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

Pekin Hardy Strauss Inc. decreased its position in Navios Maritime Partners LP (NYSE:NMM - Free Report) by 74.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,425 shares of the shipping company's stock after selling 18,650 shares during the quarter. Pekin Hardy Strauss Inc.'s holdings in Navios Maritime Partners were worth $252,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Ion Asset Management Ltd. lifted its holdings in shares of Navios Maritime Partners by 81.9% during the fourth quarter. Ion Asset Management Ltd. now owns 805,678 shares of the shipping company's stock worth $34,878,000 after buying an additional 362,678 shares during the last quarter. Merrion Investment Management Co LLC raised 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 purchasing an additional 49,960 shares in the last quarter. Commonwealth Equity Services LLC raised its stake 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. Cubist Systematic Strategies LLC acquired a new position in shares of Navios Maritime Partners in the fourth quarter valued at $769,000. Finally, JPMorgan Chase & Co. grew its position in Navios Maritime Partners by 14,685.5% in the fourth quarter. JPMorgan Chase & Co. now owns 16,264 shares of the shipping company's stock valued at $704,000 after acquiring an additional 16,154 shares during the period. Institutional investors own 62.74% of the company's stock.

Navios Maritime Partners Price Performance

NYSE:NMM traded down $1.03 during trading hours on Wednesday, reaching $37.60. The company had a trading volume of 99,545 shares, compared to its average volume of 154,055. The stock has a 50-day moving average of $38.70 and a two-hundred day moving average of $39.63. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $1.12 billion, a PE ratio of 3.42 and a beta of 1.34. Navios Maritime Partners LP has a one year low of $28.37 and a one year high of $65.89.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last announced its earnings results on Wednesday, May 7th. The shipping company reported $1.58 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 return on equity of 10.41% and a net margin of 25.44%. Navios Maritime Partners's revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.32 EPS. Analysts forecast that Navios Maritime Partners LP will post 12.64 earnings per share for the current year.

Navios Maritime Partners Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Friday, May 9th. Navios Maritime Partners's payout ratio is presently 1.82%.

Analyst Upgrades and Downgrades

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

About Navios Maritime Partners

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.