Navios Maritime Partners LP (NYSE:NMM – Get Free Report) insider Angeliki Frangou purchased 1,111 shares of the business’s stock in a transaction on Monday, May 11th. The shares were bought at an average cost of $73.85 per share, for a total transaction of $82,047.35. Following the completion of the transaction, the insider directly owned 4,719,331 shares in the company, valued at $348,522,594.35. This trade represents a 0.02% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Angeliki Frangou also recently made the following trade(s):
- On Tuesday, May 12th, Angeliki Frangou acquired 1,138 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $72.99 per share, with a total value of $83,062.62.
- On Friday, May 8th, Angeliki Frangou bought 1,164 shares of Navios Maritime Partners stock. The stock was bought at an average price of $74.62 per share, for a total transaction of $86,857.68.
- On Thursday, May 7th, Angeliki Frangou bought 1,135 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $72.49 per share, for a total transaction of $82,276.15.
- On Wednesday, May 6th, Angeliki Frangou purchased 1,086 shares of Navios Maritime Partners stock. The shares were bought at an average price of $74.77 per share, with a total value of $81,200.22.
- On Tuesday, May 5th, Angeliki Frangou acquired 1,171 shares of Navios Maritime Partners stock. The stock was bought at an average price of $74.55 per share, for a total transaction of $87,298.05.
- On Monday, May 4th, Angeliki Frangou acquired 1,169 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $71.74 per share, for a total transaction of $83,864.06.
- On Friday, May 1st, Angeliki Frangou bought 1,155 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $71.08 per share, with a total value of $82,097.40.
- On Thursday, April 30th, Angeliki Frangou bought 1,176 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $72.03 per share, with a total value of $84,707.28.
- On Wednesday, April 29th, Angeliki Frangou purchased 1,159 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $71.72 per share, for a total transaction of $83,123.48.
- On Tuesday, April 28th, Angeliki Frangou purchased 1,145 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $72.08 per share, for a total transaction of $82,531.60.
Navios Maritime Partners Stock Down 2.8%
NMM stock opened at $71.36 on Thursday. Navios Maritime Partners LP has a one year low of $36.62 and a one year high of $77.90. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.12. The firm’s fifty day moving average is $68.83 and its 200 day moving average is $60.20. The firm has a market cap of $2.05 billion, a PE ratio of 7.43 and a beta of 1.06.
Navios Maritime Partners Increases Dividend
The firm 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 is an increase from Navios Maritime Partners’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, May 11th. Navios Maritime Partners’s dividend payout ratio (DPR) is currently 2.50%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on NMM shares. Wall Street Zen upgraded Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. Jefferies Financial Group began coverage on shares of Navios Maritime Partners in a research note on Friday, April 24th. They issued a “buy” rating and a $85.00 price target on the stock. Finally, 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. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $85.00.
Hedge Funds Weigh In On Navios Maritime Partners
Institutional investors and hedge funds have recently bought and sold shares of the company. ION Fund Management Ltd purchased a new stake in shares of Navios Maritime Partners in the 4th quarter valued at approximately $24,432,000. Walleye Capital LLC raised its stake in shares of Navios Maritime Partners by 45,274.3% in the 1st quarter. Walleye Capital LLC now owns 149,527 shares of the shipping company’s stock valued at $10,090,000 after acquiring an additional 149,858 shares during the period. Marnell Management LLC acquired a new position in Navios Maritime Partners during the fourth quarter worth $5,027,000. ING Groep NV grew its position in 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 acquiring an additional 53,400 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Navios Maritime Partners by 150.9% during the 4th quarter. JPMorgan Chase & Co. now owns 87,535 shares of the shipping company’s stock worth $4,589,000 after buying an additional 52,651 shares during the period. 62.74% of the stock is currently owned by institutional investors and hedge funds.
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.
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