Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Purchases 1,064 Shares

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou bought 1,064 shares of the stock in a transaction dated Wednesday, August 5th. The shares were acquired at an average price of $78.41 per share, with a total value of $83,428.24. Following the completion of the acquisition, the insider directly owned 4,785,615 shares of the company’s stock, valued at approximately $375,240,072.15. The trade was a 0.02% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Friday, August 7th, Angeliki Frangou purchased 1,054 shares of Navios Maritime Partners stock. The stock was bought at an average price of $78.94 per share, for a total transaction of $83,202.76.
• On Thursday, August 6th, Angeliki Frangou acquired 1,063 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $79.53 per share, with a total value of $84,540.39.
• On Tuesday, August 4th, Angeliki Frangou acquired 1,041 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $78.94 per share, with a total value of $82,176.54.
• On Monday, August 3rd, Angeliki Frangou acquired 653 shares of Navios Maritime Partners stock. The shares were bought at an average price of $79.91 per share, with a total value of $52,181.23.
• On Friday, July 31st, Angeliki Frangou bought 830 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $80.00 per share, for a total transaction of $66,400.00.
• On Thursday, July 30th, Angeliki Frangou bought 1,068 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $78.37 per share, for a total transaction of $83,699.16.
• On Wednesday, July 29th, Angeliki Frangou bought 1,051 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $78.55 per share, for a total transaction of $82,556.05.
• On Tuesday, July 28th, Angeliki Frangou purchased 1,072 shares of Navios Maritime Partners stock. The shares were bought at an average price of $78.59 per share, with a total value of $84,248.48.
• On Wednesday, July 22nd, Angeliki Frangou purchased 1,121 shares of Navios Maritime Partners stock. The shares were bought at an average price of $74.07 per share, with a total value of $83,032.47.
• On Tuesday, July 21st, Angeliki Frangou purchased 1,149 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $74.03 per share, with a total value of $85,060.47.

Navios Maritime Partners Stock Performance

Shares of Navios Maritime Partners stock opened at $79.09 on Friday. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 6.66 and a beta of 1.02. The firm’s 50-day moving average is $74.14 and its 200 day moving average is $69.58. Navios Maritime Partners LP has a 1 year low of $42.77 and a 1 year high of $82.84. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.45 and a quick ratio of 1.45.

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

Navios Maritime Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, August 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Navios Maritime Partners’s dividend payout ratio is presently 2.02%.

Institutional Investors Weigh In On Navios Maritime Partners

Several large investors have recently bought and sold shares of the business. 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 worth $32,000 after buying an additional 202 shares during the last quarter. Valley Wealth Managers Inc. purchased a new stake in shares of Navios Maritime Partners during the 1st quarter valued at about $63,000. State of Wyoming purchased a new stake in shares of Navios Maritime Partners during the 4th quarter valued at about $137,000. Corient Private Wealth LLC bought a new stake in shares of Navios Maritime Partners in the fourth quarter worth approximately $207,000. Finally, Mariner LLC bought a new stake in shares of Navios Maritime Partners in the fourth quarter worth approximately $208,000. 62.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NMM shares. Jefferies Financial Group initiated coverage on shares of Navios Maritime Partners in a research report on Friday, April 24th. They set a “buy” rating and a $85.00 price target for the company. Weiss Ratings downgraded Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.