Ieq Capital LLC Acquires Shares of 40,440 Navios Maritime Partners L.P. (NYSE:NMM)

Ieq Capital LLC acquired a new stake in shares of Navios Maritime Partners L.P. (NYSE:NMM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 40,440 shares of the shipping company’s stock, valued at approximately $2,064,000. Ieq Capital LLC owned about 0.13% of Navios Maritime Partners as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NMM. Westhampton Capital LLC purchased a new stake in Navios Maritime Partners during the 1st quarter valued at approximately $241,000. Commonwealth Equity Services LLC increased its position in Navios Maritime Partners by 11.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 129,538 shares of the shipping company’s stock worth $5,521,000 after purchasing an additional 13,037 shares during the period. BNP Paribas Financial Markets increased its position in Navios Maritime Partners by 30,700.0% during the 1st quarter. BNP Paribas Financial Markets now owns 1,232 shares of the shipping company’s stock worth $53,000 after purchasing an additional 1,228 shares during the period. Acadian Asset Management LLC acquired a new position in Navios Maritime Partners during the 1st quarter worth approximately $555,000. Finally, Aristides Capital LLC acquired a new position in Navios Maritime Partners during the 1st quarter worth approximately $361,000. 62.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. StockNews.com upgraded Navios Maritime Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. Jefferies Financial Group boosted their target price on Navios Maritime Partners from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday.

Navios Maritime Partners Stock Performance

NMM opened at $57.10 on Friday. The stock has a market cap of $1.72 billion, a P/E ratio of 4.31 and a beta of 1.97. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.89 and a quick ratio of 0.89. The stock’s 50 day simple moving average is $50.09 and its 200 day simple moving average is $47.57. Navios Maritime Partners L.P. has a 1-year low of $21.18 and a 1-year high of $58.22.

Navios Maritime Partners (NYSE:NMM) last released its quarterly earnings results on Tuesday, August 20th. The shipping company reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.22. The business had revenue of $342.20 million for the quarter, compared to analysts’ expectations of $312.39 million. Navios Maritime Partners had a return on equity of 13.86% and a net margin of 30.28%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.32 EPS. As a group, equities analysts anticipate that Navios Maritime Partners L.P. will post 14.8 EPS for the current fiscal year.

Navios Maritime Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Friday, August 9th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend was Friday, August 9th. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 1.51%.

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.