Pale Fire Capital SE Has $1.33 Million Stock Position in Navios Maritime Partners LP $NMM

Key Points

• Pale Fire Capital SE reduced its stake in Navios Maritime Partners LP by 59.7%, ending the first quarter with 34,011 shares, which is about 0.2% of its total holdings.
• Navios Maritime Partners reported a quarterly earnings per share (EPS) of $2.15, surpassing analysts' expectations of $1.74, along with a net margin of 23.31%.
• The company declared a quarterly dividend of $0.05 per share, resulting in an annualized dividend yield of 0.4% and a payout ratio of 1.99%.

Pale Fire Capital SE cut its holdings in shares of Navios Maritime Partners LP (NYSE:NMM - Free Report) by 59.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,011 shares of the shipping company's stock after selling 50,340 shares during the period. Navios Maritime Partners accounts for approximately 0.2% of Pale Fire Capital SE's holdings, making the stock its 25th biggest holding. Pale Fire Capital SE owned about 0.11% of Navios Maritime Partners worth $1,334,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in shares of Navios Maritime Partners in the 1st quarter valued at about $345,000. Moors & Cabot Inc. grew its stake in shares of 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 in the last quarter. Mraz Amerine & Associates Inc. grew its stake in shares of 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 buying an additional 451 shares in the last quarter. Live Oak Investment Partners grew its stake in shares of Navios Maritime Partners by 2.0% in the first 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 in the last quarter. Finally, Merrion Investment Management Co LLC grew its stake in shares of Navios Maritime Partners by 497.6% in the first 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 in the last quarter. 62.74% of the stock is owned by institutional investors.

Navios Maritime Partners Stock Performance

Navios Maritime Partners stock traded up $0.77 during mid-day trading on Tuesday, hitting $47.30. 111,712 shares of the company's stock traded hands, compared to its average volume of 120,903. The firm has a 50 day simple moving average of $41.51 and a two-hundred day simple moving average of $39.42. Navios Maritime Partners LP has a fifty-two week low of $28.37 and a fifty-two week high of $65.89. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 4.72 and a beta of 1.49. 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 (NYSE:NMM - Get Free Report) last posted its earnings results on Thursday, August 21st. The shipping company reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.41. Navios Maritime Partners had a return on equity of 9.32% and a net margin of 23.31%.The company had revenue of $327.56 million during the quarter, compared to the consensus estimate of $309.58 million. During the same quarter last year, the firm earned $3.06 earnings per share. The company's revenue was down 4.3% on a year-over-year basis. On average, research analysts expect that Navios Maritime Partners LP will post 12.64 EPS for the current fiscal year.

Navios Maritime Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were given a $0.05 dividend. 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 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.