Angeliki Frangou Buys 1,107 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMMGet Free Report) insider Angeliki Frangou acquired 1,107 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was purchased at an average cost of $77.81 per share, for a total transaction of $86,135.67. Following the completion of the transaction, the insider owned 4,728,487 shares in the company, valued at approximately $367,923,573.47. The trade was a 0.02% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Tuesday, May 26th, Angeliki Frangou acquired 1,118 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $73.63 per share, with a total value of $82,318.34.
  • On Friday, May 22nd, Angeliki Frangou acquired 1,116 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $74.30 per share, with a total value of $82,918.80.
  • On Wednesday, May 20th, Angeliki Frangou bought 1,113 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $75.48 per share, with a total value of $84,009.24.
  • On Tuesday, May 19th, Angeliki Frangou bought 1,160 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $73.24 per share, for a total transaction of $84,958.40.
  • On Monday, May 18th, Angeliki Frangou purchased 1,163 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $71.85 per share, for a total transaction of $83,561.55.
  • On Friday, May 15th, Angeliki Frangou purchased 1,172 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $70.93 per share, with a total value of $83,129.96.
  • On Thursday, May 14th, Angeliki Frangou acquired 1,169 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $71.61 per share, with a total value of $83,712.09.
  • On Wednesday, May 13th, Angeliki Frangou acquired 1,134 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $72.69 per share, with a total value of $82,430.46.
  • On Tuesday, May 12th, Angeliki Frangou acquired 1,138 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $72.99 per share, for a total transaction of $83,062.62.
  • On Monday, May 11th, Angeliki Frangou bought 1,111 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $73.85 per share, for a total transaction of $82,047.35.

Navios Maritime Partners Price Performance

NMM stock opened at $71.18 on Thursday. The business has a 50 day moving average price of $70.38 and a 200 day moving average price of $62.00. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 6.00 and a beta of 1.06. Navios Maritime Partners LP has a fifty-two week low of $36.62 and a fifty-two week high of $80.69. The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 0.57.

Navios Maritime Partners (NYSE:NMMGet Free Report) last announced its quarterly earnings results on Thursday, May 21st. The shipping company reported $3.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $317.80 million. During the same period in the prior year, the company posted $1.58 earnings per share. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year.

Navios Maritime Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, May 11th. This is a positive change from Navios Maritime Partners’s previous quarterly dividend of $0.05. Navios Maritime Partners’s dividend payout ratio (DPR) is currently 2.02%.

Navios Maritime Partners News Roundup

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

  • Positive Sentiment: Angeliki Frangou bought 1,118 more shares of Navios Maritime Partners, reinforcing a recent trend of repeated insider buying that can signal management’s confidence in the stock’s value. Article Title
  • Positive Sentiment: Navios Maritime Partners completed a $30 million senior unsecured bond tap issue due in 2030, boosting liquidity and financial flexibility for general corporate purposes. Article Title
  • Neutral Sentiment: Recent coverage noted that Navios Maritime Partners’ diversified shipping exposure supports stability, but valuation looks fair, which may limit upside enthusiasm near term. Article Title
  • Neutral Sentiment: The company’s latest earnings were solid, with EPS and revenue both beating expectations, but that report is already being digested by the market and is less of a fresh driver today. Article Title

Analysts Set New Price Targets

NMM has been the subject of a number of research reports. Wall Street Zen raised shares of 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 report on Tuesday, March 17th. Finally, Jefferies Financial Group began coverage on 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. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $85.00.

View Our Latest Analysis on NMM

Hedge Funds Weigh In On Navios Maritime Partners

A number of hedge funds have recently modified their holdings of NMM. JPMorgan Chase & Co. increased its holdings in shares of Navios Maritime Partners by 64.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 17,844 shares of the shipping company’s stock valued at $672,000 after acquiring an additional 7,006 shares during the period. Jump Financial LLC acquired a new stake in Navios Maritime Partners during the 2nd quarter worth $580,000. Cerity Partners LLC purchased a new position in Navios Maritime Partners during the 2nd quarter worth $212,000. BNP Paribas Financial Markets grew its position 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 purchasing an additional 1,559 shares during the last quarter. Finally, Ion Asset Management Ltd. increased its stake in Navios Maritime Partners by 2.2% in the second quarter. Ion Asset Management Ltd. now owns 817,963 shares of the shipping company’s stock valued at $30,821,000 after purchasing an additional 17,285 shares during the period. 62.74% of the stock is currently owned by hedge funds and other institutional investors.

About Navios Maritime Partners

(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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