Pekin Hardy Strauss Inc. Has $252,000 Stock Position in Navios Maritime Partners LP (NYSE:NMM)

Pekin Hardy Strauss Inc. lessened its position in shares of Navios Maritime Partners LP (NYSE:NMM - Free Report) by 74.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,425 shares of the shipping company's stock after selling 18,650 shares during the period. Pekin Hardy Strauss Inc.'s holdings in Navios Maritime Partners were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in NMM. BNP Paribas Financial Markets boosted its position 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 valued at $194,000 after buying an additional 2,324 shares in the last quarter. LPL Financial LLC acquired a new stake in Navios Maritime Partners in the fourth quarter valued at approximately $204,000. Raymond James Financial Inc. acquired a new stake in Navios Maritime Partners in the fourth quarter valued at approximately $219,000. First Trust Advisors LP boosted its position in 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 buying an additional 1,020 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Navios Maritime Partners during the fourth quarter valued at $656,000. Institutional investors and hedge funds own 62.74% of the company's stock.

Navios Maritime Partners Trading Up 3.7%

Shares of NMM stock traded up $1.43 during trading hours on Friday, hitting $40.12. 80,665 shares of the company's stock traded hands, compared to its average volume of 153,605. The stock's 50 day simple moving average is $38.94 and its 200 day simple moving average is $39.51. The stock has a market cap of $1.19 billion, a PE ratio of 3.65 and a beta of 1.34. Navios Maritime Partners LP has a 12 month low of $28.37 and a 12 month high of $65.89. 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 (NYSE:NMM - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The shipping company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.04). The business had revenue of $274.10 million for the quarter, compared to the consensus estimate of $254.00 million. Navios Maritime Partners had a net margin of 25.44% and a return on equity of 10.41%. Navios Maritime Partners's revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.32 EPS. On average, sell-side analysts anticipate that Navios Maritime Partners LP will post 12.64 EPS for the current year.

Navios Maritime Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Friday, May 9th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Friday, May 9th. Navios Maritime Partners's dividend payout ratio is currently 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.