Sei Investments Co. Decreases Holdings in Navios Maritime Partners L.P. (NYSE:NMM)
Sei Investments Co. has significantly reduced its stake in Navios Maritime Partners L.P. (NYSE:NMM) by 71.2%, now holding 9,113 shares after selling 22,530 shares in the fourth quarter. Other institutional investors have also adjusted their positions, with Commonwealth Equity Services LLC increasing its stake by 38.3%. Navios Maritime Partners recently reported earnings of $2.61 per share, missing estimates, and announced a quarterly dividend of $0.05. The stock is currently trading at $31.03, with a market cap of $921.40 million.
Sei Investments Co. reduced its stake in Navios Maritime Partners L.P. (NYSE:NMM - Free Report) by 71.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,113 shares of the shipping company's stock after selling 22,530 shares during the quarter. Sei Investments Co.'s holdings in Navios Maritime Partners were worth $395,000 at the end of the most recent quarter.
- ZIM Shipping stock proves unsinkable despite Red Sea disruptions
Several other institutional investors also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its stake in Navios Maritime Partners by 38.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 160,834 shares of the shipping company's stock valued at $6,963,000 after acquiring an additional 44,576 shares during the last quarter. Moors & Cabot Inc. lifted its stake in Navios Maritime Partners by 2.6% in the fourth quarter. Moors & Cabot Inc. now owns 76,031 shares of the shipping company's stock valued at $3,291,000 after purchasing an additional 1,901 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Navios Maritime Partners in the fourth quarter valued at approximately $219,000. Proficio Capital Partners LLC bought a new position in Navios Maritime Partners during the fourth quarter valued at $656,000. Finally, ING Groep NV increased its position in Navios Maritime Partners by 446.2% in 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 during the last quarter. Institutional investors own 62.74% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Navios Maritime Partners from a "hold" rating to a "buy" rating in a research note on Thursday, March 13th.
Check Out Our Latest Analysis on NMM
Navios Maritime Partners Price Performance
NMM opened at $31.03 on Friday. The company has a market capitalization of $921.40 million, a price-to-earnings ratio of 2.59 and a beta of 1.65. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $39.84 and a 200-day moving average price of $46.69. Navios Maritime Partners L.P. has a twelve month low of $28.37 and a twelve month high of $65.89.
Navios Maritime Partners (NYSE:NMM - Get Free Report) last issued its earnings results on Thursday, February 13th. The shipping company reported $2.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.54 by ($1.93). Navios Maritime Partners had a net margin of 27.53% and a return on equity of 11.64%. The business had revenue of $302.99 million for the quarter, compared to the consensus estimate of $340.83 million. Equities analysts expect that Navios Maritime Partners L.P. will post 12.64 EPS for the current year.
Navios Maritime Partners Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 annualized dividend and a yield of 0.64%. Navios Maritime Partners's dividend payout ratio is currently 1.67%.
About Navios Maritime Partners
(Free Report)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.
Featured Articles
- Five stocks we like better than Navios Maritime Partners
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Joby Aviation: Operational Momentum vs. Market Sentiment
- How to Start Investing in Real Estate
- Broadcom's Big Outperformance Shows Strength Amid Tariff Decline
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Carvana: Can Turnaround Strength Outdrive Market Headwinds?
Want to see what other hedge funds are holding NMM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Navios Maritime Partners L.P. (NYSE:NMM - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Navios Maritime Partners Right Now?
Before you consider Navios Maritime Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Navios Maritime Partners wasn't on the list.
While Navios Maritime Partners currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
