Navios Maritime Partners LP $NMM Shares Acquired by Moors & Cabot Inc.

Moors & Cabot Inc. lifted its position in shares of Navios Maritime Partners LP (NYSE:NMM) by 10.4% during the second quarter, Holdings Channel.com reports. The firm owned 91,932 shares of the shipping company’s stock after acquiring an additional 8,651 shares during the period. Moors & Cabot Inc.’s holdings in Navios Maritime Partners were worth $3,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. State of Wyoming acquired a new stake in shares of Navios Maritime Partners during the 1st quarter worth approximately $157,000. Westhampton Capital LLC grew its stake in Navios Maritime Partners by 35.4% in the 2nd quarter. Westhampton Capital LLC now owns 7,656 shares of the shipping company’s stock valued at $288,000 after acquiring an additional 2,000 shares during the period. Virtu Financial LLC acquired a new stake in Navios Maritime Partners in the 1st quarter valued at $345,000. Counterpoint Mutual Funds LLC acquired a new stake in Navios Maritime Partners in the 2nd quarter valued at $394,000. Finally, Live Oak Investment Partners grew its stake in Navios Maritime Partners by 1.3% in the 2nd quarter. Live Oak Investment Partners now owns 28,537 shares of the shipping company’s stock valued at $1,075,000 after acquiring an additional 375 shares during the period. Institutional investors and hedge funds own 62.74% of the company’s stock.

Navios Maritime Partners Price Performance

Navios Maritime Partners stock opened at $48.39 on Thursday. The company’s fifty day moving average price is $46.77 and its 200 day moving average price is $42.29. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $1.44 billion, a P/E ratio of 4.82 and a beta of 1.54. Navios Maritime Partners LP has a 1 year low of $28.37 and a 1 year high of $55.37.

Navios Maritime Partners (NYSE:NMM) last announced its quarterly earnings data on Thursday, August 21st. The shipping company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.41. The company had revenue of $327.56 million for the quarter, compared to analyst estimates of $309.58 million. Navios Maritime Partners had a return on equity of 9.24% and a net margin of 23.31%.The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.06 EPS. As a group, equities research analysts anticipate that Navios Maritime Partners LP will post 12.64 earnings per share for the current fiscal year.

Navios Maritime Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 10th will be issued a $0.05 dividend. The ex-dividend date is Monday, November 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.4%. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 1.99%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Navios Maritime Partners in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Navios Maritime Partners 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.