Navios Maritime Partners LP (NYSE:NMM – Get Free Report) insider Angeliki Frangou bought 1,041 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of $78.94 per share, with a total value of $82,176.54. Following the completion of the transaction, the insider owned 4,784,551 shares in the company, valued at approximately $377,692,455.94. This trade represents a 0.02% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Angeliki Frangou also recently made the following trade(s):
- On Monday, August 3rd, Angeliki Frangou purchased 653 shares of Navios Maritime Partners stock. The shares were bought at an average price of $79.91 per share, for a total transaction of $52,181.23.
- On Friday, July 31st, Angeliki Frangou purchased 830 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $80.00 per share, with a total value of $66,400.00.
- On Thursday, July 30th, Angeliki Frangou acquired 1,068 shares of Navios Maritime Partners stock. The stock was bought at an average price of $78.37 per share, with a total value of $83,699.16.
- 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, with a total value of $82,556.05.
- On Tuesday, July 28th, Angeliki Frangou acquired 1,072 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $78.59 per share, for a total transaction of $84,248.48.
- On Wednesday, July 22nd, Angeliki Frangou bought 1,121 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $74.07 per share, for a total transaction of $83,032.47.
- On Tuesday, July 21st, Angeliki Frangou bought 1,149 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $74.03 per share, with a total value of $85,060.47.
- On Monday, July 20th, Angeliki Frangou bought 1,167 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $72.95 per share, with a total value of $85,132.65.
- On Monday, July 27th, Angeliki Frangou bought 1,053 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $77.64 per share, with a total value of $81,754.92.
- On Friday, July 24th, Angeliki Frangou purchased 1,084 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $79.02 per share, for a total transaction of $85,657.68.
Navios Maritime Partners Trading Up 0.9%
NYSE NMM opened at $79.05 on Friday. The firm has a market capitalization of $2.27 billion, a PE ratio of 6.66 and a beta of 1.02. The stock’s 50 day moving average is $73.94 and its 200 day moving average is $69.51. Navios Maritime Partners LP has a twelve month low of $42.77 and a twelve month high of $82.84. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.57.
Navios Maritime Partners Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, August 10th. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 2.02%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on NMM shares. Jefferies Financial Group began coverage on shares of Navios Maritime Partners in a research report on Friday, April 24th. They set a “buy” rating and a $85.00 price target for the company. Weiss Ratings downgraded shares of Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.
View Our Latest Stock Report on NMM
Institutional Investors Weigh In On Navios Maritime Partners
Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its position in shares of Navios Maritime Partners by 50.9% in the 4th 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 last quarter. Valley Wealth Managers Inc. purchased a new stake in Navios Maritime Partners during the 1st quarter valued at about $63,000. State of Wyoming purchased a new stake in Navios Maritime Partners during the 4th quarter valued at about $137,000. Corient Private Wealth LLC purchased a new stake in Navios Maritime Partners during the 4th quarter valued at about $207,000. Finally, Mariner LLC bought a new stake in Navios Maritime Partners during the 4th quarter valued at about $208,000. 62.74% of the stock is owned by hedge funds and other institutional investors.
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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