ING Groep NV Has $4.35 Million Holdings in Navios Maritime Partners LP $NMM

ING Groep NV lifted its holdings in shares of Navios Maritime Partners LP (NYSE:NMM) by 123.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,600 shares of the shipping company’s stock after purchasing an additional 53,400 shares during the quarter. ING Groep NV’s holdings in Navios Maritime Partners were worth $4,352,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Merrion Investment Management Co LLC grew its position in Navios Maritime Partners by 0.4% during the third quarter. Merrion Investment Management Co LLC now owns 65,250 shares of the shipping company’s stock worth $2,940,000 after buying an additional 250 shares in the last quarter. Allworth Financial LP bought a new stake in shares of Navios Maritime Partners during the 2nd quarter valued at $47,000. BNP Paribas Financial Markets grew its holdings in shares of Navios Maritime Partners by 25.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,706 shares of the shipping company’s stock worth $290,000 after purchasing an additional 1,559 shares in the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of Navios Maritime Partners in the second quarter worth $62,000. Finally, Live Oak Investment Partners increased its position in shares of Navios Maritime Partners by 5.9% in the third quarter. Live Oak Investment Partners now owns 30,217 shares of the shipping company’s stock worth $1,361,000 after purchasing an additional 1,680 shares during the period. 62.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NMM has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Navios Maritime Partners in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Navios Maritime Partners from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Navios Maritime Partners currently has a consensus rating of “Hold”.

Navios Maritime Partners Price Performance

Shares of NMM stock opened at $60.44 on Friday. The business has a fifty day simple moving average of $55.34 and a 200 day simple moving average of $50.19. The company has a market cap of $1.79 billion, a P/E ratio of 6.92 and a beta of 1.38. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.61. Navios Maritime Partners LP has a twelve month low of $28.37 and a twelve month high of $63.47.

Navios Maritime Partners (NYSE:NMM) last released its earnings results on Tuesday, November 18th. The shipping company reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.28. The firm had revenue of $346.92 million for the quarter, compared to analysts’ expectations of $334.64 million. Navios Maritime Partners had a return on equity of 8.69% and a net margin of 20.04%.The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.15 earnings per share. On average, sell-side analysts forecast that Navios Maritime Partners LP will post 12.64 EPS for the current fiscal year.

Navios Maritime Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, February 9th. Navios Maritime Partners’s dividend payout ratio is currently 2.29%.

Navios Maritime Partners Profile

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.