Short Interest in Navios Maritime Partners L.P. (NYSE:NMM) Decreases By 22.8%

Navios Maritime Partners L.P. (NYSE:NMM - Get Free Report) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 251,200 shares, a drop of 22.8% from the March 15th total of 325,200 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average trading volume of 158,700 shares, the days-to-cover ratio is presently 1.6 days.

Navios Maritime Partners Price Performance

Shares of NYSE NMM traded down $0.45 during midday trading on Friday, hitting $42.95. The company had a trading volume of 121,831 shares, compared to its average volume of 123,673. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.57. The business has a 50-day simple moving average of $37.59 and a two-hundred day simple moving average of $29.65. Navios Maritime Partners has a twelve month low of $19.23 and a twelve month high of $45.88. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 3.05 and a beta of 1.97.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The shipping company reported $4.32 EPS for the quarter, topping the consensus estimate of $2.58 by $1.74. The business had revenue of $327.50 million for the quarter, compared to analyst estimates of $322.00 million. Navios Maritime Partners had a return on equity of 14.74% and a net margin of 33.18%. The company's quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.66 EPS. Equities research analysts anticipate that Navios Maritime Partners will post 14.43 earnings per share for the current year.

Navios Maritime Partners Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Monday, February 12th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Friday, February 9th. Navios Maritime Partners's dividend payout ratio (DPR) is presently 1.42%.

Institutional Investors Weigh In On Navios Maritime Partners

Several institutional investors and hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. purchased a new stake in shares of Navios Maritime Partners in the first quarter valued at $28,000. Credit Suisse AG purchased a new position in Navios Maritime Partners in the 2nd quarter valued at about $43,000. Bank of America Corp DE boosted its stake in shares of Navios Maritime Partners by 147.4% during the 1st quarter. Bank of America Corp DE now owns 1,549 shares of the shipping company's stock worth $55,000 after purchasing an additional 923 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Navios Maritime Partners by 14.0% during the 2nd quarter. Captrust Financial Advisors now owns 3,421 shares of the shipping company's stock worth $79,000 after purchasing an additional 421 shares during the last quarter. Finally, State of Wyoming grew its holdings in shares of Navios Maritime Partners by 17.6% during the fourth quarter. State of Wyoming now owns 3,442 shares of the shipping company's stock worth $89,000 after buying an additional 514 shares in the last quarter. 62.74% of the stock is currently owned by hedge funds and other institutional investors.

About Navios Maritime Partners

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.