Navios Maritime Partners L.P. (NYSE:NMM) Shares Purchased by Natixis

Natixis increased its holdings in Navios Maritime Partners L.P. (NYSE:NMM) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 124,727 shares of the shipping company’s stock after buying an additional 397 shares during the quarter. Natixis owned about 0.42% of Navios Maritime Partners worth $5,399,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new stake in shares of Navios Maritime Partners in the 4th quarter valued at $656,000. Raymond James Financial Inc. acquired a new position in Navios Maritime Partners during the fourth quarter valued at $219,000. Commonwealth Equity Services LLC boosted its holdings in Navios Maritime Partners by 38.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 160,834 shares of the shipping company’s stock valued at $6,963,000 after purchasing an additional 44,576 shares during the last quarter. ING Groep NV grew its position in Navios Maritime Partners by 446.2% during the 4th quarter. ING Groep NV now owns 71,000 shares of the shipping company’s stock worth $3,074,000 after purchasing an additional 58,000 shares during the period. Finally, Merrion Investment Management Co LLC lifted 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 valued at $435,000 after buying an additional 3,640 shares during the period. 62.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Navios Maritime Partners from a “hold” rating to a “buy” rating in a report on Thursday, March 13th.

Navios Maritime Partners Price Performance

NYSE:NMM opened at $32.63 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.13 and a quick ratio of 1.13. The company has a 50 day moving average price of $38.52 and a 200-day moving average price of $45.29. Navios Maritime Partners L.P. has a 1-year low of $28.37 and a 1-year high of $65.89. The firm has a market cap of $968.80 million, a price-to-earnings ratio of 2.72 and a beta of 1.65.

Navios Maritime Partners (NYSE:NMM) last posted 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). Navios Maritime Partners had a return on equity of 11.64% and a net margin of 27.53%. The firm had revenue of $302.99 million for the quarter, compared to analysts’ expectations of $340.83 million. Equities research analysts forecast that Navios Maritime Partners L.P. will post 12.64 EPS for the current year.

Navios Maritime Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Monday, February 10th. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 1.67%.

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.