Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Buys 1,192 Shares

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,192 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The shares were bought at an average price of $70.39 per share, with a total value of $83,904.88. Following the completion of the purchase, the insider owned 4,697,097 shares in the company, valued at $330,628,657.83. This trade represents a 0.03% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, April 16th, Angeliki Frangou acquired 1,199 shares of Navios Maritime Partners stock. The shares were bought at an average price of $69.71 per share, with a total value of $83,582.29.
• On Wednesday, April 15th, Angeliki Frangou acquired 1,201 shares of Navios Maritime Partners stock. The shares were bought 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 bought 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 bought 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 acquired at an average cost 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 stock was acquired 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 stock was acquired 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 stock was acquired 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 stock was acquired 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 stock was acquired at an average cost of $68.21 per share, for a total transaction of $84,171.14.

Navios Maritime Partners Stock Down 0.1%

NYSE NMM opened at $69.43 on Friday. The stock’s 50 day moving average is $66.63 and its 200 day moving average is $56.81. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Navios Maritime Partners LP has a 12 month low of $31.13 and a 12 month high of $74.21. The stock has a market cap of $1.99 billion, a PE ratio of 7.22 and a beta of 1.23.

Navios Maritime Partners (NYSE:NMM) last posted its quarterly earnings results on Thursday, February 19th. The shipping company reported $3.40 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.99. Navios Maritime Partners had a return on equity of 9.17% and a net margin of 21.23%.The company had revenue of $365.55 million for the quarter, compared to analysts’ expectations of $316.00 million. During the same period in the previous year, the firm earned $2.61 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. Research analysts predict that Navios Maritime Partners LP will post 12.64 EPS for the current fiscal year.

Navios Maritime Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors 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 yield of 0.3%. Navios Maritime Partners’s payout ratio is currently 2.08%.

Analyst Ratings Changes

A number of research analysts recently commented on NMM shares. 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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Hedge Funds Weigh In On Navios Maritime Partners

Large investors have recently modified their holdings of the stock. Royal Bank of Canada increased its position in shares of Navios Maritime Partners by 50.9% during the 4th quarter. Royal Bank of Canada now owns 599 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 202 shares during the last quarter. State of Wyoming bought a new position in shares of Navios Maritime Partners during the 4th quarter valued at approximately $137,000. Corient Private Wealth LLC bought a new position in shares of Navios Maritime Partners during the 4th quarter valued at approximately $207,000. Mariner LLC bought a new position in Navios Maritime Partners in the 4th quarter valued at $208,000. Finally, Cerity Partners LLC bought a new position in Navios Maritime Partners in the 2nd quarter valued at $212,000. Institutional investors own 62.74% of the company’s stock.

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.