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

Navios Maritime Partners L.P. (NYSE:NMM) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 188,800 shares, a decrease of 24.8% from the March 31st total of 251,200 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 165,200 shares, the short-interest ratio is currently 1.1 days.

Navios Maritime Partners Stock Up 1.7 %

Shares of NMM opened at $44.70 on Friday. The company has a 50-day simple moving average of $39.97 and a 200-day simple moving average of $30.82. The firm has a market capitalization of $1.35 billion, a P/E ratio of 3.17 and a beta of 1.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 0.87. Navios Maritime Partners has a 52 week low of $19.23 and a 52 week high of $45.88.

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

Navios Maritime Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Monday, February 12th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Friday, February 9th. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 1.42%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Westhampton Capital LLC bought a new stake in Navios Maritime Partners during the first quarter worth about $241,000. Jump Financial LLC bought a new stake in shares of Navios Maritime Partners during the third quarter valued at approximately $215,000. Moors & Cabot Inc. grew its stake in shares of Navios Maritime Partners by 5.4% during the third 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 last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Navios Maritime Partners during the fourth quarter valued at approximately $782,000. Institutional investors and hedge funds own 62.74% of the company’s stock.

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.