Walleye Capital LLC Sells 26,383 Shares of Navios Maritime Partners L.P. (NYSE:NMM)

Walleye Capital LLC cut its holdings in shares of Navios Maritime Partners L.P. (NYSE:NMM - Free Report) by 74.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,129 shares of the shipping company's stock after selling 26,383 shares during the quarter. Walleye Capital LLC's holdings in Navios Maritime Partners were worth $395,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ING Groep NV increased its stake in shares of Navios Maritime Partners by 446.2% during the 4th quarter. ING Groep NV now owns 71,000 shares of the shipping company's stock worth $3,074,000 after purchasing an additional 58,000 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Navios Maritime Partners by 38.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 160,834 shares of the shipping company's stock valued at $6,963,000 after buying an additional 44,576 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Navios Maritime Partners by 14,685.5% during the fourth quarter. JPMorgan Chase & Co. now owns 16,264 shares of the shipping company's stock valued at $704,000 after buying an additional 16,154 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Navios Maritime Partners during the 4th quarter worth about $656,000. Finally, Virtu Financial LLC acquired a new position in shares of Navios Maritime Partners during the 3rd quarter valued at about $511,000. Hedge funds and other institutional investors own 62.74% of the company's stock.

Navios Maritime Partners Price Performance

NMM stock traded up $0.23 during trading on Tuesday, hitting $34.16. 12,940 shares of the stock traded hands, compared to its average volume of 172,937. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 2.83 and a beta of 1.65. Navios Maritime Partners L.P. has a one year low of $28.37 and a one year high of $65.89. 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 company has a 50 day simple moving average of $37.20 and a 200 day simple moving average of $44.08.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The shipping company reported $2.61 EPS for the quarter, missing analysts' consensus estimates of $4.54 by ($1.93). The business had revenue of $302.99 million for the quarter, compared to the consensus estimate of $340.83 million. Navios Maritime Partners had a return on equity of 11.64% and a net margin of 27.53%. Equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Friday, May 9th. Navios Maritime Partners's dividend payout ratio is currently 1.67%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Navios Maritime Partners from a "hold" rating to a "buy" rating in a research note 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.