Macquarie Group Ltd. Acquires 21,937 Shares of Navios Maritime Partners L.P. (NMM)

Macquarie Group Ltd. raised its holdings in Navios Maritime Partners L.P. (NYSE:NMM) by 97.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,409 shares of the shipping company’s stock after purchasing an additional 21,937 shares during the quarter. Macquarie Group Ltd.’s holdings in Navios Maritime Partners were worth $38,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Renaissance Technologies LLC increased its stake in shares of Navios Maritime Partners by 10.2% during the third quarter. Renaissance Technologies LLC now owns 2,601,200 shares of the shipping company’s stock worth $4,552,000 after acquiring an additional 241,302 shares during the period. Globeflex Capital L P acquired a new position in shares of Navios Maritime Partners during the fourth quarter worth about $750,000. Finally, Two Sigma Securities LLC increased its stake in shares of Navios Maritime Partners by 235.2% during the fourth quarter. Two Sigma Securities LLC now owns 38,535 shares of the shipping company’s stock worth $33,000 after acquiring an additional 27,039 shares during the period. Institutional investors own 12.72% of the company’s stock.

Shares of NMM opened at $0.95 on Friday. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.62. Navios Maritime Partners L.P. has a twelve month low of $0.78 and a twelve month high of $2.11. The stock has a market cap of $158.39 million, a price-to-earnings ratio of 4.34 and a beta of 1.81.

Navios Maritime Partners (NYSE:NMM) last issued its earnings results on Thursday, January 31st. The shipping company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). Navios Maritime Partners had a positive return on equity of 4.59% and a negative net margin of 5.65%. The company had revenue of $57.54 million for the quarter, compared to analyst estimates of $57.92 million. Equities analysts anticipate that Navios Maritime Partners L.P. will post 0.04 EPS for the current year.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Navios Maritime Partners from a “buy” rating to a “hold” rating in a research note on Saturday, February 2nd. ValuEngine upgraded shares of Navios Maritime Partners from a “sell” rating to a “hold” rating in a research note on Monday, April 1st.

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Navios Maritime Partners Company 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 dry cargo commodities, including iron ore, coal, grain, and fertilizers, as well as charters its vessels under medium to long-term charters.

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Institutional Ownership by Quarter for Navios Maritime Partners (NYSE:NMM)

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