Angeliki Frangou Buys 1,201 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou bought 1,201 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was purchased at an average price of $70.39 per share, for a total transaction of $84,538.39. Following the completion of the acquisition, the insider owned 4,700,698 shares in the company, valued at $330,882,132.22. This represents a 0.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Monday, April 20th, Angeliki Frangou bought 1,190 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $70.30 per share, for a total transaction of $83,657.00.
• On Tuesday, April 14th, Angeliki Frangou bought 1,192 shares of Navios Maritime Partners stock. The stock was purchased at an average price 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 stock was purchased at an average price of $69.71 per share, for a total transaction of $83,582.29.
• On Wednesday, April 15th, Angeliki Frangou bought 1,201 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $70.23 per share, for a total transaction of $84,346.23.
• On Monday, April 13th, Angeliki Frangou bought 1,204 shares of Navios Maritime Partners stock. The stock was purchased at an average price 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 stock was purchased at an average price 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 stock was purchased at an average price 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 stock was purchased at an average price 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 stock was purchased at an average price 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 stock was purchased at an average price of $70.47 per share, for a total transaction of $84,564.00.

Navios Maritime Partners Price Performance

Shares of NMM opened at $70.01 on Thursday. Navios Maritime Partners LP has a 12-month low of $32.39 and a 12-month high of $74.21. The business’s fifty day moving average is $67.29 and its 200 day moving average is $57.57. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 0.56. The stock has a market cap of $2.01 billion, a P/E ratio of 7.29 and a beta of 1.23.

Navios Maritime Partners (NYSE:NMM) last issued its earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.99. Navios Maritime Partners had a return on equity of 9.17% and a net margin of 21.23%.The company had revenue of $365.55 million for the quarter, compared to analysts’ expectations of $316.00 million. During the same period last year, the business earned $2.61 EPS. Navios Maritime Partners’s quarterly revenue was up 10.0% compared to the same quarter last year.

Navios Maritime Partners Announces Dividend

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

Institutional Investors Weigh In On Navios Maritime Partners

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in Navios Maritime Partners by 50.9% in the 4th quarter. Royal Bank of Canada now owns 599 shares of the shipping company’s stock valued at $32,000 after buying an additional 202 shares during the last quarter. State of Wyoming purchased a new stake in shares of Navios Maritime Partners during the 4th quarter valued at $137,000. Corient Private Wealth LLC purchased a new stake in shares of Navios Maritime Partners during the 4th quarter valued at $207,000. Mariner LLC purchased a new stake in shares of Navios Maritime Partners during the 4th quarter valued at $208,000. Finally, Cerity Partners LLC purchased a new stake in shares of Navios Maritime Partners during the 2nd quarter valued at $212,000. 62.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wall Street Zen raised Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. Weiss Ratings raised Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Navios Maritime Partners has an average rating of “Buy”.

About Navios Maritime Partners

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.