Navios Maritime Partners LP (NYSE:NMM – Get Free Report) insider Angeliki Frangou bought 1,164 shares of the stock in a transaction dated Friday, May 8th. The stock was acquired at an average price of $74.62 per share, with a total value of $86,857.68. Following the completion of the purchase, the insider owned 4,718,220 shares of the company’s stock, valued at $352,073,576.40. This represents a 0.02% increase in their position. The acquisition 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 Tuesday, May 12th, Angeliki Frangou bought 1,138 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $72.99 per share, with a total value of $83,062.62.
- On Monday, May 11th, Angeliki Frangou bought 1,111 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $73.85 per share, with a total value of $82,047.35.
- On Thursday, May 7th, Angeliki Frangou bought 1,135 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $72.49 per share, with a total value of $82,276.15.
- On Wednesday, May 6th, Angeliki Frangou bought 1,086 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $74.77 per share, with a total value of $81,200.22.
- On Tuesday, May 5th, Angeliki Frangou bought 1,171 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $74.55 per share, with a total value of $87,298.05.
- On Monday, May 4th, Angeliki Frangou bought 1,169 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $71.74 per share, with a total value of $83,864.06.
- On Friday, May 1st, Angeliki Frangou bought 1,155 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $71.08 per share, with a total value of $82,097.40.
- On Thursday, April 30th, Angeliki Frangou acquired 1,176 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $72.03 per share, with a total value of $84,707.28.
- On Wednesday, April 29th, Angeliki Frangou acquired 1,159 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $71.72 per share, with a total value of $83,123.48.
- On Tuesday, April 28th, Angeliki Frangou acquired 1,145 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $72.08 per share, with a total value of $82,531.60.
Navios Maritime Partners Price Performance
Shares of NMM stock opened at $70.99 on Friday. The stock has a 50-day moving average price of $68.83 and a 200 day moving average price of $60.37. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 0.56. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 7.39 and a beta of 1.06. Navios Maritime Partners LP has a 12 month low of $36.62 and a 12 month high of $77.90.
Navios Maritime Partners Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were given a $0.06 dividend. The ex-dividend date was Monday, May 11th. This is a positive change from Navios Maritime Partners’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Navios Maritime Partners’s dividend payout ratio is 2.50%.
Hedge Funds Weigh In On Navios Maritime Partners
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. bought a new position in Navios Maritime Partners during the first quarter worth about $1,889,000. Walleye Capital LLC boosted its holdings in Navios Maritime Partners by 45,274.3% during the first quarter. Walleye Capital LLC now owns 149,527 shares of the shipping company’s stock worth $10,090,000 after buying an additional 149,858 shares during the last quarter. State of Wyoming boosted its holdings in Navios Maritime Partners by 77.8% during the first quarter. State of Wyoming now owns 4,637 shares of the shipping company’s stock worth $313,000 after buying an additional 2,029 shares during the last quarter. Valley Wealth Managers Inc. bought a new position in Navios Maritime Partners during the first quarter worth about $63,000. Finally, SG Americas Securities LLC bought a new position in Navios Maritime Partners during the first quarter worth about $622,000. Institutional investors own 62.74% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently commented on the company. Weiss Ratings upgraded Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, March 17th. Wall Street Zen upgraded Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. Finally, Jefferies Financial Group assumed coverage on Navios Maritime Partners in a research report on Friday, April 24th. They issued a “buy” rating and a $85.00 price objective for the company. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Navios Maritime Partners currently has a consensus rating of “Buy” and an average price target of $85.00.
Check Out Our Latest Research Report on Navios Maritime Partners
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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