Insider Buying: Navios Maritime Partners (NYSE:NMM) Insider Buys $83,657.00 in Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,190 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were acquired at an average price of $70.30 per share, for a total transaction of $83,657.00. Following the acquisition, the insider directly owned 4,701,888 shares in the company, valued at $330,542,726.40. 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 at this link.

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

• On Friday, April 17th, Angeliki Frangou purchased 1,201 shares of Navios Maritime Partners stock. The stock was bought at an average price of $70.39 per share, with a total value of $84,538.39.
• On Tuesday, April 14th, Angeliki Frangou acquired 1,192 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $70.39 per share, for a total transaction of $83,904.88.
• On Thursday, April 16th, Angeliki Frangou purchased 1,199 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $69.71 per share, for a total transaction of $83,582.29.
• On Wednesday, April 15th, Angeliki Frangou purchased 1,201 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $70.23 per share, with a total value of $84,346.23.
• On Monday, April 13th, Angeliki Frangou bought 1,204 shares of Navios Maritime Partners stock. The stock was acquired 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 acquired 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, with a total value of $81,750.90.
• On Wednesday, April 8th, Angeliki Frangou bought 1,208 shares of Navios Maritime Partners stock. The shares were purchased at an average price 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 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 shares were acquired at an average cost of $70.47 per share, for a total transaction of $84,564.00.

Navios Maritime Partners Stock Down 0.7%

NMM stock opened at $69.63 on Friday. The firm has a market capitalization of $2.00 billion, a PE ratio of 7.25 and a beta of 1.23. The business’s 50 day simple moving average is $67.47 and its 200 day simple moving average is $57.66. Navios Maritime Partners LP has a 1-year low of $33.20 and a 1-year high of $74.21. 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 (NYSE:NMM) last posted its earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.99. Navios Maritime Partners had a net margin of 21.23% and a return on equity of 9.17%. The company had revenue of $365.55 million during the quarter, compared to analysts’ expectations of $316.00 million. During the same quarter last year, the company posted $2.61 EPS. Navios Maritime Partners’s quarterly revenue was up 10.0% compared to the same quarter last year.

Navios Maritime Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, February 9th. Navios Maritime Partners’s dividend payout ratio is currently 2.08%.

Wall Street Analyst Weigh In

NMM has been the subject of several analyst reports. 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 shares of Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, March 17th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Institutional Trading of Navios Maritime Partners

Large investors have recently bought and sold shares of the business. Royal Bank of Canada boosted 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 in the last quarter. State of Wyoming bought a new stake in Navios Maritime Partners during the 4th quarter valued at $137,000. Corient Private Wealth LLC acquired a new stake in shares of Navios Maritime Partners in the 4th quarter worth about $207,000. Mariner LLC purchased a new stake in shares of Navios Maritime Partners in the fourth quarter worth approximately $208,000. Finally, Blackhawk Capital Partners LLC purchased a new position in shares of Navios Maritime Partners during the third quarter valued at approximately $247,000. 62.74% of the stock is currently owned by institutional investors and hedge funds.

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.