International Assets Investment Management LLC Makes New $782,000 Investment in Navios Maritime Partners L.P. (NYSE:NMM)

International Assets Investment Management LLC bought a new stake in Navios Maritime Partners L.P. (NYSE:NMM - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 27,960 shares of the shipping company's stock, valued at approximately $782,000. International Assets Investment Management LLC owned 0.09% of Navios Maritime Partners at the end of the most recent quarter.

Separately, Moors & Cabot Inc. raised its stake in Navios Maritime Partners by 5.4% in the third quarter. Moors & Cabot Inc. now owns 19,400 shares of the shipping company's stock valued at $449,000 after buying an additional 1,000 shares in the last quarter. 62.74% of the stock is owned by institutional investors and hedge funds.

Navios Maritime Partners Stock Up 4.1 %

Navios Maritime Partners stock traded up $1.74 during midday trading on Wednesday, reaching $43.86. The company's stock had a trading volume of 248,997 shares, compared to its average volume of 155,567. Navios Maritime Partners L.P. has a fifty-two week low of $19.23 and a fifty-two week high of $45.88. 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 company has a market cap of $1.32 billion, a P/E ratio of 3.12 and a beta of 1.97. The business has a 50-day simple moving average of $39.46 and a 200-day simple moving average of $30.64.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The shipping company reported $4.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.58 by $1.74. Navios Maritime Partners had a return on equity of 14.74% and a net margin of 33.18%. The company had revenue of $327.50 million for the quarter, compared to analysts' expectations of $322.00 million. During the same period last year, the firm earned $3.66 earnings per share. Navios Maritime Partners's quarterly revenue was down 11.7% on a year-over-year basis. On average, research analysts expect that Navios Maritime Partners L.P. will post 14.43 earnings per share for the current fiscal year.

Navios Maritime Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Monday, February 12th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Friday, February 9th. Navios Maritime Partners's dividend payout ratio is presently 1.42%.

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.