Proficio Capital Partners LLC Makes New Investment in Navios Maritime Partners L.P. (NYSE:NMM)

Proficio Capital Partners LLC purchased a new stake in Navios Maritime Partners L.P. (NYSE:NMM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,152 shares of the shipping company’s stock, valued at approximately $656,000. Proficio Capital Partners LLC owned approximately 0.05% of Navios Maritime Partners as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Main Street Financial Solutions LLC increased its holdings in Navios Maritime Partners by 1.6% during the 3rd quarter. Main Street Financial Solutions LLC now owns 762,929 shares of the shipping company’s stock worth $47,782,000 after purchasing an additional 12,094 shares in the last quarter. Moors & Cabot Inc. boosted its position in shares of Navios Maritime Partners by 4.0% during the third quarter. Moors & Cabot Inc. now owns 74,130 shares of the shipping company’s stock worth $4,643,000 after buying an additional 2,850 shares during the period. ING Groep NV grew its holdings in shares of Navios Maritime Partners by 446.2% during the fourth quarter. ING Groep NV now owns 71,000 shares of the shipping company’s stock worth $3,074,000 after buying an additional 58,000 shares in the last quarter. Integrated Investment Consultants LLC bought a new position in shares of Navios Maritime Partners during the third quarter worth about $4,208,000. Finally, Walleye Capital LLC raised its position in Navios Maritime Partners by 4,002.4% in the 3rd quarter. Walleye Capital LLC now owns 35,512 shares of the shipping company’s stock valued at $2,224,000 after buying an additional 36,422 shares during the last quarter. Institutional investors and hedge funds own 62.74% of the company’s stock.

Navios Maritime Partners Stock Performance

Shares of NYSE NMM opened at $40.67 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50 day moving average price of $43.09 and a 200 day moving average price of $49.69. The stock has a market capitalization of $1.22 billion, a PE ratio of 3.39 and a beta of 1.87. Navios Maritime Partners L.P. has a 52 week low of $37.87 and a 52 week high of $65.89.

Navios Maritime Partners (NYSE:NMM) last announced its quarterly earnings results on Thursday, February 13th. The shipping company reported $2.61 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $302.99 million for the quarter, compared to analyst estimates of $340.83 million. Analysts predict that Navios Maritime Partners L.P. will post 12.64 earnings per share for the current fiscal year.

Navios Maritime Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Monday, February 10th. Navios Maritime Partners’s dividend payout ratio is currently 1.67%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Navios Maritime Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, March 4th.

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.