SG Americas Securities LLC Purchases Shares of 9,218 Navios Maritime Partners LP $NMM

SG Americas Securities LLC acquired a new position in shares of Navios Maritime Partners LP (NYSE:NMM) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,218 shares of the shipping company’s stock, valued at approximately $622,000.

A number of other institutional investors and hedge funds also recently modified their holdings of NMM. ION Fund Management Ltd bought a new position in Navios Maritime Partners during the fourth quarter worth about $24,432,000. Marnell Management LLC acquired a new stake in shares of Navios Maritime Partners in the fourth quarter valued at approximately $5,027,000. JPMorgan Chase & Co. boosted its stake in shares of Navios Maritime Partners by 150.9% during the 4th quarter. JPMorgan Chase & Co. now owns 87,535 shares of the shipping company’s stock worth $4,589,000 after acquiring an additional 52,651 shares during the period. ING Groep NV increased its holdings in shares of Navios Maritime Partners by 51.7% during the 4th quarter. ING Groep NV now owns 146,500 shares of the shipping company’s stock worth $7,681,000 after acquiring an additional 49,900 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in shares of Navios Maritime Partners during the 4th quarter worth approximately $1,507,000. 62.74% of the stock is owned by institutional investors.

Navios Maritime Partners Stock Performance

NYSE:NMM opened at $75.08 on Wednesday. The stock has a 50 day simple moving average of $72.35 and a 200 day simple moving average of $65.90. The stock has a market cap of $2.15 billion, a P/E ratio of 6.32 and a beta of 1.00. Navios Maritime Partners LP has a 1-year low of $37.42 and a 1-year high of $80.69. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.57.

Navios Maritime Partners (NYSE:NMM) last posted its quarterly earnings data on Thursday, May 21st. The shipping company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.58. Navios Maritime Partners had a return on equity of 10.48% and a net margin of 25.05%.The firm had revenue of $357.01 million for the quarter, compared to analysts’ expectations of $317.80 million. During the same quarter last year, the business earned $1.58 EPS. The company’s quarterly revenue was up 17.4% compared to the same quarter last year.

Navios Maritime Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. This is a boost from Navios Maritime Partners’s previous quarterly dividend of $0.05. The ex-dividend date was Monday, May 11th. Navios Maritime Partners’s dividend payout ratio is currently 2.02%.

Insider Buying and Selling

In other Navios Maritime Partners news, insider Angeliki Frangou acquired 1,214 shares of the company’s stock in a transaction on Wednesday, April 22nd. The stock was acquired at an average price of $69.58 per share, for a total transaction of $84,470.12. Following the purchase, the insider directly owned 4,704,292 shares of the company’s stock, valued at $327,324,637.36. This trade represents a 0.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have bought 68,581 shares of company stock worth $4,933,681 over the last 90 days.

Key Stories Impacting Navios Maritime Partners

Here are the key news stories impacting Navios Maritime Partners this week:

• Positive Sentiment: CEO Angeliki Frangou bought 1,189 shares on July 1, adding to a string of recent open-market purchases, reinforcing a bullish signal from management. Article Title
• Positive Sentiment: Frangou also bought additional shares on July 2 and July 6, extending a multi-day buying pattern that may support investor sentiment around Navios Maritime Partners’ valuation. Article Title
• Neutral Sentiment: The purchases were relatively small in percentage terms, so while they signal confidence, they are not large enough on their own to materially change the company’s fundamentals or near-term outlook.
• Neutral Sentiment: NMM had already posted solid recent results, including earnings and revenue that topped expectations, and it continues to trade near the upper end of its 52-week range.
• Negative Sentiment: No major negative company-specific news was disclosed in the latest batch of articles, so any downside pressure would more likely come from broader shipping-market or market-wide volatility rather than a fresh fundamental setback.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Jefferies Financial Group started coverage on shares of Navios Maritime Partners in a report on Friday, April 24th. They issued a “buy” rating and a $85.00 price objective on the stock. Wall Street Zen upgraded shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Finally, Weiss Ratings downgraded shares of Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Navios Maritime Partners has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

About Navios Maritime Partners

Navios Maritime Partners L.P. (NYSE: NMM) is a dry bulk shipping company that owns and operates a fleet of Capesize, Panamax and Supramax vessels. The partnership charters its vessels under medium- and long-term contracts to a diverse group of charterers, providing seaborne transportation for major bulk cargoes such as iron ore, coal, grain and fertilizers. Through this asset-light model, Navios Maritime Partners seeks to generate stable cash flows while retaining flexibility to capitalize on market opportunities.

Formed in November 2007 and sponsored by Navios Maritime Holdings Inc, the partnership leverages the operating platform and commercial management capabilities of the Navios group.