Navios Maritime Partners L.P. (NYSE:NMM) Shares Acquired by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC grew its stake in shares of Navios Maritime Partners L.P. (NYSE:NMM - Free Report) by 41.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,403 shares of the shipping company's stock after buying an additional 14,667 shares during the period. Lighthouse Investment Partners LLC owned 0.17% of Navios Maritime Partners worth $2,182,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its position in Navios Maritime Partners by 108.1% during the 4th 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 period. LPL Financial LLC purchased a new stake in Navios Maritime Partners during the 4th quarter worth $204,000. Raymond James Financial Inc. purchased a new stake in Navios Maritime Partners during the 4th quarter worth $219,000. First Trust Advisors LP boosted its position in 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 purchasing an additional 1,020 shares during the period. Finally, Merrion Investment Management Co LLC boosted its position in Navios Maritime Partners by 56.9% during the 4th quarter. Merrion Investment Management Co LLC now owns 10,040 shares of the shipping company's stock worth $435,000 after purchasing an additional 3,640 shares during the period. 62.74% of the stock is owned by hedge funds and other institutional investors.

Navios Maritime Partners Stock Up 2.3%

Navios Maritime Partners stock traded up $0.91 during trading on Friday, reaching $41.03. 83,457 shares of the company's stock were exchanged, compared to its average volume of 168,866. Navios Maritime Partners L.P. has a 52-week low of $28.37 and a 52-week high of $65.89. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 3.42 and a beta of 1.31. The company's 50-day moving average is $36.07 and its two-hundred day moving average is $42.27.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The shipping company reported $1.58 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 firm had revenue of $274.10 million during the quarter, compared to analyst estimates of $254.00 million. During the same quarter in the prior year, the firm earned $2.32 EPS. The business's quarterly revenue was down 4.6% compared to the same quarter last year. On average, analysts predict that Navios Maritime Partners L.P. will post 12.64 earnings per share for the current year.

Navios Maritime Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Friday, May 9th were issued a $0.05 dividend. The ex-dividend date was Friday, May 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.49%. Navios Maritime Partners's dividend payout ratio is currently 1.82%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Navios Maritime Partners from a "hold" rating to a "buy" rating in a research report on Thursday, March 13th.

Navios Maritime Partners Company 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.