ING Groep NV Purchases 53,400 Shares of Navios Maritime Partners LP $NMM

ING Groep NV boosted its position in shares of Navios Maritime Partners LP (NYSE:NMM) by 123.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,600 shares of the shipping company’s stock after acquiring an additional 53,400 shares during the quarter. ING Groep NV owned 0.33% of Navios Maritime Partners worth $4,352,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NMM. Moors & Cabot Inc. grew its position in shares of Navios Maritime Partners by 10.4% in the 2nd quarter. Moors & Cabot Inc. now owns 91,932 shares of the shipping company’s stock valued at $3,464,000 after acquiring an additional 8,651 shares during the period. Merrion Investment Management Co LLC grew its holdings in Navios Maritime Partners by 8.3% during the second quarter. Merrion Investment Management Co LLC now owns 65,000 shares of the shipping company’s stock worth $2,449,000 after purchasing an additional 5,000 shares during the period. Allworth Financial LP bought a new position in Navios Maritime Partners during the second quarter worth about $47,000. TD Waterhouse Canada Inc. acquired a new position in Navios Maritime Partners during the second quarter worth approximately $62,000. Finally, JPMorgan Chase & Co. raised its stake in Navios Maritime Partners by 64.6% in the second quarter. JPMorgan Chase & Co. now owns 17,844 shares of the shipping company’s stock valued at $672,000 after buying an additional 7,006 shares during the period. Institutional investors and hedge funds own 62.74% of the company’s stock.

Navios Maritime Partners Price Performance

Navios Maritime Partners stock opened at $60.44 on Friday. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 6.92 and a beta of 1.38. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.61. Navios Maritime Partners LP has a 12 month low of $28.37 and a 12 month high of $63.47. The stock’s 50 day moving average is $55.34 and its 200-day moving average is $50.19.

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

Navios Maritime Partners Announces Dividend

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

Wall Street Analyst Weigh In

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

Navios Maritime Partners Company 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.