Navios Maritime Partners LP (NYSE:NMM – Get Free Report) insider Angeliki Frangou purchased 1,155 shares of the business’s stock in a transaction on Thursday, April 9th. The stock was purchased at an average cost of $70.78 per share, with a total value of $81,750.90. Following the acquisition, the insider owned 4,693,513 shares in the company, valued at approximately $332,206,850.14. This represents a 0.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Angeliki Frangou also recently made the following trade(s):
- On Monday, April 13th, Angeliki Frangou purchased 1,204 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $70.24 per share, with a total value of $84,568.96.
- On Friday, April 10th, Angeliki Frangou purchased 1,188 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $68.94 per share, with a total value of $81,900.72.
- On Wednesday, April 8th, Angeliki Frangou purchased 1,208 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $71.40 per share, with a total value of $86,251.20.
- On Tuesday, April 7th, Angeliki Frangou purchased 1,173 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $70.09 per share, with a total value of $82,215.57.
- On Monday, April 6th, Angeliki Frangou purchased 1,200 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $70.47 per share, with a total value of $84,564.00.
- On Thursday, April 2nd, Angeliki Frangou purchased 1,229 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $69.46 per share, with a total value of $85,366.34.
- On Wednesday, April 1st, Angeliki Frangou purchased 1,234 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $68.21 per share, with a total value of $84,171.14.
- On Monday, March 23rd, Angeliki Frangou bought 1,289 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $64.87 per share, with a total value of $83,617.43.
- On Friday, March 20th, Angeliki Frangou bought 1,247 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $66.71 per share, with a total value of $83,187.37.
- On Thursday, March 19th, Angeliki Frangou bought 1,235 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $67.00 per share, with a total value of $82,745.00.
Navios Maritime Partners Price Performance
Shares of NMM traded up $0.62 during mid-day trading on Monday, reaching $69.79. The company had a trading volume of 127,161 shares, compared to its average volume of 164,948. Navios Maritime Partners LP has a twelve month low of $31.13 and a twelve month high of $74.21. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.12 and a quick ratio of 1.13. The company’s 50-day moving average is $66.06 and its 200-day moving average is $56.48. The company has a market capitalization of $2.00 billion, a P/E ratio of 7.26 and a beta of 1.23.
Navios Maritime Partners Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. Navios Maritime Partners’s dividend payout ratio is presently 2.08%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of NMM. ION Fund Management Ltd bought a new position in Navios Maritime Partners in the 4th quarter valued at $24,432,000. Marnell Management LLC bought a new position in shares of Navios Maritime Partners in the 4th quarter worth $5,027,000. ING Groep NV grew its stake in shares of Navios Maritime Partners by 123.6% during the third quarter. ING Groep NV now owns 96,600 shares of the shipping company’s stock worth $4,352,000 after purchasing an additional 53,400 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Navios Maritime Partners by 150.9% during the fourth quarter. JPMorgan Chase & Co. now owns 87,535 shares of the shipping company’s stock worth $4,589,000 after purchasing an additional 52,651 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of Navios Maritime Partners during the fourth quarter worth $1,507,000. 62.74% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. Weiss Ratings raised Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, March 17th. Wall Street Zen raised Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.
Get Our Latest Stock Analysis on Navios Maritime Partners
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.
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