Navios Maritime Partners LP (NYSE:NMM – Get Free Report) insider Angeliki Frangou purchased 1,121 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The stock was acquired at an average cost of $74.07 per share, for a total transaction of $83,032.47. Following the completion of the purchase, the insider owned 4,775,568 shares of the company’s stock, valued at approximately $353,726,321.76. This represents a 0.02% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
Angeliki Frangou also recently made the following trade(s):
- On Tuesday, July 21st, Angeliki Frangou acquired 1,149 shares of Navios Maritime Partners stock. The shares were bought at an average price of $74.03 per share, for a total transaction of $85,060.47.
- On Monday, July 20th, Angeliki Frangou purchased 1,167 shares of Navios Maritime Partners stock. The shares were bought at an average price of $72.95 per share, for a total transaction of $85,132.65.
- On Monday, July 27th, Angeliki Frangou purchased 1,053 shares of Navios Maritime Partners stock. The shares were bought at an average price of $77.64 per share, for a total transaction of $81,754.92.
- On Friday, July 24th, Angeliki Frangou acquired 1,084 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $79.02 per share, with a total value of $85,657.68.
- On Thursday, July 23rd, Angeliki Frangou bought 1,131 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $74.81 per share, for a total transaction of $84,610.11.
- On Tuesday, July 14th, Angeliki Frangou bought 1,105 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $75.58 per share, for a total transaction of $83,515.90.
- On Monday, July 13th, Angeliki Frangou bought 1,100 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $75.41 per share, for a total transaction of $82,951.00.
- On Friday, July 10th, Angeliki Frangou purchased 1,129 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $75.36 per share, with a total value of $85,081.44.
- On Thursday, July 9th, Angeliki Frangou purchased 1,099 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $73.74 per share, with a total value of $81,040.26.
- On Wednesday, July 8th, Angeliki Frangou purchased 1,108 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $76.14 per share, with a total value of $84,363.12.
Navios Maritime Partners Trading Up 1.9%
NMM opened at $79.20 on Wednesday. Navios Maritime Partners LP has a one year low of $40.80 and a one year high of $80.97. The stock has a market capitalization of $2.27 billion, a PE ratio of 6.67 and a beta of 1.00. The business’s 50 day moving average price is $73.12 and its 200 day moving average price is $68.37. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.45 and a current ratio of 1.45.
Institutional Trading of Navios Maritime Partners
Several institutional investors have recently added to or reduced their stakes in NMM. Royal Bank of Canada raised its position in Navios Maritime Partners by 50.9% in the fourth quarter. Royal Bank of Canada now owns 599 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 202 shares during the period. Raymond James Financial Inc. boosted its position in shares of Navios Maritime Partners by 5.6% during the third quarter. Raymond James Financial Inc. now owns 7,192 shares of the shipping company’s stock worth $324,000 after buying an additional 380 shares during the period. Valley Wealth Managers Inc. purchased a new position in shares of Navios Maritime Partners during the first quarter worth $63,000. BNP Paribas Financial Markets grew its stake in shares of Navios Maritime Partners by 25.4% in the second quarter. BNP Paribas Financial Markets now owns 7,706 shares of the shipping company’s stock valued at $290,000 after buying an additional 1,559 shares in the last quarter. Finally, State of Wyoming grew its stake in shares of Navios Maritime Partners by 77.8% in the first quarter. State of Wyoming now owns 4,637 shares of the shipping company’s stock valued at $313,000 after buying an additional 2,029 shares in the last quarter. Institutional investors and hedge funds own 62.74% of the company’s stock.
Key Navios Maritime Partners News
Here are the key news stories impacting Navios Maritime Partners this week:
- Positive Sentiment: Angeliki Frangou purchased 6,705 NMM shares across six transactions from July 20 through July 27 for approximately $505,248, at prices ranging from $72.95 to $79.02 per share. The purchases were disclosed in SEC filings. SEC insider ownership filing SEC insider purchase filing
- Positive Sentiment: Following the purchases, Frangou directly owned approximately 4.78 million NMM shares. Repeated buying by a major insider is generally viewed favorably by investors because it indicates the insider is committing additional capital rather than selling into the recent rally.
- Neutral Sentiment: The purchases were individually small—each increased Frangou’s position by only about 0.02%—so the transactions are more of a confidence signal than a material change to Navios Maritime Partners’ financial position. Investors should also weigh shipping-market conditions, vessel rates, leverage and the company’s upcoming operating results.
Wall Street Analysts Forecast Growth
NMM has been the subject of a number of recent analyst reports. Jefferies Financial Group began coverage on Navios Maritime Partners in a research report on Friday, April 24th. They set a “buy” rating and a $85.00 price objective for the company. Weiss Ratings cut shares of Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Navios Maritime Partners presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.
Read Our Latest Stock 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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