Jump Financial LLC Acquires 12,600 Shares of Navios Maritime Partners L.P. (NYSE:NMM)

Jump Financial LLC raised its holdings in shares of Navios Maritime Partners L.P. (NYSE:NMM) by 135.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,900 shares of the shipping company’s stock after purchasing an additional 12,600 shares during the period. Jump Financial LLC owned 0.07% of Navios Maritime Partners worth $612,000 at the end of the most recent reporting period.

Separately, Moors & Cabot Inc. raised its position in shares of Navios Maritime Partners by 5.4% in the 3rd quarter. Moors & Cabot Inc. now owns 19,400 shares of the shipping company’s stock worth $449,000 after acquiring an additional 1,000 shares in the last quarter. 62.74% of the stock is owned by hedge funds and other institutional investors.

Navios Maritime Partners Stock Up 3.4 %

Shares of NYSE:NMM opened at $48.85 on Tuesday. Navios Maritime Partners L.P. has a 52-week low of $19.23 and a 52-week high of $49.18. The firm has a market capitalization of $1.47 billion, a P/E ratio of 3.69 and a beta of 1.96. The stock has a 50 day moving average price of $43.55 and a 200-day moving average price of $33.70. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 0.87.

Navios Maritime Partners (NYSE:NMM) last announced its earnings results on Tuesday, May 14th. The shipping company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.27. Navios Maritime Partners had a return on equity of 14.66% and a net margin of 30.99%. The firm had revenue of $318.60 million during the quarter, compared to analyst estimates of $283.59 million. During the same quarter in the prior year, the company earned $2.13 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Navios Maritime Partners L.P. will post 15.2 EPS for the current fiscal year.

Navios Maritime Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Friday, May 10th were paid a $0.05 dividend. The ex-dividend date was Thursday, May 9th. This represents a $0.20 annualized dividend and a dividend yield of 0.41%. Navios Maritime Partners’s payout ratio is currently 1.51%.

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.