Navios Maritime Partners LP $NMM Stake Lessened by Pale Fire Capital SE

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 stake in shares of Navios Maritime Partners LP (NYSE:NMM - Free Report) by 59.7% during the first quarter, according to its most recent disclosure with the Securities & 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 makes up about 0.2% of Pale Fire Capital SE's holdings, making the stock its 25th biggest position. Pale Fire Capital SE owned 0.11% of Navios Maritime Partners worth $1,334,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in shares of Navios Maritime Partners by 108.1% during 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 during the period. LPL Financial LLC acquired a new stake in shares of Navios Maritime Partners during the fourth quarter worth $204,000. Raymond James Financial Inc. acquired a new stake in shares of Navios Maritime Partners during the fourth quarter worth $219,000. First Trust Advisors LP raised its position in shares of Navios Maritime Partners by 23.7% during the fourth quarter. First Trust Advisors LP now owns 5,325 shares of the shipping company's stock worth $231,000 after purchasing an additional 1,020 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Navios Maritime Partners during the first quarter worth $345,000. 62.74% of the stock is owned by institutional investors and hedge funds.

Navios Maritime Partners Trading Down 1.1%

Shares of Navios Maritime Partners stock traded down $0.52 on Friday, reaching $46.44. 53,354 shares of the company were exchanged, compared to its average volume of 112,775. The stock has a fifty day moving average price of $41.76 and a 200-day moving average price of $39.49. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 4.63 and a beta of 1.49. 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 LP has a fifty-two week low of $28.37 and a fifty-two week high of $65.89.

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

Navios Maritime Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were issued a $0.05 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.4%. Navios Maritime Partners's dividend payout ratio is presently 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.