Ieq Capital LLC Has $3.09 Million 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 raised its holdings in Navios Maritime Partners LP (NYSE:NMM - Free Report) by 41.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,684 shares of the shipping company's stock after acquiring an additional 23,054 shares during the quarter. Ieq Capital LLC owned about 0.26% of Navios Maritime Partners worth $3,086,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in Navios Maritime Partners by 108.1% in the fourth 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. Raymond James Financial Inc. bought a new stake in Navios Maritime Partners in the fourth quarter worth $219,000. First Trust Advisors LP lifted its position 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 acquiring an additional 1,020 shares during the last quarter. Virtu Financial LLC acquired a new position in Navios Maritime Partners during the 1st quarter worth $345,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Navios Maritime Partners during the 4th quarter worth $769,000. 62.74% of the stock is currently owned by institutional investors and hedge funds.

Navios Maritime Partners Stock Performance

NMM stock traded up $0.03 on Friday, reaching $47.96. 53,617 shares of the company were exchanged, compared to its average volume of 112,900. The stock's fifty day moving average price is $42.58 and its 200 day moving average price is $39.60. The firm has a market capitalization of $1.42 billion, a PE ratio of 4.78 and a beta of 1.56. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 1.01. Navios Maritime Partners LP has a 12 month low of $28.37 and a 12 month high of $65.89.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The shipping company reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.41. Navios Maritime Partners had a net margin of 23.31% and a return on equity of 9.32%. The business had revenue of $327.56 million during the quarter, compared to analyst estimates of $309.58 million. During the same quarter in the prior year, the business earned $3.06 earnings per share. The firm's revenue for the quarter was down 4.3% on a year-over-year basis. On average, research analysts anticipate that Navios Maritime Partners LP will post 12.64 EPS for the current fiscal year.

Navios Maritime Partners Dividend Announcement

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

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.