Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Acquires 1,189 Shares of Stock

Navios Maritime Partners LP (NYSE:NMMGet Free Report) insider Angeliki Frangou acquired 1,189 shares of Navios Maritime Partners stock in a transaction dated Wednesday, July 1st. The shares were bought at an average price of $71.59 per share, with a total value of $85,120.51. Following the transaction, the insider directly owned 4,759,807 shares in the company, valued at approximately $340,754,583.13. The trade was a 0.02% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, July 6th, Angeliki Frangou purchased 1,149 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $74.48 per share, with a total value of $85,577.52.
  • On Thursday, July 2nd, Angeliki Frangou acquired 1,173 shares of Navios Maritime Partners stock. The stock was bought at an average price of $73.05 per share, with a total value of $85,687.65.
  • On Friday, June 26th, Angeliki Frangou bought 1,195 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $69.22 per share, for a total transaction of $82,717.90.
  • On Tuesday, June 30th, Angeliki Frangou bought 1,199 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $69.50 per share, with a total value of $83,330.50.
  • On Monday, June 29th, Angeliki Frangou bought 1,208 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $68.88 per share, with a total value of $83,207.04.
  • On Thursday, June 25th, Angeliki Frangou bought 1,170 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $70.20 per share, with a total value of $82,134.00.
  • On Wednesday, June 24th, Angeliki Frangou purchased 1,148 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $71.94 per share, for a total transaction of $82,587.12.
  • On Tuesday, June 23rd, Angeliki Frangou purchased 1,159 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $72.68 per share, for a total transaction of $84,236.12.
  • On Monday, June 22nd, Angeliki Frangou acquired 1,187 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $71.39 per share, with a total value of $84,739.93.
  • On Thursday, June 18th, Angeliki Frangou bought 1,151 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $71.10 per share, for a total transaction of $81,836.10.

Navios Maritime Partners Stock Performance

Shares of Navios Maritime Partners stock opened at $75.27 on Tuesday. The firm’s fifty day simple moving average is $72.26 and its 200-day simple moving average is $65.72. Navios Maritime Partners LP has a 12 month low of $37.42 and a 12 month high of $80.69. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 6.38 and a beta of 1.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.45 and a quick ratio of 1.45.

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

Navios Maritime Partners Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have commented on the company. Weiss Ratings downgraded Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. Wall Street Zen raised Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. Finally, Jefferies Financial Group assumed coverage on 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. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Navios Maritime Partners has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

View Our Latest Stock Report on Navios Maritime Partners

Hedge Funds Weigh In On Navios Maritime Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in NMM. Royal Bank of Canada raised its stake 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 worth $32,000 after buying an additional 202 shares in the last quarter. Valley Wealth Managers Inc. purchased a new stake in shares of Navios Maritime Partners in the first quarter valued at approximately $63,000. State of Wyoming purchased a new stake in shares of Navios Maritime Partners in the fourth quarter valued at approximately $137,000. Corient Private Wealth LLC acquired a new position in Navios Maritime Partners during the fourth quarter worth $207,000. Finally, Mariner LLC acquired a new position in Navios Maritime Partners during the fourth quarter worth $208,000. Institutional investors and hedge funds own 62.74% of the company’s stock.

About Navios Maritime Partners

(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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