Consolidated Portfolio Review Corp Makes New Investment in Navios Maritime Partners L.P. (NYSE:NMM)

Consolidated Portfolio Review Corp purchased a new position in Navios Maritime Partners L.P. (NYSE:NMM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,934 shares of the shipping company’s stock, valued at approximately $935,000.

A number of other large investors have also bought and sold shares of NMM. BNP Paribas Financial Markets grew its holdings in Navios Maritime Partners by 30,700.0% in the first quarter. BNP Paribas Financial Markets now owns 1,232 shares of the shipping company’s stock worth $53,000 after purchasing an additional 1,228 shares during the period. Westhampton Capital LLC acquired a new position in shares of Navios Maritime Partners during the first quarter valued at about $241,000. Aristides Capital LLC acquired a new position in shares of Navios Maritime Partners during the first quarter valued at about $361,000. Merrion Investment Management Co LLC acquired a new position in shares of Navios Maritime Partners during the third quarter valued at about $401,000. Finally, Tactive Advisors LLC acquired a new position in shares of Navios Maritime Partners during the first quarter valued at about $442,000. 62.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Navios Maritime Partners from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. Jefferies Financial Group lifted their price objective on shares of Navios Maritime Partners from $65.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, September 19th.

Navios Maritime Partners Stock Up 0.1 %

Shares of NMM traded up $0.04 during trading hours on Friday, reaching $57.51. 83,797 shares of the stock traded hands, compared to its average volume of 177,879. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $57.03 and a 200 day simple moving average of $50.75. Navios Maritime Partners L.P. has a 52 week low of $21.18 and a 52 week high of $65.89. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 4.34 and a beta of 1.97.

Navios Maritime Partners (NYSE:NMM) last released its quarterly earnings results on Tuesday, August 20th. The shipping company reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.22. The company had revenue of $342.20 million for the quarter, compared to analyst estimates of $312.39 million. Navios Maritime Partners had a net margin of 30.28% and a return on equity of 13.63%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $3.32 earnings per share. On average, equities analysts forecast that Navios Maritime Partners L.P. will post 14.37 EPS for the current 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.