ING Groep NV Raises Stock Position in Navios Maritime Partners L.P. (NYSE:NMM)

ING Groep NV lifted its position in Navios Maritime Partners L.P. (NYSE:NMM) by 446.2% in the fourth quarter, Holdings Channel reports. The firm owned 71,000 shares of the shipping company’s stock after buying an additional 58,000 shares during the period. ING Groep NV’s holdings in Navios Maritime Partners were worth $3,074,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NMM. BNP Paribas Financial Markets raised its position in Navios Maritime Partners by 21.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,149 shares of the shipping company’s stock valued at $135,000 after purchasing an additional 384 shares in the last quarter. Pekin Hardy Strauss Inc. increased its stake in shares of Navios Maritime Partners by 3.2% during the third quarter. Pekin Hardy Strauss Inc. now owns 27,825 shares of the shipping company’s stock valued at $1,743,000 after buying an additional 875 shares during the period. Mraz Amerine & Associates Inc. increased its stake in shares of Navios Maritime Partners by 9.4% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 32,694 shares of the shipping company’s stock valued at $1,415,000 after buying an additional 2,798 shares during the period. Moors & Cabot Inc. raised its holdings in shares of Navios Maritime Partners by 4.0% in the third quarter. Moors & Cabot Inc. now owns 74,130 shares of the shipping company’s stock valued at $4,643,000 after acquiring an additional 2,850 shares in the last quarter. Finally, Merrion Investment Management Co LLC lifted its stake in Navios Maritime Partners by 56.9% in the fourth quarter. Merrion Investment Management Co LLC now owns 10,040 shares of the shipping company’s stock worth $435,000 after acquiring an additional 3,640 shares during the period. Institutional investors own 62.74% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Navios Maritime Partners from a “buy” rating to a “hold” rating in a research report on Friday.

Navios Maritime Partners Stock Performance

Shares of NYSE:NMM opened at $43.73 on Friday. 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 company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 3.65 and a beta of 1.93. The firm has a 50 day moving average of $43.62 and a 200 day moving average of $50.09. Navios Maritime Partners L.P. has a 52 week low of $32.42 and a 52 week high of $65.89.

Navios Maritime Partners (NYSE:NMM) last released its quarterly earnings results on Thursday, February 13th. The shipping company reported $2.61 EPS for the quarter, missing the consensus estimate of $4.54 by ($1.93). Navios Maritime Partners had a return on equity of 11.64% and a net margin of 27.53%. The company had revenue of $302.99 million during the quarter, compared to the consensus estimate of $340.83 million. On average, sell-side analysts predict that Navios Maritime Partners L.P. will post 12.64 earnings per share for the current fiscal year.

Navios Maritime Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Monday, February 10th. Navios Maritime Partners’s payout ratio is 1.67%.

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.