Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Acquires 1,159 Shares

Navios Maritime Partners LP (NYSE:NMMGet Free Report) insider Angeliki Frangou acquired 1,159 shares of the business’s stock in a transaction dated Wednesday, April 29th. The stock was acquired at an average cost of $71.72 per share, for a total transaction of $83,123.48. Following the transaction, the insider owned 4,710,164 shares of the company’s stock, valued at $337,812,962.08. This represents a 0.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Tuesday, April 28th, Angeliki Frangou acquired 1,145 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $72.08 per share, for a total transaction of $82,531.60.
  • On Monday, April 27th, Angeliki Frangou acquired 1,185 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $71.44 per share, for a total transaction of $84,656.40.
  • On Friday, April 24th, Angeliki Frangou purchased 1,196 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $70.39 per share, for a total transaction of $84,186.44.
  • On Thursday, April 23rd, Angeliki Frangou purchased 1,187 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $70.22 per share, for a total transaction of $83,351.14.
  • On Wednesday, April 22nd, Angeliki Frangou purchased 1,214 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $69.58 per share, for a total transaction of $84,470.12.
  • On Monday, April 20th, Angeliki Frangou purchased 1,190 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $70.30 per share, for a total transaction of $83,657.00.
  • On Friday, April 17th, Angeliki Frangou purchased 1,201 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $70.39 per share, for a total transaction of $84,538.39.
  • On Tuesday, April 14th, Angeliki Frangou purchased 1,192 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $70.39 per share, for a total transaction of $83,904.88.
  • On Thursday, April 16th, Angeliki Frangou purchased 1,199 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $69.71 per share, for a total transaction of $83,582.29.
  • On Wednesday, April 15th, Angeliki Frangou purchased 1,201 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $70.23 per share, for a total transaction of $84,346.23.

Navios Maritime Partners Stock Performance

NYSE NMM opened at $70.93 on Thursday. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The firm’s fifty day moving average price is $68.17 and its two-hundred day moving average price is $58.51. Navios Maritime Partners LP has a 1 year low of $33.20 and a 1 year high of $74.21. The firm has a market capitalization of $2.03 billion, a P/E ratio of 7.38 and a beta of 1.23.

Navios Maritime Partners (NYSE:NMMGet Free Report) last posted its quarterly earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the firm posted $2.61 earnings per share. The company’s quarterly revenue was up 10.0% compared to the same quarter last year.

Navios Maritime Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, May 11th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. This is an increase from Navios Maritime Partners’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, May 11th. Navios Maritime Partners’s payout ratio is currently 2.08%.

Analyst Upgrades and Downgrades

Several research firms have commented on NMM. Weiss Ratings upgraded shares of Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, March 17th. Jefferies Financial Group assumed coverage on shares of Navios Maritime Partners in a research report on Friday, April 24th. They set a “buy” rating and a $85.00 target price on the stock. Finally, Wall Street Zen raised shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $85.00.

Read Our Latest Analysis on NMM

Institutional Investors Weigh In On Navios Maritime Partners

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in Navios Maritime Partners by 95.5% during the third quarter. JPMorgan Chase & Co. now owns 34,884 shares of the shipping company’s stock worth $1,572,000 after buying an additional 17,040 shares in the last quarter. Arbiter Partners Capital Management LLC acquired a new position in shares of Navios Maritime Partners in the 3rd quarter valued at approximately $1,117,000. ING Groep NV raised its position in shares of Navios Maritime Partners by 123.6% in the 3rd quarter. ING Groep NV now owns 96,600 shares of the shipping company’s stock valued at $4,352,000 after buying an additional 53,400 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of Navios Maritime Partners by 0.8% in the 3rd quarter. Moors & Cabot Inc. now owns 92,682 shares of the shipping company’s stock valued at $4,175,000 after buying an additional 750 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of 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 in the last quarter. 62.74% of the stock is currently owned by institutional investors and hedge funds.

Navios Maritime Partners Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Navios Maritime Partners (NYSE:NMM)

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