Navios Maritime Partners LP (NYSE:NMM – Get Free Report) insider Angeliki Frangou purchased 1,062 shares of Navios Maritime Partners stock in a transaction on Wednesday, August 12th. The stock was acquired at an average cost of $79.16 per share, for a total transaction of $84,067.92. Following the acquisition, the insider directly owned 4,790,901 shares of the company’s stock, valued at approximately $379,247,723.16. This represents a 0.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Angeliki Frangou also recently made the following trade(s):
- On Tuesday, August 11th, Angeliki Frangou purchased 1,057 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $78.40 per share, for a total transaction of $82,868.80.
- On Monday, August 10th, Angeliki Frangou acquired 1,050 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $79.09 per share, with a total value of $83,044.50.
- On Friday, August 7th, Angeliki Frangou acquired 1,054 shares of Navios Maritime Partners stock. The shares were bought at an average price of $78.94 per share, with a total value of $83,202.76.
- On Thursday, August 6th, Angeliki Frangou bought 1,063 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $79.53 per share, for a total transaction of $84,540.39.
- On Wednesday, August 5th, Angeliki Frangou bought 1,064 shares of Navios Maritime Partners stock. The shares were bought at an average price of $78.41 per share, for a total transaction of $83,428.24.
- On Tuesday, August 4th, Angeliki Frangou bought 1,041 shares of Navios Maritime Partners stock. The shares were bought at an average price of $78.94 per share, for a total transaction of $82,176.54.
- On Monday, August 3rd, Angeliki Frangou purchased 653 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $79.91 per share, with a total value 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, for a total transaction of $83,699.16.
- On Wednesday, July 29th, Angeliki Frangou acquired 1,051 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $78.55 per share, for a total transaction of $82,556.05.
Navios Maritime Partners Stock Up 1.9%
NMM opened at $81.16 on Friday. The firm has a market cap of $2.33 billion, a P/E ratio of 6.84 and a beta of 1.02. The business’s fifty day simple moving average is $74.75 and its 200 day simple moving average is $70.32. Navios Maritime Partners LP has a 52 week low of $42.77 and a 52 week 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 company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were given a dividend of $0.06 per share. The ex-dividend date was Monday, August 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Navios Maritime Partners’s dividend payout ratio (DPR) is 2.02%.
Analyst Ratings Changes
Several research analysts have weighed in on NMM shares. Weiss Ratings downgraded Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Jefferies Financial Group began coverage on Navios Maritime Partners in a research report on Friday, April 24th. They issued a “buy” rating and a $85.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.
Get Our Latest Analysis on NMM
Institutional Investors Weigh In On Navios Maritime Partners
Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its position in Navios Maritime Partners by 50.9% during 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 last quarter. Raymond James Financial Inc. boosted its holdings in shares of Navios Maritime Partners by 5.6% in the 3rd quarter. Raymond James Financial Inc. now owns 7,192 shares of the shipping company’s stock valued at $324,000 after purchasing an additional 380 shares during the last quarter. Valley Wealth Managers Inc. acquired a new position in shares of Navios Maritime Partners in the 1st quarter valued at $63,000. BNP Paribas Financial Markets grew its stake in shares of Navios Maritime Partners by 25.4% during the 2nd 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 during the period. Finally, State of Wyoming grew its stake in shares of Navios Maritime Partners by 77.8% during the 1st 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 during the period. 62.74% of the stock is owned by institutional investors and hedge funds.
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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