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

Virtu Financial LLC purchased a new position in shares of Navios Maritime Partners L.P. (NYSE:NMM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,163 shares of the shipping company’s stock, valued at approximately $511,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NMM. BNP Paribas Financial Markets raised its position in Navios Maritime Partners by 21.8% during the third quarter. BNP Paribas Financial Markets now owns 2,149 shares of the shipping company’s stock worth $135,000 after acquiring an additional 384 shares in the last quarter. Merrion Investment Management Co LLC bought a new position in shares of Navios Maritime Partners in the third quarter valued at about $401,000. Consolidated Portfolio Review Corp bought a new position in shares of Navios Maritime Partners in the third quarter valued at about $935,000. Corsair Capital Management L.P. bought a new position in shares of Navios Maritime Partners in the third quarter valued at about $1,000,000. Finally, Pekin Hardy Strauss Inc. bought a new position in shares of Navios Maritime Partners in the second quarter valued at about $1,375,000. 62.74% of the stock is owned by institutional investors.

Navios Maritime Partners Trading Down 0.6 %

NMM stock opened at $43.75 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 company’s 50-day simple moving average is $53.23 and its 200 day simple moving average is $52.17. Navios Maritime Partners L.P. has a 52 week low of $26.20 and a 52 week high of $65.89. The company has a market capitalization of $1.31 billion, a PE ratio of 3.32 and a beta of 1.95.

Navios Maritime Partners (NYSE:NMM) last released its quarterly earnings results on Tuesday, November 5th. The shipping company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.80 by ($0.65). Navios Maritime Partners had a net margin of 30.48% and a return on equity of 13.66%. The business had revenue of $340.84 million during the quarter, compared to analyst estimates of $326.32 million. During the same quarter last year, the company posted $2.68 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Navios Maritime Partners L.P. will post 12.37 earnings per share for the current year.

Navios Maritime Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 12th were paid a $0.05 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.46%. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 1.52%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NMM. Jefferies Financial Group increased their price objective on shares of Navios Maritime Partners from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. StockNews.com raised shares of Navios Maritime Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st.

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.