Sei Investments Co. Acquires Shares of 27,997 Navios Maritime Partners LP $NMM

Sei Investments Co. acquired a new position in Navios Maritime Partners LP (NYSE:NMM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,997 shares of the shipping company’s stock, valued at approximately $1,889,000.

Several other large investors also recently made changes to their positions in NMM. ION Fund Management Ltd acquired a new stake in shares of Navios Maritime Partners in the fourth quarter valued at $24,432,000. Walleye Capital LLC raised its holdings in shares of Navios Maritime Partners by 45,274.3% in the first quarter. Walleye Capital LLC now owns 149,527 shares of the shipping company’s stock valued at $10,090,000 after buying an additional 149,858 shares during the last quarter. Marnell Management LLC acquired a new position in Navios Maritime Partners during the 4th quarter worth about $5,027,000. JPMorgan Chase & Co. lifted its position in Navios Maritime Partners by 150.9% during the 4th quarter. JPMorgan Chase & Co. now owns 87,535 shares of the shipping company’s stock worth $4,589,000 after buying an additional 52,651 shares in the last quarter. Finally, ING Groep NV grew its holdings in Navios Maritime Partners by 51.7% during the 4th quarter. ING Groep NV now owns 146,500 shares of the shipping company’s stock worth $7,681,000 after acquiring an additional 49,900 shares during the last quarter. Institutional investors own 62.74% of the company’s stock.

Navios Maritime Partners Price Performance

Shares of NMM stock opened at $79.09 on Monday. The stock has a 50-day moving average price of $74.14 and a 200 day moving average price of $69.68. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.57. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 6.66 and a beta of 1.02. Navios Maritime Partners LP has a 12 month low of $42.77 and a 12 month high of $82.84.

Navios Maritime Partners (NYSE:NMM) last announced its quarterly earnings data on Thursday, May 21st. The shipping company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.58. Navios Maritime Partners had a return on equity of 10.48% and a net margin of 25.05%.The firm had revenue of $357.01 million during the quarter, compared to analysts’ expectations of $317.80 million. During the same period in the previous year, the business posted $1.58 EPS. The company’s quarterly revenue was up 17.4% compared to the same quarter last year.

Navios Maritime Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, August 10th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, August 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Navios Maritime Partners’s payout ratio is currently 2.02%.

Insider Buying and Selling at Navios Maritime Partners

In other Navios Maritime Partners news, insider Angeliki Frangou acquired 1,054 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average cost of $78.94 per share, for a total transaction of $83,202.76. Following the completion of the acquisition, the insider directly owned 4,787,732 shares of the company’s stock, valued at approximately $377,943,564.08. This represents a 0.02% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 65,053 shares of company stock worth $4,801,006 over the last ninety days.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Jefferies Financial Group began coverage on shares of Navios Maritime Partners in a research report on Friday, April 24th. They issued a “buy” rating and a $85.00 price objective for the company. Weiss Ratings lowered shares of Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Navios Maritime Partners has an average rating of “Moderate Buy” and an average price target of $85.00.

Navios Maritime Partners 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.