Navios Maritime Partners (NYSE:NMM) Insider Buys $81,900.72 in Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,188 shares of Navios Maritime Partners stock in a transaction on Friday, April 10th. The shares were bought at an average cost of $68.94 per share, for a total transaction of $81,900.72. Following the completion of the purchase, the insider directly owned 4,694,701 shares of the company’s stock, valued at $323,652,686.94. The trade was a 0.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, April 13th, Angeliki Frangou acquired 1,204 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $70.24 per share, for a total transaction of $84,568.96.
• On Thursday, April 9th, Angeliki Frangou acquired 1,155 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $70.78 per share, for a total transaction of $81,750.90.
• On Wednesday, April 8th, Angeliki Frangou acquired 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 acquired 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 acquired 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 acquired 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 acquired 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 acquired 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.
• On Friday, March 20th, Angeliki Frangou bought 1,247 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $66.71 per share, for a total transaction of $83,187.37.
• On Thursday, March 19th, Angeliki Frangou bought 1,235 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $67.00 per share, for a total transaction of $82,745.00.

Navios Maritime Partners Trading Up 0.3%

NMM opened at $69.55 on Thursday. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 7.24 and a beta of 1.23. The stock’s 50 day moving average price is $66.42 and its 200-day moving average price is $56.72. Navios Maritime Partners LP has a one year low of $31.13 and a one year high of $74.21. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.12.

Navios Maritime Partners (NYSE:NMM) last released its earnings results on Thursday, February 19th. The shipping company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.99. The firm had revenue of $365.55 million for the quarter, compared to analysts’ expectations of $316.00 million. Navios Maritime Partners had a return on equity of 9.17% and a net margin of 21.23%.The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.61 earnings per share. On average, equities analysts forecast that Navios Maritime Partners LP will post 12.64 EPS for the current year.

Navios Maritime Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were paid a dividend of $0.05 per share. 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 currently 2.08%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NMM. ION Fund Management Ltd bought a new position in Navios Maritime Partners in the fourth quarter worth approximately $24,432,000. Marnell Management LLC bought a new position in Navios Maritime Partners in the fourth quarter worth approximately $5,027,000. ING Groep NV grew its stake in Navios Maritime Partners by 123.6% in 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 in the last quarter. JPMorgan Chase & Co. grew its stake in Navios Maritime Partners by 150.9% in 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 in the last quarter. Finally, Millennium Management LLC bought a new position in Navios Maritime Partners in the fourth quarter worth approximately $1,507,000. Institutional investors own 62.74% of the company’s stock.

Analyst Ratings Changes

NMM has been the topic of a number of analyst reports. Weiss Ratings raised Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, March 17th. Wall Street Zen raised Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Navios Maritime Partners presently has an average rating of “Buy”.

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.