Navios Maritime Partners LP (NYSE:NMM – Get Free Report) insider Angeliki Frangou acquired 1,201 shares of Navios Maritime Partners stock in a transaction that occurred on Wednesday, April 15th. The shares were bought at an average cost of $70.23 per share, with a total value of $84,346.23. Following the transaction, the insider owned 4,698,298 shares in the company, valued at $329,961,468.54. This represents a 0.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Angeliki Frangou also recently made the following trade(s):
- On Tuesday, April 14th, Angeliki Frangou acquired 1,192 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $70.39 per share, with a total value of $83,904.88.
- On Thursday, April 16th, Angeliki Frangou acquired 1,199 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $69.71 per share, with a total value of $83,582.29.
- 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, 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 cost of $68.94 per share, with a total value of $81,900.72.
- 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, with a total value 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, with a total value 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, with a total value 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, with a total value 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, with a total value 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, with a total value of $84,171.14.
Navios Maritime Partners Stock Up 1.1%
NMM stock opened at $70.17 on Friday. The firm has a market cap of $2.01 billion, a PE ratio of 7.30 and a beta of 1.23. The business has a 50 day moving average of $66.83 and a 200 day moving average of $56.97. Navios Maritime Partners LP has a twelve month low of $31.13 and a twelve month high of $74.21. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 0.56.
Navios Maritime Partners Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders 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 (DPR) is presently 2.08%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on NMM shares. Wall Street Zen raised Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a 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. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.
Check Out Our Latest Report on NMM
Hedge Funds Weigh In On Navios Maritime Partners
A number of institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Navios Maritime Partners in the 1st quarter worth $622,000. Corient Private Wealth LLC purchased a new position in shares of Navios Maritime Partners in the 4th quarter worth $207,000. Empowered Funds LLC purchased a new position in shares of Navios Maritime Partners in the 4th quarter worth $329,000. XTX Topco Ltd purchased a new position in shares of Navios Maritime Partners in the 4th quarter worth $368,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Navios Maritime Partners in the 4th quarter worth $572,000. 62.74% of the stock is currently owned by hedge funds and other institutional investors.
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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