, falling short of analysts' expectations, despite revenue of $274.10 million surpassing estimates.
• The company declared a $0.05 quarterly dividend, yielding 0.5%, with a payout ratio of 1.82%, reflecting its commitment to returning value to shareholders.

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mraz Amerine & Associates Inc. boosted its position in shares of Navios Maritime Partners by 1.4% during the first quarter. Mraz Amerine & Associates Inc. now owns 33,145 shares of the shipping company's stock worth $1,289,000 after purchasing an additional 451 shares in the last quarter. Live Oak Investment Partners increased its stake in Navios Maritime Partners by 2.0% in the 1st quarter. Live Oak Investment Partners now owns 28,162 shares of the shipping company's stock valued at $1,105,000 after buying an additional 552 shares during the last quarter. Merrion Investment Management Co LLC increased its stake in Navios Maritime Partners by 497.6% in the 1st quarter. Merrion Investment Management Co LLC now owns 60,000 shares of the shipping company's stock valued at $2,353,000 after buying an additional 49,960 shares during the last quarter. Lighthouse Investment Partners LLC increased its stake in Navios Maritime Partners by 41.0% in the 4th quarter. Lighthouse Investment Partners LLC now owns 50,403 shares of the shipping company's stock valued at $2,182,000 after buying an additional 14,667 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Navios Maritime Partners during the 4th quarter worth about $769,000. Institutional investors own 62.74% of the company's stock.

Navios Maritime Partners Stock Performance

Shares of Navios Maritime Partners stock traded down $0.31 during trading on Tuesday, hitting $43.78. 124,294 shares of the stock were exchanged, compared to its average volume of 112,030. Navios Maritime Partners LP has a 1-year low of $28.37 and a 1-year high of $65.89. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 3.99 and a beta of 1.49. The company has a fifty day moving average price of $39.84 and a 200-day moving average price of $39.13. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.60.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The shipping company reported $1.58 EPS for the quarter, missing analysts' consensus estimates of $1.62 by ($0.04). Navios Maritime Partners had a net margin of 25.44% and a return on equity of 10.41%. The company had revenue of $274.10 million during the quarter, compared to analyst estimates of $254.00 million. During the same quarter last year, the company posted $2.32 EPS. The firm's quarterly revenue was down 4.6% on a year-over-year basis. As a group, 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 declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, August 11th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, August 11th. Navios Maritime Partners's dividend payout ratio is 1.82%.

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.