Commonwealth Equity Services LLC Has $4.63 Million Holdings in Navios Maritime Partners L.P. (NYSE:NMM)

Commonwealth Equity Services LLC lifted its holdings in Navios Maritime Partners L.P. (NYSE:NMMGet Rating) by 2.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 131,450 shares of the shipping company’s stock after acquiring an additional 3,087 shares during the period. Commonwealth Equity Services LLC’s holdings in Navios Maritime Partners were worth $4,627,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Counterpoint Mutual Funds LLC acquired a new position in shares of Navios Maritime Partners in the first quarter valued at about $90,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of Navios Maritime Partners by 8.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 11,495 shares of the shipping company’s stock valued at $288,000 after acquiring an additional 920 shares in the last quarter. Vanguard Capital Wealth Advisors acquired a new position in shares of Navios Maritime Partners in the first quarter valued at about $461,000. Navellier & Associates Inc. grew its stake in Navios Maritime Partners by 92.8% during the fourth quarter. Navellier & Associates Inc. now owns 31,901 shares of the shipping company’s stock worth $800,000 after buying an additional 15,353 shares in the last quarter. Finally, BNP Paribas Arbitrage SA acquired a new stake in Navios Maritime Partners during the fourth quarter worth about $1,454,000. 16.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NMM has been the topic of a number of analyst reports. StockNews.com downgraded shares of Navios Maritime Partners from a “buy” rating to a “hold” rating in a research note on Monday. Clarkson Capital reiterated a “buy” rating on shares of Navios Maritime Partners in a research note on Tuesday, June 14th. Finally, Jefferies Financial Group initiated coverage on shares of Navios Maritime Partners in a research note on Wednesday, July 20th. They set a “buy” rating on the stock.

Navios Maritime Partners Stock Down 5.7 %

NMM stock opened at $28.04 on Friday. The stock has a market capitalization of $846.72 million, a P/E ratio of 1.70 and a beta of 2.22. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.58. Navios Maritime Partners L.P. has a 12 month low of $19.71 and a 12 month high of $37.16. The firm has a 50-day moving average price of $25.35 and a 200-day moving average price of $29.02.

Navios Maritime Partners (NYSE:NMMGet Rating) last posted its earnings results on Tuesday, May 10th. The shipping company reported $2.78 EPS for the quarter, missing analysts’ consensus estimates of $3.06 by ($0.28). The company had revenue of $236.62 million during the quarter, compared to the consensus estimate of $225.48 million. Navios Maritime Partners had a return on equity of 25.91% and a net margin of 47.70%. As a group, equities research analysts anticipate that Navios Maritime Partners L.P. will post 18.85 EPS for the current fiscal year.

Navios Maritime Partners Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Tuesday, August 9th will be issued a $0.05 dividend. The ex-dividend date is Monday, August 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.71%. Navios Maritime Partners’s dividend payout ratio (DPR) is currently 1.22%.

Navios Maritime Partners Profile

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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 provides its vessels under short, medium, and longer-term charters.

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Institutional Ownership by Quarter for Navios Maritime Partners (NYSE:NMM)

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