Navios Maritime Partners L.P. (NYSE:NMM) Short Interest Up 60.9% in November

Navios Maritime Partners L.P. (NYSE:NMM) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 299,200 shares, an increase of 60.9% from the October 31st total of 185,900 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average daily volume of 216,700 shares, the short-interest ratio is presently 1.4 days.

Hedge Funds Weigh In On Navios Maritime Partners

A number of institutional investors have recently bought and sold shares of NMM. Virtu Financial LLC acquired a new stake in shares of Navios Maritime Partners in the first quarter valued at approximately $452,000. Commonwealth Equity Services LLC lifted its holdings in Navios Maritime Partners by 1.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 131,707 shares of the shipping company’s stock valued at $6,721,000 after purchasing an additional 2,169 shares during the last quarter. Acadian Asset Management LLC boosted its position in Navios Maritime Partners by 870.2% during the second quarter. Acadian Asset Management LLC now owns 126,709 shares of the shipping company’s stock worth $6,463,000 after purchasing an additional 113,649 shares during the period. Main Street Financial Solutions LLC boosted its position in Navios Maritime Partners by 2,977.2% during the second quarter. Main Street Financial Solutions LLC now owns 750,835 shares of the shipping company’s stock worth $38,315,000 after purchasing an additional 726,435 shares during the period. Finally, Moors & Cabot Inc. increased its holdings in shares of Navios Maritime Partners by 37.2% in the second quarter. Moors & Cabot Inc. now owns 71,280 shares of the shipping company’s stock valued at $3,637,000 after purchasing an additional 19,330 shares during the last quarter. Institutional investors and hedge funds own 62.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com raised shares of Navios Maritime Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. Jefferies Financial Group upped their target price on Navios Maritime Partners from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, September 19th.

Navios Maritime Partners Trading Up 0.7 %

NYSE NMM opened at $47.91 on Friday. Navios Maritime Partners has a 12 month low of $24.51 and a 12 month high of $65.89. 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 50 day moving average of $56.55 and a 200-day moving average of $52.16. The company has a market cap of $1.43 billion, a PE ratio of 3.64 and a beta of 1.99.

Navios Maritime Partners (NYSE:NMM) last announced its quarterly earnings results on Tuesday, November 5th. The shipping company reported $3.15 EPS for the quarter, missing analysts’ consensus estimates of $3.80 by ($0.65). Navios Maritime Partners had a net margin of 30.48% and a return on equity of 13.86%. The firm had revenue of $340.84 million during the quarter, compared to analyst estimates of $326.32 million. During the same quarter in the prior year, the business earned $2.68 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts anticipate that Navios Maritime Partners will post 12.37 EPS for the current fiscal year.

Navios Maritime Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 12th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date was Tuesday, November 12th. Navios Maritime Partners’s payout ratio is currently 1.52%.

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.