Navios Maritime Partners LP (NYSE:NMM – Get Free Report) insider Angeliki Frangou bought 1,116 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of $74.30 per share, for a total transaction of $82,918.80. Following the acquisition, the insider directly owned 4,729,603 shares in the company, valued at $351,409,502.90. The trade was a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Angeliki Frangou also recently made the following trade(s):
- On Tuesday, May 26th, Angeliki Frangou acquired 1,118 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $73.63 per share, with a total value of $82,318.34.
- On Thursday, May 21st, Angeliki Frangou acquired 1,107 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $77.81 per share, with a total value of $86,135.67.
- On Wednesday, May 20th, Angeliki Frangou acquired 1,113 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $75.48 per share, with a total value of $84,009.24.
- On Tuesday, May 19th, Angeliki Frangou acquired 1,160 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $73.24 per share, with a total value of $84,958.40.
- On Monday, May 18th, Angeliki Frangou acquired 1,163 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $71.85 per share, with a total value of $83,561.55.
- On Friday, May 15th, Angeliki Frangou acquired 1,172 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $70.93 per share, with a total value of $83,129.96.
- On Thursday, May 14th, Angeliki Frangou acquired 1,169 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $71.61 per share, with a total value of $83,712.09.
- On Wednesday, May 13th, Angeliki Frangou acquired 1,134 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $72.69 per share, with a total value of $82,430.46.
- On Tuesday, May 12th, Angeliki Frangou acquired 1,138 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $72.99 per share, with a total value of $83,062.62.
- On Monday, May 11th, Angeliki Frangou acquired 1,111 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $73.85 per share, with a total value of $82,047.35.
Navios Maritime Partners Stock Down 1.4%
NMM stock traded down $1.04 during trading on Tuesday, reaching $73.48. The stock had a trading volume of 113,843 shares, compared to its average volume of 153,271. Navios Maritime Partners LP has a one year low of $36.62 and a one year high of $80.69. 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 company’s 50 day moving average is $70.21 and its two-hundred day moving average is $61.84. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 6.19 and a beta of 1.06.
Navios Maritime Partners Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, May 11th. This is an increase from Navios Maritime Partners’s previous quarterly dividend of $0.05. Navios Maritime Partners’s dividend payout ratio (DPR) is 2.02%.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on NMM. Weiss Ratings upgraded shares of Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, March 17th. Jefferies Financial Group began coverage on shares of Navios Maritime Partners in a research note on Friday, April 24th. They set a “buy” rating and a $85.00 price target for the company. Finally, Wall Street Zen upgraded shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $85.00.
Get Our Latest Report on Navios Maritime Partners
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of NMM. ION Fund Management Ltd bought a new position in Navios Maritime Partners in the 4th quarter worth approximately $24,432,000. Walleye Capital LLC boosted its holdings in Navios Maritime Partners by 45,274.3% in the 1st 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 period. Marnell Management LLC bought a new position in Navios Maritime Partners in the 4th quarter worth approximately $5,027,000. Bank of America Corp DE boosted its holdings in Navios Maritime Partners by 57.6% in the 1st quarter. Bank of America Corp DE now owns 199,141 shares of the shipping company’s stock worth $13,438,000 after buying an additional 72,754 shares during the period. Finally, ING Groep NV boosted its holdings in Navios Maritime Partners by 123.6% in the 3rd quarter. ING Groep NV now owns 96,600 shares of the shipping company’s stock worth $4,352,000 after buying an additional 53,400 shares during the period. 62.74% of the stock is owned by institutional investors.
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.
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