Arbiter Partners Capital Management LLC Makes New Investment in Navios Maritime Partners LP $NMM

Arbiter Partners Capital Management LLC acquired a new stake in Navios Maritime Partners LP (NYSE:NMM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,800 shares of the shipping company’s stock, valued at approximately $1,117,000. Navios Maritime Partners accounts for 0.7% of Arbiter Partners Capital Management LLC’s portfolio, making the stock its 22nd biggest holding. Arbiter Partners Capital Management LLC owned 0.08% of Navios Maritime Partners as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. ING Groep NV boosted its holdings in Navios Maritime Partners by 123.6% in the 3rd quarter. ING Groep NV now owns 96,600 shares of the shipping company’s stock valued at $4,352,000 after purchasing an additional 53,400 shares during the period. Ion Asset Management Ltd. raised its position in shares of Navios Maritime Partners by 2.2% during the second quarter. Ion Asset Management Ltd. now owns 817,963 shares of the shipping company’s stock valued at $30,821,000 after buying an additional 17,285 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Navios Maritime Partners by 95.5% in the third quarter. JPMorgan Chase & Co. now owns 34,884 shares of the shipping company’s stock valued at $1,572,000 after buying an additional 17,040 shares during the period. Jump Financial LLC bought a new stake in shares of Navios Maritime Partners in the second quarter valued at about $580,000. Finally, Moors & Cabot Inc. grew its position in Navios Maritime Partners by 10.4% during the second quarter. Moors & Cabot Inc. now owns 91,932 shares of the shipping company’s stock worth $3,464,000 after buying an additional 8,651 shares in the last quarter. Institutional investors own 62.74% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on NMM shares. Wall Street Zen raised Navios Maritime Partners from a “hold” rating to a “buy” rating in a report on Sunday, February 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Navios Maritime Partners in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Navios Maritime Partners Stock Performance

NYSE:NMM opened at $71.51 on Thursday. The stock has a market capitalization of $2.12 billion, a P/E ratio of 7.44 and a beta of 1.31. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.61. Navios Maritime Partners LP has a 1 year low of $28.37 and a 1 year high of $74.21. The firm has a 50 day moving average of $59.80 and a 200-day moving average of $52.63.

Navios Maritime Partners (NYSE:NMM) last released its quarterly earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.99. Navios Maritime Partners had a return on equity of 9.28% and a net margin of 21.23%.The firm had revenue of $365.55 million during the quarter, compared to analysts’ expectations of $316.00 million. During the same period last year, the firm posted $2.61 EPS. The business’s revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Navios Maritime Partners LP will post 12.64 EPS for the current fiscal year.

Navios Maritime Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, February 9th. Navios Maritime Partners’s payout ratio is currently 2.08%.

About Navios Maritime Partners

Navios Maritime Partners L.P. (NYSE: NMM) is a dry bulk shipping company that owns and operates a fleet of Capesize, Panamax and Supramax vessels. The partnership charters its vessels under medium- and long-term contracts to a diverse group of charterers, providing seaborne transportation for major bulk cargoes such as iron ore, coal, grain and fertilizers. Through this asset-light model, Navios Maritime Partners seeks to generate stable cash flows while retaining flexibility to capitalize on market opportunities.

Formed in November 2007 and sponsored by Navios Maritime Holdings Inc, the partnership leverages the operating platform and commercial management capabilities of the Navios group.