Navios Maritime Partners L.P. (NYSE:NMM) Stock Holdings Boosted by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its position in Navios Maritime Partners L.P. (NYSE:NMM) by 21.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,149 shares of the shipping company’s stock after buying an additional 384 shares during the quarter. BNP Paribas Financial Markets’ holdings in Navios Maritime Partners were worth $135,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Merrion Investment Management Co LLC bought a new position in shares of Navios Maritime Partners in the third quarter worth $401,000. Consolidated Portfolio Review Corp bought a new stake in shares of Navios Maritime Partners during the 3rd quarter worth about $935,000. Pekin Hardy Strauss Inc. bought a new position in shares of Navios Maritime Partners in the second quarter valued at approximately $1,375,000. Ieq Capital LLC bought a new position in Navios Maritime Partners during the 2nd quarter valued at $2,064,000. Finally, Sei Investments Co. increased its position in shares of Navios Maritime Partners by 748.2% during the 2nd quarter. Sei Investments Co. now owns 55,109 shares of the shipping company’s stock valued at $2,812,000 after purchasing an additional 48,612 shares during the period. 62.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. StockNews.com cut shares of Navios Maritime Partners from a “buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Financial Group lifted their price target on shares of Navios Maritime Partners from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th.

Navios Maritime Partners Trading Down 1.9 %

NYSE:NMM opened at $42.35 on Thursday. The stock has a fifty day simple moving average of $52.45 and a 200 day simple moving average of $52.09. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 3.21 and a beta of 1.95. Navios Maritime Partners L.P. has a 1-year low of $26.81 and a 1-year high of $65.89.

Navios Maritime Partners (NYSE:NMM) last issued its quarterly earnings results on Tuesday, November 5th. The shipping company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.80 by ($0.65). Navios Maritime Partners had a net margin of 30.48% and a return on equity of 13.66%. The firm had revenue of $340.84 million during the quarter, compared to analysts’ expectations of $326.32 million. During the same quarter last year, the company posted $2.68 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts forecast that Navios Maritime Partners L.P. will post 12.37 earnings per share for the current year.

Navios Maritime Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 12th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Tuesday, November 12th. Navios Maritime Partners’s dividend payout ratio is currently 1.52%.

Navios Maritime Partners Company 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.