Mraz Amerine & Associates Inc. Sells 2,380 Shares of Navios Maritime Partners L.P. (NYSE:NMM)

Mraz Amerine & Associates Inc. lowered its holdings in Navios Maritime Partners L.P. (NYSE:NMM) by 7.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 29,896 shares of the shipping company’s stock after selling 2,380 shares during the quarter. Mraz Amerine & Associates Inc. owned approximately 0.10% of Navios Maritime Partners worth $1,872,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Main Street Financial Solutions LLC raised its holdings in Navios Maritime Partners by 2,977.2% in the 2nd 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 in the last quarter. Commonwealth Equity Services LLC raised its stake in Navios Maritime Partners by 1.7% in the second quarter. Commonwealth Equity Services LLC now owns 131,707 shares of the shipping company’s stock worth $6,721,000 after buying an additional 2,169 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Navios Maritime Partners by 870.2% in the second quarter. Acadian Asset Management LLC now owns 126,709 shares of the shipping company’s stock worth $6,463,000 after buying an additional 113,649 shares during the period. Moors & Cabot Inc. boosted its position in Navios Maritime Partners by 37.2% during the 2nd quarter. Moors & Cabot Inc. now owns 71,280 shares of the shipping company’s stock valued at $3,637,000 after acquiring an additional 19,330 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Navios Maritime Partners by 748.2% during the 2nd quarter. Sei Investments Co. now owns 55,109 shares of the shipping company’s stock worth $2,812,000 after acquiring an additional 48,612 shares during the period. 62.74% of the stock is currently owned by institutional investors.

Navios Maritime Partners Stock Up 0.3 %

Shares of NYSE:NMM opened at $57.47 on Friday. 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 $56.80 and a two-hundred day simple moving average of $50.64. Navios Maritime Partners L.P. has a 12-month low of $21.18 and a 12-month high of $65.89. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 4.46 and a beta of 1.97.

Navios Maritime Partners (NYSE:NMM) last announced its quarterly earnings results on Tuesday, August 20th. The shipping company reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.22. The company had revenue of $342.20 million for the quarter, compared to analysts’ expectations of $312.39 million. Navios Maritime Partners had a net margin of 30.28% and a return on equity of 13.63%. Navios Maritime Partners’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.32 EPS. On average, research analysts anticipate that Navios Maritime Partners L.P. will post 14.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented 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 target on shares of Navios Maritime Partners from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, September 19th.

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.