Moors & Cabot Inc. Has $4.64 Million Stock Position in Navios Maritime Partners L.P. (NYSE:NMM)

Moors & Cabot Inc. increased its stake in shares of Navios Maritime Partners L.P. (NYSE:NMM) by 4.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,130 shares of the shipping company’s stock after acquiring an additional 2,850 shares during the quarter. Moors & Cabot Inc.’s holdings in Navios Maritime Partners were worth $4,643,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its position in shares of Navios Maritime Partners by 30,700.0% during the first quarter. BNP Paribas Financial Markets now owns 1,232 shares of the shipping company’s stock valued at $53,000 after buying an additional 1,228 shares during the last quarter. Merrion Investment Management Co LLC acquired a new position in Navios Maritime Partners in the 3rd quarter valued at approximately $401,000. Aristides Capital LLC bought a new stake in shares of Navios Maritime Partners in the 1st quarter worth approximately $361,000. Tactive Advisors LLC bought a new stake in shares of Navios Maritime Partners during the first quarter valued at approximately $442,000. Finally, Virtu Financial LLC acquired a new position in shares of Navios Maritime Partners in the first quarter valued at $452,000. 62.74% of the stock is owned by institutional investors.

Navios Maritime Partners Price Performance

NMM stock traded up $1.29 during trading on Wednesday, hitting $53.50. The company had a trading volume of 18,170 shares, compared to its average volume of 181,980. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average price of $57.37 and a two-hundred day moving average price of $52.07. Navios Maritime Partners L.P. has a fifty-two week low of $22.80 and a fifty-two week high of $65.89. The company has a market cap of $1.60 billion, a P/E ratio of 3.96 and a beta of 1.99.

Navios Maritime Partners (NYSE:NMM) last posted its earnings results on Tuesday, November 5th. The shipping company reported $3.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.80 by ($0.65). The firm had revenue of $340.84 million during the quarter, compared to the consensus estimate of $326.32 million. Navios Maritime Partners had a net margin of 30.48% and a return on equity of 13.86%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.68 EPS. Equities research analysts expect that Navios Maritime Partners L.P. will post 12.37 earnings per share for the current fiscal year.

Navios Maritime Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend was Tuesday, November 12th. Navios Maritime Partners’s payout ratio is presently 1.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Navios Maritime Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. Jefferies Financial Group lifted their target price on shares of Navios Maritime Partners from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, September 19th.

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.