Lighthouse Investment Partners LLC increased its holdings in Navios Maritime Partners L.P. (NYSE:NMM - Free Report) by 41.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,403 shares of the shipping company's stock after purchasing an additional 14,667 shares during the quarter. Lighthouse Investment Partners LLC owned 0.17% of Navios Maritime Partners worth $2,182,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Ion Asset Management Ltd. increased its position in shares of Navios Maritime Partners by 81.9% in the fourth quarter. Ion Asset Management Ltd. now owns 805,678 shares of the shipping company's stock valued at $34,878,000 after acquiring an additional 362,678 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Navios Maritime Partners by 38.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 160,834 shares of the shipping company's stock worth $6,963,000 after acquiring an additional 44,576 shares in the last quarter. Natixis boosted its stake in Navios Maritime Partners by 0.3% during the fourth quarter. Natixis now owns 124,727 shares of the shipping company's stock worth $5,399,000 after acquiring an additional 397 shares in the last quarter. Moors & Cabot Inc. boosted its position in shares of Navios Maritime Partners by 2.6% in the 4th quarter. Moors & Cabot Inc. now owns 76,031 shares of the shipping company's stock worth $3,291,000 after purchasing an additional 1,901 shares in the last quarter. Finally, ING Groep NV grew its stake in shares of Navios Maritime Partners by 446.2% in the fourth quarter. ING Groep NV now owns 71,000 shares of the shipping company's stock worth $3,074,000 after acquiring an additional 58,000 shares during the last quarter. Institutional investors own 62.74% of the company's stock.
Navios Maritime Partners Stock Performance
Shares of NYSE NMM traded down $0.28 during trading on Monday, reaching $40.70. 28,588 shares of the company traded hands, compared to its average volume of 167,970. The firm has a 50 day simple moving average of $36.07 and a 200-day simple moving average of $42.11. Navios Maritime Partners L.P. has a 52-week low of $28.37 and a 52-week high of $65.89. The stock has a market capitalization of $1.21 billion, a PE ratio of 3.39 and a beta of 1.31. 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 posted its earnings results on Wednesday, May 7th. The shipping company reported $1.58 earnings per share for the quarter, missing analysts' consensus estimates of $1.62 by ($0.04). The firm had revenue of $274.10 million during the quarter, compared to the consensus estimate of $254.00 million. Navios Maritime Partners had a net margin of 27.53% and a return on equity of 11.64%. The firm's revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.32 EPS. Equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Friday, May 9th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Friday, May 9th. Navios Maritime Partners's payout ratio is 1.82%.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Navios Maritime Partners from a "hold" rating to a "buy" rating in a report on Thursday, March 13th.
Read Our Latest Stock Report on NMM
About Navios Maritime Partners
(
Free Report)
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.
Featured Articles
Before you consider Navios Maritime Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Navios Maritime Partners wasn't on the list.
While Navios Maritime Partners currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
