Navios Maritime Partners L.P. (NYSE:NMM) Short Interest Update

Navios Maritime Partners L.P. (NYSE:NMM) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 251,200 shares, a decrease of 22.8% from the March 15th total of 325,200 shares. Based on an average daily trading volume, of 158,700 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.4% of the shares of the stock are sold short.

Navios Maritime Partners Trading Down 0.9 %

NMM stock traded down $0.38 during midday trading on Monday, reaching $42.57. 90,574 shares of the company traded hands, compared to its average volume of 156,701. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 3.02 and a beta of 1.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 0.87. The business has a 50 day moving average of $37.88 and a 200-day moving average of $29.83. Navios Maritime Partners has a 52-week low of $19.23 and a 52-week high of $45.88.

Navios Maritime Partners (NYSE:NMM) last issued its quarterly earnings results on Tuesday, February 13th. The shipping company reported $4.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $1.74. Navios Maritime Partners had a return on equity of 14.74% and a net margin of 33.18%. The company had revenue of $327.50 million during the quarter, compared to the consensus estimate of $322.00 million. During the same period last year, the company earned $3.66 earnings per share. Navios Maritime Partners’s revenue was down 11.7% on a year-over-year basis. As a group, sell-side analysts expect that Navios Maritime Partners will post 14.43 earnings per share for the current fiscal year.

Navios Maritime Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Monday, February 12th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Friday, February 9th. Navios Maritime Partners’s dividend payout ratio (DPR) is currently 1.42%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Geneos Wealth Management Inc. purchased a new position in Navios Maritime Partners in the 1st quarter worth about $28,000. Bank of America Corp DE raised its stake in shares of Navios Maritime Partners by 147.4% during the first quarter. Bank of America Corp DE now owns 1,549 shares of the shipping company’s stock valued at $55,000 after acquiring an additional 923 shares in the last quarter. Credit Suisse AG purchased a new stake in shares of Navios Maritime Partners in the second quarter valued at approximately $43,000. Captrust Financial Advisors grew its stake in Navios Maritime Partners by 14.0% in the second quarter. Captrust Financial Advisors now owns 3,421 shares of the shipping company’s stock worth $79,000 after purchasing an additional 421 shares in the last quarter. Finally, State of Wyoming increased its holdings in Navios Maritime Partners by 17.6% during the 4th quarter. State of Wyoming now owns 3,442 shares of the shipping company’s stock worth $89,000 after purchasing an additional 514 shares during the period. Hedge funds and other institutional investors own 62.74% of the company’s stock.

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.