Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Buys 1,196 Shares of Stock

Navios Maritime Partners LP (NYSE:NMMGet Free Report) insider Angeliki Frangou acquired 1,196 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average cost of $69.57 per share, with a total value of $83,205.72. Following the transaction, the insider owned 4,734,219 shares in the company, valued at approximately $329,359,615.83. This trade represents a 0.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Thursday, May 28th, Angeliki Frangou acquired 1,170 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $70.65 per share, with a total value of $82,660.50.
  • On Wednesday, May 27th, Angeliki Frangou acquired 1,132 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $72.61 per share, with a total value of $82,194.52.
  • On Tuesday, May 26th, Angeliki Frangou acquired 1,118 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $73.63 per share, with a total value of $82,318.34.
  • On Friday, May 22nd, Angeliki Frangou acquired 1,116 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $74.30 per share, with a total value of $82,918.80.
  • On Thursday, May 21st, Angeliki Frangou acquired 1,107 shares of Navios Maritime Partners stock. The shares were bought at an average price 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 shares were bought at an average price 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 shares were bought at an average price 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 shares were bought at an average price 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 shares were bought at an average price 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 shares were bought at an average price of $71.61 per share, with a total value of $83,712.09.

Navios Maritime Partners Trading Down 0.6%

Shares of NYSE:NMM opened at $69.23 on Friday. The stock has a 50 day moving average of $70.51 and a 200 day moving average of $62.20. The company has a market cap of $1.98 billion, a PE ratio of 5.83 and a beta of 1.06. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.57. Navios Maritime Partners LP has a 12-month low of $36.62 and a 12-month high of $80.69.

Navios Maritime Partners (NYSE:NMMGet Free Report) last announced its quarterly earnings data on Thursday, May 21st. The shipping company reported $3.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.58. The company had revenue of $357.01 million during the quarter, compared to the consensus estimate of $317.80 million. Navios Maritime Partners had a return on equity of 10.48% and a net margin of 25.05%.The firm’s revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.58 EPS.

Navios Maritime Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were issued a $0.06 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.24 annualized dividend and a yield of 0.3%. This is an increase from Navios Maritime Partners’s previous quarterly dividend of $0.05. Navios Maritime Partners’s payout ratio is currently 2.02%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in shares of Navios Maritime Partners by 95.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 34,884 shares of the shipping company’s stock valued at $1,572,000 after purchasing an additional 17,040 shares during the last quarter. Arbiter Partners Capital Management LLC bought a new position in shares of Navios Maritime Partners during the 3rd quarter valued at about $1,117,000. ING Groep NV boosted its holdings in shares of Navios Maritime Partners by 123.6% during the 3rd quarter. ING Groep NV now owns 96,600 shares of the shipping company’s stock valued at $4,352,000 after purchasing an additional 53,400 shares during the last quarter. Mraz Amerine & Associates Inc. boosted its holdings in shares of Navios Maritime Partners by 6.4% during the 3rd quarter. Mraz Amerine & Associates Inc. now owns 43,291 shares of the shipping company’s stock valued at $1,950,000 after purchasing an additional 2,621 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Navios Maritime Partners by 57.6% during the 1st quarter. Bank of America Corp DE now owns 199,141 shares of the shipping company’s stock valued at $13,438,000 after purchasing an additional 72,754 shares during the last quarter. Institutional investors own 62.74% of the company’s stock.

Wall Street Analysts Forecast Growth

NMM has been the subject of several recent analyst reports. Weiss Ratings downgraded shares of Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Jefferies Financial Group started coverage on Navios Maritime Partners in a research note on Friday, April 24th. They issued a “buy” rating and a $85.00 price target for the company. Finally, Wall Street Zen upgraded Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Get Our Latest Research Report on NMM

Navios Maritime Partners Company Profile

(Get Free Report)

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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