Navios Maritime Partners (NYSE:NMM) Insider Acquires $84,205.65 in Stock

Navios Maritime Partners LP (NYSE:NMMGet Free Report) insider Angeliki Frangou bought 1,135 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were purchased at an average cost of $74.19 per share, with a total value of $84,205.65. Following the completion of the acquisition, the insider owned 4,745,850 shares in the company, valued at approximately $352,094,611.50. This represents a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Tuesday, June 16th, Angeliki Frangou purchased 1,119 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $73.63 per share, with a total value of $82,391.97.
  • On Monday, June 15th, Angeliki Frangou acquired 1,106 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $74.73 per share, with a total value of $82,651.38.
  • On Thursday, June 11th, Angeliki Frangou acquired 1,155 shares of Navios Maritime Partners stock. The shares were bought at an average price of $73.34 per share, with a total value of $84,707.70.
  • On Wednesday, June 10th, Angeliki Frangou purchased 1,154 shares of Navios Maritime Partners stock. The shares were bought at an average price of $72.18 per share, with a total value of $83,295.72.
  • On Tuesday, June 9th, Angeliki Frangou bought 1,175 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $72.09 per share, with a total value of $84,705.75.
  • On Monday, June 8th, Angeliki Frangou bought 1,162 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $71.02 per share, with a total value of $82,525.24.
  • On Friday, June 5th, Angeliki Frangou acquired 1,167 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $71.66 per share, with a total value of $83,627.22.
  • On Thursday, June 4th, Angeliki Frangou purchased 1,166 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $71.77 per share, with a total value of $83,683.82.
  • On Wednesday, June 3rd, Angeliki Frangou purchased 1,156 shares of Navios Maritime Partners stock. The shares were bought at an average price of $72.14 per share, for a total transaction of $83,393.84.
  • On Tuesday, June 2nd, Angeliki Frangou bought 1,158 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $72.25 per share, for a total transaction of $83,665.50.

Navios Maritime Partners Stock Down 2.9%

NMM stock opened at $70.32 on Friday. Navios Maritime Partners LP has a one year low of $36.62 and a one year high of $80.69. The firm has a market cap of $2.02 billion, a PE ratio of 5.92 and a beta of 1.01. The firm’s 50 day moving average price is $71.92 and its 200-day moving average price is $64.21. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.45 and a current ratio of 1.45.

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

Navios Maritime Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were issued a dividend of $0.06 per share. This is a boost from Navios Maritime Partners’s previous quarterly dividend of $0.05. The ex-dividend date was Monday, May 11th. This represents a $0.24 annualized dividend and a yield of 0.3%. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 2.02%.

Hedge Funds Weigh In On Navios Maritime Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of Navios Maritime Partners by 64.6% during the second quarter. JPMorgan Chase & Co. now owns 17,844 shares of the shipping company’s stock worth $672,000 after acquiring an additional 7,006 shares during the period. Jump Financial LLC purchased a new stake in Navios Maritime Partners in the 2nd quarter valued at approximately $580,000. Cerity Partners LLC purchased a new stake in Navios Maritime Partners in the 2nd quarter valued at approximately $212,000. BNP Paribas Financial Markets boosted its holdings in Navios Maritime Partners by 25.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,706 shares of the shipping company’s stock valued at $290,000 after purchasing an additional 1,559 shares in the last quarter. Finally, Ion Asset Management Ltd. increased its position in Navios Maritime Partners by 2.2% during the 2nd quarter. Ion Asset Management Ltd. now owns 817,963 shares of the shipping company’s stock worth $30,821,000 after purchasing an additional 17,285 shares during the period. 62.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NMM has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. Wall Street Zen upgraded shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. Finally, Jefferies Financial Group started coverage on shares of Navios Maritime Partners in a research report on Friday, April 24th. They issued a “buy” rating and a $85.00 target price on the stock. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Navios Maritime Partners has an average rating of “Moderate Buy” and a consensus price target of $85.00.

View Our Latest Stock Analysis 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.

Further Reading

Insider Buying and Selling by Quarter for Navios Maritime Partners (NYSE:NMM)

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