Virtu Financial LLC Takes Position in Navios Maritime Partners LP (NYSE:NMM)

Virtu Financial LLC acquired a new stake in shares of Navios Maritime Partners LP (NYSE:NMM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 8,795 shares of the shipping company's stock, valued at approximately $345,000.

Other hedge funds also recently made changes to their positions in the company. Merrion Investment Management Co LLC raised its stake in shares of Navios Maritime Partners by 497.6% during 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 during the period. Moors & Cabot Inc. raised its stake in shares of Navios Maritime Partners by 9.5% during the first quarter. Moors & Cabot Inc. now owns 83,281 shares of the shipping company's stock valued at $3,266,000 after purchasing an additional 7,250 shares during the period. BNP Paribas Financial Markets increased its stake in 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 valued at $194,000 after purchasing an additional 2,324 shares during the last quarter. Lighthouse Investment Partners LLC increased its stake in Navios Maritime Partners by 41.0% during the fourth 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. Finally, Cubist Systematic Strategies LLC bought a new stake in Navios Maritime Partners during the fourth quarter valued at $769,000. Hedge funds and other institutional investors own 62.74% of the company's stock.

Navios Maritime Partners Stock Down 1.3%

NMM stock opened at $43.44 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 1.01. Navios Maritime Partners LP has a 1-year low of $28.37 and a 1-year high of $65.89. The firm has a fifty day moving average price of $40.61 and a two-hundred day moving average price of $39.29. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 3.95 and a beta of 1.49.

Navios Maritime Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, August 11th. This represents a $0.20 annualized dividend and a yield of 0.5%. Navios Maritime Partners's payout ratio is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.