Navios Maritime Partners L.P. (NYSE:NMM) Short Interest Down 24.8% in April

Navios Maritime Partners L.P. (NYSE:NMM - Get Free Report) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 188,800 shares, a decline of 24.8% from the March 31st total of 251,200 shares. Approximately 1.1% of the company's stock are short sold. Based on an average trading volume of 165,200 shares, the short-interest ratio is presently 1.1 days.

Navios Maritime Partners Stock Performance

Shares of NYSE NMM traded up $0.76 during trading hours on Friday, hitting $44.71. 106,508 shares of the stock were exchanged, compared to its average volume of 121,496. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.87 and a quick ratio of 0.87. The company's 50 day moving average is $40.24 and its 200 day moving average is $30.97. The firm has a market capitalization of $1.35 billion, a P/E ratio of 3.17 and a beta of 1.97. Navios Maritime Partners has a one year low of $19.23 and a one year high of $45.88.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The shipping company reported $4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $1.74. The business had revenue of $327.50 million during the quarter, compared to the consensus estimate of $322.00 million. Navios Maritime Partners had a net margin of 33.18% and a return on equity of 14.74%. Navios Maritime Partners's quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.66 EPS. On average, research analysts expect that Navios Maritime Partners will post 14.53 EPS for the current year.

Navios Maritime Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Monday, February 12th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Friday, February 9th. Navios Maritime Partners's dividend payout ratio is currently 1.42%.

Institutional Trading of Navios Maritime Partners

Several large investors have recently modified their holdings of NMM. International Assets Investment Management LLC bought a new stake in Navios Maritime Partners in the 4th quarter valued at $782,000. Jump Financial LLC boosted its holdings in Navios Maritime Partners by 135.5% in the 4th quarter. Jump Financial LLC now owns 21,900 shares of the shipping company's stock valued at $612,000 after purchasing an additional 12,600 shares during the period. Moors & Cabot Inc. boosted its holdings in Navios Maritime Partners by 5.4% in the 3rd quarter. Moors & Cabot Inc. now owns 19,400 shares of the shipping company's stock valued at $449,000 after purchasing an additional 1,000 shares during the period. Finally, Westhampton Capital LLC bought a new stake in Navios Maritime Partners in the 1st quarter valued at $241,000. 62.74% of the stock is owned by institutional investors.

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.