Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Purchases 1,201 Shares

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou purchased 1,201 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were bought at an average cost of $70.23 per share, for a total transaction of $84,346.23. Following the completion of the acquisition, the insider directly owned 4,698,298 shares in the company, valued at $329,961,468.54. The trade was a 0.03% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Angeliki Frangou also recently made the following trade(s):

• On Tuesday, April 14th, Angeliki Frangou bought 1,192 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $70.39 per share, for a total transaction of $83,904.88.
• On Thursday, April 16th, Angeliki Frangou bought 1,199 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $69.71 per share, for a total transaction of $83,582.29.
• On Monday, April 13th, Angeliki Frangou bought 1,204 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $70.24 per share, for a total transaction of $84,568.96.
• On Friday, April 10th, Angeliki Frangou bought 1,188 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $68.94 per share, for a total transaction of $81,900.72.
• On Thursday, April 9th, Angeliki Frangou bought 1,155 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $70.78 per share, for a total transaction of $81,750.90.
• On Wednesday, April 8th, Angeliki Frangou bought 1,208 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $71.40 per share, for a total transaction of $86,251.20.
• On Tuesday, April 7th, Angeliki Frangou bought 1,173 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $70.09 per share, for a total transaction of $82,215.57.
• On Monday, April 6th, Angeliki Frangou bought 1,200 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $70.47 per share, for a total transaction of $84,564.00.
• On Thursday, April 2nd, Angeliki Frangou bought 1,229 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $69.46 per share, for a total transaction of $85,366.34.
• On Wednesday, April 1st, Angeliki Frangou bought 1,234 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $68.21 per share, for a total transaction of $84,171.14.

Navios Maritime Partners Trading Down 0.1%

NMM opened at $69.43 on Friday. Navios Maritime Partners LP has a fifty-two week low of $31.13 and a fifty-two week high of $74.21. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.12 and a quick ratio of 1.13. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 7.22 and a beta of 1.23. The company’s 50 day moving average price is $66.63 and its two-hundred day moving average price is $56.81.

Navios Maritime Partners (NYSE:NMM) last posted its earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.99. Navios Maritime Partners had a net margin of 21.23% and a return on equity of 9.17%. The firm had revenue of $365.55 million for the quarter, compared to analyst estimates of $316.00 million. During the same period in the previous year, the firm posted $2.61 EPS. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, research analysts predict that Navios Maritime Partners LP will post 12.64 earnings per share for the current year.

Navios Maritime Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were given a $0.05 dividend. The ex-dividend date was Monday, February 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. Navios Maritime Partners’s payout ratio is 2.08%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of Navios Maritime Partners by 95.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 34,884 shares of the shipping company’s stock valued at $1,572,000 after acquiring an additional 17,040 shares during the period. Arbiter Partners Capital Management LLC acquired a new position in shares of Navios Maritime Partners during the 3rd quarter valued at $1,117,000. ING Groep NV lifted its position in shares of Navios Maritime Partners by 123.6% during the 3rd quarter. ING Groep NV now owns 96,600 shares of the shipping company’s stock valued at $4,352,000 after acquiring an additional 53,400 shares during the period. Blackhawk Capital Partners LLC acquired a new position in shares of Navios Maritime Partners during the 3rd quarter valued at $247,000. Finally, Live Oak Investment Partners lifted its position in shares of Navios Maritime Partners by 5.9% during the 3rd quarter. Live Oak Investment Partners now owns 30,217 shares of the shipping company’s stock valued at $1,361,000 after acquiring an additional 1,680 shares during the period. Institutional investors and hedge funds own 62.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NMM. Wall Street Zen upgraded shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. Weiss Ratings upgraded shares of Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

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.