Navios Maritime Partners LP (NYSE:NMM – Get Free Report) insider Angeliki Frangou acquired 1,199 shares of the stock in a transaction on Thursday, April 16th. The shares were purchased at an average price of $69.71 per share, with a total value of $83,582.29. Following the completion of the transaction, the insider owned 4,699,497 shares of the company’s stock, valued at approximately $327,601,935.87. This represents a 0.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.
Angeliki Frangou also recently made the following trade(s):
- On Wednesday, April 15th, Angeliki Frangou acquired 1,201 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $70.23 per share, with a total value of $84,346.23.
- On Monday, April 13th, Angeliki Frangou acquired 1,204 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $70.24 per share, with a total value of $84,568.96.
- On Friday, April 10th, Angeliki Frangou acquired 1,188 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $68.94 per share, with a total value of $81,900.72.
- On Thursday, April 9th, Angeliki Frangou purchased 1,155 shares of Navios Maritime Partners stock. The stock was bought at an average price of $70.78 per share, for a total transaction of $81,750.90.
- On Wednesday, April 8th, Angeliki Frangou purchased 1,208 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $71.40 per share, for a total transaction of $86,251.20.
- On Tuesday, April 7th, Angeliki Frangou purchased 1,173 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $70.09 per share, for a total transaction of $82,215.57.
- On Monday, April 6th, Angeliki Frangou purchased 1,200 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $70.47 per share, for a total transaction of $84,564.00.
- On Thursday, April 2nd, Angeliki Frangou purchased 1,229 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $69.46 per share, for a total transaction of $85,366.34.
- On Wednesday, April 1st, Angeliki Frangou purchased 1,234 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $68.21 per share, for a total transaction of $84,171.14.
- On Monday, March 23rd, Angeliki Frangou purchased 1,289 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $64.87 per share, for a total transaction of $83,617.43.
Navios Maritime Partners Price Performance
Shares of Navios Maritime Partners stock traded down $0.04 during midday trading on Thursday, hitting $69.43. 54,743 shares of the company traded hands, compared to its average volume of 153,458. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 7.22 and a beta of 1.23. 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 price is $66.63 and its 200-day moving average price is $56.81. Navios Maritime Partners LP has a 12 month low of $31.13 and a 12 month high of $74.21.
Navios Maritime Partners Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were given a dividend of $0.05 per share. The ex-dividend date was Monday, February 9th. This represents a $0.20 annualized dividend and a yield of 0.3%. Navios Maritime Partners’s dividend payout ratio (DPR) is currently 2.08%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on NMM. Wall Street Zen upgraded shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. 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. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.
Get Our Latest Research Report on NMM
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of NMM. ION Fund Management Ltd acquired a new position in shares of Navios Maritime Partners in the 4th quarter worth approximately $24,432,000. Marnell Management LLC acquired a new position in shares of Navios Maritime Partners in the 4th quarter worth approximately $5,027,000. ING Groep NV lifted its position in shares of Navios Maritime Partners by 123.6% in the 3rd 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. lifted its position in shares of Navios Maritime Partners by 150.9% in the 4th 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 position in shares of Navios Maritime Partners in the 4th quarter worth approximately $1,507,000. Institutional investors and hedge funds own 62.74% of the company’s stock.
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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