ING Groep NV Grows Position in Navios Maritime Partners L.P. (NYSE:NMM)

ING Groep NV grew its position in Navios Maritime Partners L.P. (NYSE:NMM) by 446.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,000 shares of the shipping company’s stock after acquiring an additional 58,000 shares during the quarter. ING Groep NV owned 0.24% of Navios Maritime Partners worth $3,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in Navios Maritime Partners by 21.8% in the third quarter. BNP Paribas Financial Markets now owns 2,149 shares of the shipping company’s stock worth $135,000 after purchasing an additional 384 shares during the last quarter. Merrion Investment Management Co LLC increased its holdings in shares of Navios Maritime Partners by 56.9% in the 4th quarter. Merrion Investment Management Co LLC now owns 10,040 shares of the shipping company’s stock worth $435,000 after buying an additional 3,640 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Navios Maritime Partners in the 3rd quarter worth about $511,000. Consolidated Portfolio Review Corp purchased a new stake in shares of Navios Maritime Partners during the 3rd quarter valued at about $935,000. Finally, Corsair Capital Management L.P. purchased a new position in Navios Maritime Partners in the third quarter worth about $1,000,000. Institutional investors own 62.74% of the company’s stock.

Navios Maritime Partners Stock Performance

NYSE:NMM opened at $43.73 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s fifty day moving average is $43.62 and its 200 day moving average is $50.09. The firm has a market capitalization of $1.31 billion, a PE ratio of 3.65 and a beta of 1.93. Navios Maritime Partners L.P. has a fifty-two week low of $32.42 and a fifty-two week high of $65.89.

Navios Maritime Partners (NYSE:NMM) last released its earnings results on Thursday, February 13th. The shipping company reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.54 by ($1.93). The firm had revenue of $302.99 million during the quarter, compared to the consensus estimate of $340.83 million. Navios Maritime Partners had a return on equity of 11.64% and a net margin of 27.53%. On average, sell-side analysts anticipate that Navios Maritime Partners L.P. will post 12.64 earnings per share for the current year.

Navios Maritime Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Monday, February 10th. Navios Maritime Partners’s payout ratio is currently 1.67%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Navios Maritime Partners from a “buy” rating to a “hold” rating in a research report on Friday.

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.