Moors & Cabot Inc. Grows Stock Holdings in Navios Maritime Partners LP $NMM

Moors & Cabot Inc. raised its position in shares of Navios Maritime Partners LP (NYSE:NMM) by 10.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 91,932 shares of the shipping company’s stock after buying an additional 8,651 shares during the quarter. Moors & Cabot Inc. owned about 0.31% of Navios Maritime Partners worth $3,464,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. State of Wyoming purchased a new position in shares of Navios Maritime Partners in the 1st quarter valued at approximately $157,000. Westhampton Capital LLC raised its position in shares of Navios Maritime Partners by 35.4% in the 2nd quarter. Westhampton Capital LLC now owns 7,656 shares of the shipping company’s stock valued at $288,000 after purchasing an additional 2,000 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Navios Maritime Partners in the 1st quarter valued at approximately $345,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Navios Maritime Partners in the 2nd quarter valued at approximately $394,000. Finally, Live Oak Investment Partners raised its position in shares of Navios Maritime Partners by 1.3% in the 2nd quarter. Live Oak Investment Partners now owns 28,537 shares of the shipping company’s stock valued at $1,075,000 after purchasing an additional 375 shares during the last quarter. 62.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Navios Maritime Partners in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Navios Maritime Partners presently has a consensus rating of “Hold”.

Navios Maritime Partners Price Performance

Shares of NYSE:NMM opened at $48.39 on Thursday. Navios Maritime Partners LP has a twelve month low of $28.37 and a twelve month high of $55.37. The company’s 50 day moving average is $46.77 and its 200 day moving average is $42.29. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.61. The company has a market cap of $1.44 billion, a PE ratio of 4.82 and a beta of 1.54.

Navios Maritime Partners (NYSE:NMM) last issued its quarterly earnings results on Thursday, August 21st. The shipping company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.41. Navios Maritime Partners had a net margin of 23.31% and a return on equity of 9.24%. The company had revenue of $327.56 million for the quarter, compared to the consensus estimate of $309.58 million. During the same quarter in the prior year, the company earned $3.06 EPS. Navios Maritime Partners’s quarterly revenue was down 4.3% on a year-over-year basis. On average, sell-side analysts forecast that Navios Maritime Partners LP will post 12.64 EPS for the current year.

Navios Maritime Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 10th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.4%. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 1.99%.

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.