Merrion Investment Management Co LLC Acquires 3,640 Shares of Navios Maritime Partners L.P. (NYSE:NMM)

Merrion Investment Management Co LLC boosted its holdings in Navios Maritime Partners L.P. (NYSE:NMM) by 56.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,040 shares of the shipping company’s stock after buying an additional 3,640 shares during the period. Merrion Investment Management Co LLC’s holdings in Navios Maritime Partners were worth $435,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. increased its position in Navios Maritime Partners by 748.2% in the 2nd quarter. Sei Investments Co. now owns 55,109 shares of the shipping company’s stock worth $2,812,000 after buying an additional 48,612 shares during the period. Corsair Capital Management L.P. bought a new position in Navios Maritime Partners in the 3rd quarter worth approximately $1,000,000. Consolidated Portfolio Review Corp bought a new position in Navios Maritime Partners in the 3rd quarter worth approximately $935,000. Integrated Investment Consultants LLC bought a new stake in shares of Navios Maritime Partners during the third quarter valued at approximately $4,208,000. Finally, BNP Paribas Financial Markets increased its position in shares of Navios Maritime Partners by 21.8% during the third quarter. BNP Paribas Financial Markets now owns 2,149 shares of the shipping company’s stock valued at $135,000 after purchasing an additional 384 shares during the period. 62.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Navios Maritime Partners from a “hold” rating to a “buy” rating in a research report on Thursday, January 16th.

Navios Maritime Partners Price Performance

Navios Maritime Partners stock opened at $41.48 on Thursday. 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 firm has a market cap of $1.24 billion, a P/E ratio of 3.15 and a beta of 1.97. The business’s fifty day moving average is $45.05 and its two-hundred day moving average is $50.57. Navios Maritime Partners L.P. has a 52 week low of $27.47 and a 52 week high of $65.89.

Navios Maritime Partners (NYSE:NMM) last posted its quarterly earnings data on Tuesday, November 5th. The shipping company reported $3.15 EPS for the quarter, missing analysts’ consensus estimates of $3.80 by ($0.65). The business had revenue of $340.84 million during the quarter, compared to analyst estimates of $326.32 million. Navios Maritime Partners had a return on equity of 13.66% and a net margin of 30.48%. Navios Maritime Partners’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.68 EPS. Equities research analysts forecast that Navios Maritime Partners L.P. will post 11.89 earnings per share for the current fiscal year.

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.