Navios Maritime Partners LP (NYSE:NMM – Get Free Report) insider Angeliki Frangou purchased 1,068 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were acquired at an average price of $78.37 per share, with a total value of $83,699.16. Following the purchase, the insider owned 4,782,027 shares of the company’s stock, valued at approximately $374,767,455.99. This trade represents a 0.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Angeliki Frangou also recently made the following trade(s):
- On Wednesday, July 29th, Angeliki Frangou acquired 1,051 shares of Navios Maritime Partners stock. The stock was bought at an average price of $78.55 per share, for a total transaction of $82,556.05.
- On Tuesday, July 28th, Angeliki Frangou bought 1,072 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $78.59 per share, with a total value of $84,248.48.
- On Wednesday, July 22nd, Angeliki Frangou bought 1,121 shares of Navios Maritime Partners stock. The shares were bought at an average price of $74.07 per share, with a total value of $83,032.47.
- On Tuesday, July 21st, Angeliki Frangou bought 1,149 shares of Navios Maritime Partners stock. The shares were bought at an average price of $74.03 per share, with a total value of $85,060.47.
- On Monday, July 20th, Angeliki Frangou purchased 1,167 shares of Navios Maritime Partners stock. The stock was bought at an average cost 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 stock was 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 bought at an average cost 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 stock was purchased at an average price 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 cost 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 shares were purchased at an average price of $75.41 per share, with a total value of $82,951.00.
Navios Maritime Partners Price Performance
NMM stock traded up $1.21 during trading on Thursday, hitting $79.22. 83,673 shares of the stock traded hands, compared to its average volume of 106,497. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 6.67 and a beta of 1.00. Navios Maritime Partners LP has a one year low of $40.80 and a one year high of $80.97. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.57. The company has a 50 day simple moving average of $73.26 and a 200 day simple moving average of $68.69.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on NMM shares. Jefferies Financial Group began coverage on Navios Maritime Partners in a report on Friday, April 24th. They set a “buy” rating and a $85.00 price target for the company. Weiss Ratings lowered Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.
Check Out Our Latest Analysis on NMM
Hedge Funds Weigh In On Navios Maritime Partners
Several hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased 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 worth $32,000 after purchasing an additional 202 shares during the period. Valley Wealth Managers Inc. acquired a new position in Navios Maritime Partners during the 1st quarter valued at about $63,000. State of Wyoming bought a new position in shares of Navios Maritime Partners in the 4th quarter valued at about $137,000. Corient Private Wealth LLC acquired a new stake in shares of Navios Maritime Partners during the 4th quarter worth approximately $207,000. Finally, Mariner LLC bought a new stake in shares of Navios Maritime Partners during the fourth quarter worth approximately $208,000. Institutional investors own 62.74% of the company’s stock.
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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