SG Americas Securities LLC Acquires New Shares in 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 the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,218 shares of the shipping company’s stock, valued at approximately $622,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in shares of Navios Maritime Partners by 64.6% in the second quarter. JPMorgan Chase & Co. now owns 17,844 shares of the shipping company’s stock worth $672,000 after acquiring an additional 7,006 shares in the last quarter. Jump Financial LLC bought a new position in shares of Navios Maritime Partners during the 2nd quarter valued at about $580,000. Cerity Partners LLC acquired a new position in shares of Navios Maritime Partners in the 2nd quarter valued at approximately $212,000. BNP Paribas Financial Markets grew its position in shares of Navios Maritime Partners by 25.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,706 shares of the shipping company’s stock valued at $290,000 after purchasing an additional 1,559 shares during the period. Finally, Ion Asset Management Ltd. increased its stake in Navios Maritime Partners by 2.2% during the 2nd quarter. Ion Asset Management Ltd. now owns 817,963 shares of the shipping company’s stock worth $30,821,000 after purchasing an additional 17,285 shares in the last quarter. 62.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. 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. Jefferies Financial Group assumed coverage on shares of Navios Maritime Partners in a research report on Friday, April 24th. They set a “buy” rating and a $85.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Navios Maritime Partners Stock Performance

Shares of NMM stock opened at $75.08 on Wednesday. Navios Maritime Partners LP has a 12 month low of $37.42 and a 12 month high of $80.69. The company’s fifty day simple moving average is $72.35 and its 200-day simple moving average is $65.90. The firm has a market cap of $2.15 billion, a PE ratio of 6.32 and a beta of 1.00. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.57.

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

Navios Maritime Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were given a $0.06 dividend. This is an increase from Navios Maritime Partners’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, May 11th. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 2.02%.

Insider Activity

In related news, insider Angeliki Frangou bought 1,149 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were acquired at an average price of $74.48 per share, for a total transaction of $85,577.52. Following the completion of the acquisition, the insider owned 4,762,129 shares of the company’s stock, valued at approximately $354,683,367.92. The trade was a 0.02% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders bought a total of 68,581 shares of company stock valued at $4,933,681 over the last 90 days.

Navios Maritime Partners News Summary

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.

Navios Maritime Partners Company Profile

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.