Navios Maritime Partners L.P. (NYSE:NMM) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP reduced its position in Navios Maritime Partners L.P. (NYSE:NMM - Free Report) by 42.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,700 shares of the shipping company's stock after selling 36,200 shares during the quarter. Two Sigma Advisers LP owned about 0.17% of Navios Maritime Partners worth $2,152,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Lighthouse Investment Partners LLC raised its stake in Navios Maritime Partners by 41.0% in the 4th quarter. Lighthouse Investment Partners LLC now owns 50,403 shares of the shipping company's stock valued at $2,182,000 after purchasing an additional 14,667 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Navios Maritime Partners in the 4th quarter valued at $769,000. BNP Paribas Financial Markets raised its stake in Navios Maritime Partners by 108.1% in the 4th quarter. BNP Paribas Financial Markets now owns 4,473 shares of the shipping company's stock valued at $194,000 after purchasing an additional 2,324 shares during the last quarter. Ion Asset Management Ltd. raised its stake in Navios Maritime Partners by 81.9% in the 4th quarter. Ion Asset Management Ltd. now owns 805,678 shares of the shipping company's stock valued at $34,878,000 after purchasing an additional 362,678 shares during the last quarter. Finally, Natixis raised its stake in Navios Maritime Partners by 0.3% in the 4th quarter. Natixis now owns 124,727 shares of the shipping company's stock valued at $5,399,000 after purchasing an additional 397 shares during the last quarter. 62.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Navios Maritime Partners Trading Up 0.8%

Shares of NMM traded up $0.33 during midday trading on Monday, reaching $39.50. The company had a trading volume of 31,697 shares, compared to its average volume of 165,205. Navios Maritime Partners L.P. has a 1-year low of $28.37 and a 1-year high of $65.89. The stock has a market cap of $1.17 billion, a PE ratio of 3.29 and a beta of 1.31. The firm has a 50 day simple moving average of $35.89 and a 200-day simple moving average of $41.09. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.59.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last issued its earnings results on Wednesday, May 7th. The shipping company reported $1.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.62 by ($0.04). Navios Maritime Partners had a return on equity of 11.64% and a net margin of 27.53%. 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 business earned $2.32 earnings per share. The firm's revenue was down 4.6% compared to the same quarter last year. Research analysts forecast that Navios Maritime Partners L.P. will post 12.64 EPS for the current fiscal year.

Navios Maritime Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Friday, May 9th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, May 9th. Navios Maritime Partners's dividend payout ratio (DPR) is presently 1.82%.

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.