Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Acquires 1,149 Shares of Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou bought 1,149 shares of the stock in a transaction dated Tuesday, July 21st. The stock was purchased at an average cost of $74.03 per share, with a total value of $85,060.47. Following the completion of the purchase, the insider directly owned 4,774,447 shares in the company, valued at approximately $353,452,311.41. This trade represents a 0.02% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, July 22nd, Angeliki Frangou purchased 1,121 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $74.07 per share, for a total transaction of $83,032.47.
• On Monday, July 20th, Angeliki Frangou bought 1,167 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $72.95 per share, for a total transaction of $85,132.65.
• On Monday, July 27th, Angeliki Frangou purchased 1,053 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $77.64 per share, with a total value of $81,754.92.
• On Friday, July 24th, Angeliki Frangou purchased 1,084 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $79.02 per share, with a total value of $85,657.68.
• On Thursday, July 23rd, Angeliki Frangou acquired 1,131 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $74.81 per share, for a total transaction of $84,610.11.
• On Tuesday, July 14th, Angeliki Frangou acquired 1,105 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $75.58 per share, for a total transaction of $83,515.90.
• On Monday, July 13th, Angeliki Frangou bought 1,100 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $75.41 per share, with a total value of $82,951.00.
• On Friday, July 10th, Angeliki Frangou bought 1,129 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $75.36 per share, with a total value of $85,081.44.
• On Thursday, July 9th, Angeliki Frangou purchased 1,099 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $73.74 per share, for a total transaction of $81,040.26.
• On Wednesday, July 8th, Angeliki Frangou purchased 1,108 shares of Navios Maritime Partners stock. The stock was bought at an average price of $76.14 per share, for a total transaction of $84,363.12.

Navios Maritime Partners Stock Up 1.9%

Shares of Navios Maritime Partners stock opened at $79.20 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.57. Navios Maritime Partners LP has a 12 month low of $40.80 and a 12 month high of $80.97. The business has a fifty day simple moving average of $73.12 and a 200 day simple moving average of $68.37. The stock has a market cap of $2.27 billion, a PE ratio of 6.67 and a beta of 1.00.

Navios Maritime Partners (NYSE:NMM) last released its earnings results on Thursday, May 21st. The shipping company reported $3.35 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.58. Navios Maritime Partners had a return on equity of 10.48% and a net margin of 25.05%.The firm had revenue of $357.01 million for the quarter, compared to analyst estimates of $317.80 million. During the same quarter in the prior year, the firm posted $1.58 earnings per share. The company’s quarterly revenue was up 17.4% on a year-over-year basis.

Key Stories Impacting Navios Maritime Partners

Here are the key news stories impacting Navios Maritime Partners this week:

• Positive Sentiment: Angeliki Frangou purchased 6,705 NMM shares across six transactions from July 20 through July 27 for approximately $505,248, at prices ranging from $72.95 to $79.02 per share. The purchases were disclosed in SEC filings. SEC insider ownership filing SEC insider purchase filing
• Positive Sentiment: Following the purchases, Frangou directly owned approximately 4.78 million NMM shares. Repeated buying by a major insider is generally viewed favorably by investors because it indicates the insider is committing additional capital rather than selling into the recent rally.
• Neutral Sentiment: The purchases were individually small—each increased Frangou’s position by only about 0.02%—so the transactions are more of a confidence signal than a material change to Navios Maritime Partners’ financial position. Investors should also weigh shipping-market conditions, vessel rates, leverage and the company’s upcoming operating results.

Institutional Investors Weigh In On Navios Maritime Partners

A number of hedge funds have recently modified their holdings of NMM. Royal Bank of Canada raised its position in shares of Navios Maritime Partners by 50.9% during the fourth quarter. Royal Bank of Canada now owns 599 shares of the shipping company’s stock worth $32,000 after purchasing an additional 202 shares during the period. Raymond James Financial Inc. grew its position in shares of Navios Maritime Partners by 5.6% in the 3rd quarter. Raymond James Financial Inc. now owns 7,192 shares of the shipping company’s stock valued at $324,000 after purchasing an additional 380 shares during the period. Valley Wealth Managers Inc. bought a new stake in Navios Maritime Partners during the 1st quarter worth approximately $63,000. BNP Paribas Financial Markets raised its holdings in Navios Maritime Partners by 25.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,706 shares of the shipping company’s stock worth $290,000 after buying an additional 1,559 shares during the period. Finally, State of Wyoming raised its holdings in Navios Maritime Partners by 77.8% during the 1st quarter. State of Wyoming now owns 4,637 shares of the shipping company’s stock worth $313,000 after buying an additional 2,029 shares during the period. Institutional investors and hedge funds own 62.74% of the company’s stock.

Wall Street Analyst Weigh In

NMM has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. Jefferies Financial Group initiated coverage on shares of Navios Maritime Partners in a report on Friday, April 24th. They issued a “buy” rating and a $85.00 target price on the stock. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

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.