Navios Maritime Partners LP (NYSE:NMM) Shares Purchased by Merrion Investment Management Co LLC

Merrion Investment Management Co LLC lifted its position in shares of Navios Maritime Partners LP (NYSE:NMM - Free Report) by 497.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,000 shares of the shipping company's stock after acquiring an additional 49,960 shares during the quarter. Navios Maritime Partners accounts for about 1.7% of Merrion Investment Management Co LLC's holdings, making the stock its 17th biggest position. Merrion Investment Management Co LLC owned about 0.20% of Navios Maritime Partners worth $2,353,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NMM. ING Groep NV boosted its position in shares of Navios Maritime Partners by 446.2% in the 4th quarter. ING Groep NV now owns 71,000 shares of the shipping company's stock worth $3,074,000 after buying an additional 58,000 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Navios Maritime Partners during the fourth quarter worth about $656,000. Raymond James Financial Inc. acquired a new position in Navios Maritime Partners during the fourth quarter worth about $219,000. Moors & Cabot Inc. lifted its holdings in shares of Navios Maritime Partners by 2.6% in the fourth quarter. Moors & Cabot Inc. now owns 76,031 shares of the shipping company's stock valued at $3,291,000 after purchasing an additional 1,901 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Navios Maritime Partners by 38.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 160,834 shares of the shipping company's stock valued at $6,963,000 after purchasing an additional 44,576 shares in the last quarter. Hedge funds and other institutional investors own 62.74% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Navios Maritime Partners from a "hold" rating to a "buy" rating in a research report on Thursday, March 13th.

Navios Maritime Partners Price Performance

Shares of NYSE NMM traded down $0.76 during trading on Friday, reaching $40.03. The company had a trading volume of 83,458 shares, compared to its average volume of 158,843. Navios Maritime Partners LP has a twelve month low of $28.37 and a twelve month high of $65.89. The stock has a market capitalization of $1.19 billion, a PE ratio of 3.64 and a beta of 1.40. The stock has a 50-day moving average price of $37.45 and a two-hundred day moving average price of $40.12. 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 released its quarterly earnings results on Wednesday, May 7th. The shipping company reported $1.58 earnings per share for the quarter, missing analysts' consensus estimates of $1.62 by ($0.04). Navios Maritime Partners had a return on equity of 10.41% and a net margin of 25.44%. The company had revenue of $274.10 million during the quarter, compared to analyst estimates of $254.00 million. During the same period last year, the firm earned $2.32 earnings per share. The business's revenue was down 4.6% compared to the same quarter last year. As a group, sell-side analysts predict that Navios Maritime Partners LP will post 12.64 earnings per share for the current year.

Navios Maritime Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Friday, May 9th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.50%. Navios Maritime Partners's dividend payout ratio (DPR) 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.