Ieq Capital LLC Boosts Stock Holdings in Navios Maritime Partners LP $NMM

Key Points

• Ieq Capital LLC increased its holdings in Navios Maritime Partners LP by 41.4%, owning 78,684 shares worth approximately $3.1 million after acquiring an additional 23,054 shares.
• Navios Maritime Partners reported $2.15 earnings per share for the last quarter, exceeding estimates and noting a revenue of $327.56 million, despite a 4.3% decline compared to the previous year.
• The company announced a quarterly dividend of $0.05 per share, translating to an annualized yield of 0.4%.

Ieq Capital LLC increased its holdings in Navios Maritime Partners LP (NYSE:NMM - Free Report) by 41.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,684 shares of the shipping company's stock after purchasing an additional 23,054 shares during the quarter. Ieq Capital LLC owned 0.26% of Navios Maritime Partners worth $3,086,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its stake in Navios Maritime Partners by 108.1% in 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. Raymond James Financial Inc. purchased a new position in Navios Maritime Partners in the 4th quarter worth approximately $219,000. First Trust Advisors LP increased its position in shares of 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. Virtu Financial LLC purchased a new position in shares of Navios Maritime Partners in the first quarter valued at about $345,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Navios Maritime Partners in the fourth quarter valued at about $769,000. Hedge funds and other institutional investors own 62.74% of the company's stock.

Navios Maritime Partners Trading Up 0.2%

Shares of NMM traded up $0.10 during mid-day trading on Thursday, hitting $47.88. 85,222 shares of the company's stock traded hands, compared to its average volume of 113,109. 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 1 year low of $28.37 and a 1 year high of $65.89. The firm has a market capitalization of $1.42 billion, a P/E ratio of 4.77 and a beta of 1.56. The business's 50-day moving average price is $42.39 and its 200-day moving average price is $39.58.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The shipping company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.41. The company had revenue of $327.56 million for the quarter, compared to analysts' expectations of $309.58 million. Navios Maritime Partners had a net margin of 23.31% and a return on equity of 9.32%. Navios Maritime Partners's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.06 earnings per share. As a group, sell-side analysts forecast 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 was paid on Thursday, August 14th. Investors of record on Monday, August 11th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Navios Maritime Partners's dividend payout ratio is presently 1.99%.

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.