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

Two Sigma Investments LP reduced its position in shares of Navios Maritime Partners L.P. (NYSE:NMM - Free Report) by 36.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 138,780 shares of the shipping company's stock after selling 79,215 shares during the period. Two Sigma Investments LP owned about 0.46% of Navios Maritime Partners worth $6,008,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NMM. BNP Paribas Financial Markets lifted 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 acquiring an additional 2,324 shares during the last quarter. LPL Financial LLC purchased a new stake in shares of Navios Maritime Partners in the fourth quarter valued at about $204,000. Raymond James Financial Inc. purchased a new stake in shares of Navios Maritime Partners in the fourth quarter valued at about $219,000. First Trust Advisors LP raised its holdings in shares of 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 during the last quarter. Finally, Merrion Investment Management Co LLC raised its holdings in shares of Navios Maritime Partners by 56.9% in the fourth quarter. Merrion Investment Management Co LLC now owns 10,040 shares of the shipping company's stock valued at $435,000 after buying an additional 3,640 shares during the last quarter. 62.74% of the stock is owned by hedge funds and other institutional investors.

Navios Maritime Partners Stock Performance

Shares of Navios Maritime Partners stock traded up $0.22 on Friday, reaching $39.24. 82,724 shares of the stock were exchanged, compared to its average volume of 165,744. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average price of $35.90 and a two-hundred day moving average price of $41.26. Navios Maritime Partners L.P. has a 1-year low of $28.37 and a 1-year high of $65.89. The firm has a market capitalization of $1.17 billion, a PE ratio of 3.27 and a beta of 1.31.

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 for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $254.00 million. During the same quarter in the previous year, the company posted $2.32 earnings per share. The company's quarterly revenue was down 4.6% compared to the same quarter last year. As a group, research analysts anticipate that Navios Maritime Partners L.P. will post 12.64 earnings per share for the current fiscal year.

Navios Maritime Partners Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.