Navios Maritime Partners L.P. (NYSE:NMM) Shares Purchased by Merrion Investment Management Co LLC

Merrion Investment Management Co LLC increased its position in shares of Navios Maritime Partners L.P. (NYSE:NMM) by 56.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,040 shares of the shipping company’s stock after acquiring an additional 3,640 shares during the period. Merrion Investment Management Co LLC’s holdings in Navios Maritime Partners were worth $435,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NMM. Sei Investments Co. boosted its position in shares of Navios Maritime Partners by 748.2% in the 2nd quarter. Sei Investments Co. now owns 55,109 shares of the shipping company’s stock valued at $2,812,000 after purchasing an additional 48,612 shares during the period. Consolidated Portfolio Review Corp acquired a new position in shares of Navios Maritime Partners in the 3rd quarter valued at $935,000. Main Street Financial Solutions LLC boosted its position in Navios Maritime Partners by 1.6% during the 3rd quarter. Main Street Financial Solutions LLC now owns 762,929 shares of the shipping company’s stock worth $47,782,000 after acquiring an additional 12,094 shares during the period. Moors & Cabot Inc. boosted its position in Navios Maritime Partners by 4.0% during the 3rd quarter. Moors & Cabot Inc. now owns 74,130 shares of the shipping company’s stock worth $4,643,000 after acquiring an additional 2,850 shares during the period. Finally, Integrated Investment Consultants LLC acquired a new stake in Navios Maritime Partners during the 3rd quarter worth about $4,208,000. Institutional investors and hedge funds own 62.74% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Navios Maritime Partners from a “hold” rating to a “buy” rating in a research report on Thursday, January 16th.

Navios Maritime Partners Trading Up 1.7 %

Shares of NYSE NMM opened at $41.48 on Thursday. The firm has a market capitalization of $1.24 billion, a PE ratio of 3.15 and a beta of 1.97. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.59. Navios Maritime Partners L.P. has a one year low of $27.47 and a one year high of $65.89. The business has a 50-day moving average price of $45.05 and a two-hundred day moving average price of $50.57.

Navios Maritime Partners (NYSE:NMM) last announced its quarterly earnings results on Tuesday, November 5th. The shipping company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.80 by ($0.65). The firm had revenue of $340.84 million for the quarter, compared to analyst estimates of $326.32 million. Navios Maritime Partners had a net margin of 30.48% and a return on equity of 13.66%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.68 earnings per share. As a group, analysts predict that Navios Maritime Partners L.P. will post 11.89 earnings per share for the current fiscal year.

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.