Sei Investments Co. Acquires 48,612 Shares of Navios Maritime Partners L.P. (NYSE:NMM)

Sei Investments Co. raised its holdings in Navios Maritime Partners L.P. (NYSE:NMM) by 748.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,109 shares of the shipping company’s stock after acquiring an additional 48,612 shares during the quarter. Sei Investments Co. owned approximately 0.18% of Navios Maritime Partners worth $2,812,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BNP Paribas Financial Markets grew its holdings in shares of Navios Maritime Partners by 30,700.0% in the first quarter. BNP Paribas Financial Markets now owns 1,232 shares of the shipping company’s stock worth $53,000 after purchasing an additional 1,228 shares during the last quarter. Westhampton Capital LLC bought a new position in Navios Maritime Partners in the 1st quarter worth about $241,000. Aristides Capital LLC purchased a new position in shares of Navios Maritime Partners during the first quarter worth approximately $361,000. Tactive Advisors LLC bought a new stake in shares of Navios Maritime Partners during the first quarter valued at approximately $442,000. Finally, Virtu Financial LLC purchased a new stake in shares of Navios Maritime Partners in the first quarter valued at approximately $452,000. Hedge funds and other institutional investors own 62.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on NMM. Jefferies Financial Group lifted their target price on 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 upgraded Navios Maritime Partners from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st.

Navios Maritime Partners Price Performance

NYSE NMM opened at $64.00 on Friday. The company has a market cap of $1.93 billion, a PE ratio of 4.92 and a beta of 1.97. The firm’s 50 day moving average price is $52.08 and its 200-day moving average price is $48.72. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.69 and a current ratio of 0.69. Navios Maritime Partners L.P. has a 52-week low of $21.18 and a 52-week high of $65.89.

Navios Maritime Partners (NYSE:NMM) last announced its earnings results on Tuesday, August 20th. The shipping company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.22. The business had revenue of $342.20 million for the quarter, compared to analysts’ expectations of $312.39 million. Navios Maritime Partners had a return on equity of 13.63% and a net margin of 30.28%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.32 EPS. Sell-side analysts forecast that Navios Maritime Partners L.P. will post 14.37 EPS for the current fiscal year.

Navios Maritime Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Friday, August 9th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.31%. Navios Maritime Partners’s dividend payout ratio is presently 1.51%.

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 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.