Virtu Financial LLC bought a new stake in shares of Navios Maritime Partners L.P. (NYSE:NMM) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 83,105 shares of the shipping company’s stock, valued at approximately $196,000. Virtu Financial LLC owned about 0.06% of Navios Maritime Partners as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Navios Maritime Partners by 17.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,516,136 shares of the shipping company’s stock valued at $3,184,000 after buying an additional 226,982 shares during the period. Macquarie Group Ltd. acquired a new position in shares of Navios Maritime Partners in the 3rd quarter valued at $320,000. Finally, Concourse Capital Management LLC acquired a new position in shares of Navios Maritime Partners in the 4th quarter valued at $208,000. Institutional investors own 16.05% of the company’s stock.
Several equities analysts have recently issued reports on NMM shares. Jefferies Group started coverage on shares of Navios Maritime Partners in a report on Monday, December 18th. They issued a “buy” rating and a $2.00 price target for the company. JPMorgan Chase & Co. lowered shares of Navios Maritime Partners from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 17th. Finally, Zacks Investment Research raised shares of Navios Maritime Partners from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $2.44.
Navios Maritime Partners (NYSE:NMM) last announced its earnings results on Monday, February 5th. The shipping company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.04. The firm had revenue of $59.27 million during the quarter, compared to analyst estimates of $57.86 million. Navios Maritime Partners had a negative net margin of 7.13% and a positive return on equity of 2.77%. analysts predict that Navios Maritime Partners L.P. will post 0.17 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 14th. Investors of record on Thursday, May 10th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend is Wednesday, May 9th.
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Navios Maritime Partners Profile
Navios Maritime Partners L.P. is an international owner and operator of dry cargo and container vessels. The Company is engaged in the seaborne transportation services of a range of dry cargo commodities, including iron ore, coal, grain and fertilizer, and also containers, chartering its vessels under medium to long-term charters.
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