Natixis Grows Stock Position in Navios Maritime Partners L.P. (NYSE:NMM)

Natixis increased its position in shares of Navios Maritime Partners L.P. (NYSE:NMM) by 0.3% in the 4th quarter, Holdings Channel reports. The firm owned 124,727 shares of the shipping company’s stock after purchasing an additional 397 shares during the period. Natixis’ holdings in Navios Maritime Partners were worth $5,399,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC acquired a new stake in Navios Maritime Partners during the 4th quarter worth $204,000. Raymond James Financial Inc. acquired a new position in Navios Maritime Partners during the fourth quarter worth about $219,000. First Trust Advisors LP boosted its position in Navios Maritime Partners by 23.7% during the fourth quarter. First Trust Advisors LP now owns 5,325 shares of the shipping company’s stock worth $231,000 after acquiring an additional 1,020 shares during the last quarter. Virtu Financial LLC purchased a new stake in Navios Maritime Partners during the 3rd quarter valued at about $511,000. Finally, Merrion Investment Management Co LLC raised its holdings in Navios Maritime Partners by 56.9% in the 4th quarter. Merrion Investment Management Co LLC now owns 10,040 shares of the shipping company’s stock valued at $435,000 after acquiring an additional 3,640 shares during the last quarter. 62.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Navios Maritime Partners from a “hold” rating to a “buy” rating in a report on Thursday, March 13th.

Navios Maritime Partners Stock Up 0.2 %

Shares of NYSE:NMM opened at $32.63 on Monday. Navios Maritime Partners L.P. has a 52-week low of $28.37 and a 52-week high of $65.89. 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 business has a fifty day moving average of $38.52 and a two-hundred day moving average of $45.29. The stock has a market cap of $968.80 million, a P/E ratio of 2.72 and a beta of 1.65.

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

Navios Maritime Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders 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 0.61%. The ex-dividend date was Monday, February 10th. Navios Maritime Partners’s payout ratio is presently 1.67%.

About Navios Maritime Partners

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.