Navios Maritime Partners LP $NMM Holdings Lessened by Pilgrim Global Advisors LLC

Key Points

• Pilgrim Global Advisors LLC has reduced its stake in Navios Maritime Partners LP by 1.8%, now owning approximately 4.76 million shares, which represents 35.3% of its investment portfolio.
• Navios Maritime Partners recently reported $2.15 EPS for the quarter, surpassing the expected $1.74 EPS, with a revenue of $327.56 million.
• The company declared a quarterly dividend of $0.05 per share, yielding 0.4%, with a low and high stock price of $28.37 and $65.89 respectively over the past year.

Pilgrim Global Advisors LLC trimmed its position in Navios Maritime Partners LP (NYSE:NMM - Free Report) by 1.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,761,761 shares of the shipping company's stock after selling 87,594 shares during the period. Navios Maritime Partners comprises about 35.3% of Pilgrim Global Advisors LLC's investment portfolio, making the stock its 2nd largest position. Pilgrim Global Advisors LLC owned about 16.04% of Navios Maritime Partners worth $186,756,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. State of Wyoming acquired a new stake in shares of Navios Maritime Partners during the first quarter worth $157,000. BNP Paribas Financial Markets boosted its holdings 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 last quarter. 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 lifted its holdings in shares of Navios Maritime Partners by 23.7% during the 4th quarter. First Trust Advisors LP now owns 5,325 shares of the shipping company's stock worth $231,000 after acquiring an additional 1,020 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Navios Maritime Partners during the 1st quarter worth about $345,000. Institutional investors and hedge funds own 62.74% of the company's stock.

Navios Maritime Partners Trading Down 0.1%

Shares of NMM stock traded down $0.06 during trading hours on Friday, hitting $47.87. 69,256 shares of the company were exchanged, compared to its average volume of 112,929. The firm has a market cap of $1.42 billion, a PE ratio of 4.77 and a beta of 1.56. Navios Maritime Partners LP has a 1 year low of $28.37 and a 1 year 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. The firm has a fifty day moving average of $42.58 and a 200 day moving average of $39.60.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The shipping company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.41. The business had revenue of $327.56 million for the quarter, compared to analyst estimates of $309.58 million. Navios Maritime Partners had a net margin of 23.31% and a return on equity of 9.32%. The company's revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $3.06 EPS. Analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.20 annualized dividend and a yield of 0.4%. Navios Maritime Partners's dividend payout ratio (DPR) is 1.99%.

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.