Navios Maritime Partners LP (NYSE:NMM – Get Free Report) insider Angeliki Frangou acquired 1,118 shares of Navios Maritime Partners stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average cost of $73.63 per share, with a total value of $82,318.34. Following the completion of the transaction, the insider directly owned 4,730,721 shares of the company’s stock, valued at $348,322,987.23. This trade represents a 0.02% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Angeliki Frangou also recently made the following trade(s):
- On Friday, May 22nd, Angeliki Frangou bought 1,116 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $74.30 per share, for a total transaction of $82,918.80.
- On Thursday, May 21st, Angeliki Frangou bought 1,107 shares of Navios Maritime Partners stock. The shares were bought at an average price of $77.81 per share, with a total value of $86,135.67.
- On Wednesday, May 20th, Angeliki Frangou purchased 1,113 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $75.48 per share, with a total value of $84,009.24.
- On Tuesday, May 19th, Angeliki Frangou purchased 1,160 shares of Navios Maritime Partners stock. The stock was bought at an average price of $73.24 per share, for a total transaction of $84,958.40.
- On Monday, May 18th, Angeliki Frangou acquired 1,163 shares of Navios Maritime Partners stock. The shares were bought at an average price of $71.85 per share, for a total transaction of $83,561.55.
- On Friday, May 15th, Angeliki Frangou acquired 1,172 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $70.93 per share, with a total value of $83,129.96.
- On Thursday, May 14th, Angeliki Frangou acquired 1,169 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $71.61 per share, with a total value of $83,712.09.
- On Wednesday, May 13th, Angeliki Frangou bought 1,134 shares of Navios Maritime Partners stock. The stock was bought at an average price of $72.69 per share, with a total value of $82,430.46.
- On Tuesday, May 12th, Angeliki Frangou bought 1,138 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $72.99 per share, for a total transaction of $83,062.62.
- On Monday, May 11th, Angeliki Frangou purchased 1,111 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $73.85 per share, for a total transaction of $82,047.35.
Navios Maritime Partners Trading Down 3.3%
Navios Maritime Partners stock opened at $71.18 on Thursday. The business has a 50 day moving average price of $70.38 and a two-hundred day moving average price of $62.00. The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 0.57. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 6.00 and a beta of 1.06. Navios Maritime Partners LP has a 12 month low of $36.62 and a 12 month high of $80.69.
Navios Maritime Partners Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.3%. This is an increase from Navios Maritime Partners’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, May 11th. Navios Maritime Partners’s dividend payout ratio (DPR) is 2.02%.
Navios Maritime Partners News Roundup
Here are the key news stories impacting Navios Maritime Partners this week:
- Positive Sentiment: Angeliki Frangou bought 1,118 more shares of Navios Maritime Partners, reinforcing a recent trend of repeated insider buying that can signal management’s confidence in the stock’s value. Article Title
- Positive Sentiment: Navios Maritime Partners completed a $30 million senior unsecured bond tap issue due in 2030, boosting liquidity and financial flexibility for general corporate purposes. Article Title
- Neutral Sentiment: Recent coverage noted that Navios Maritime Partners’ diversified shipping exposure supports stability, but valuation looks fair, which may limit upside enthusiasm near term. Article Title
- Neutral Sentiment: The company’s latest earnings were solid, with EPS and revenue both beating expectations, but that report is already being digested by the market and is less of a fresh driver today. Article Title
Institutional Trading of Navios Maritime Partners
Several institutional investors have recently bought and sold shares of NMM. Royal Bank of Canada grew 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 acquiring an additional 202 shares during the period. Valley Wealth Managers Inc. bought a new position in shares of Navios Maritime Partners during the first quarter valued at $63,000. State of Wyoming bought a new position in shares of Navios Maritime Partners during the fourth quarter valued at $137,000. Corient Private Wealth LLC acquired a new stake in shares of Navios Maritime Partners in the 4th quarter valued at $207,000. Finally, Mariner LLC acquired a new stake in shares of Navios Maritime Partners in the 4th quarter valued at $208,000. Institutional investors and hedge funds own 62.74% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on NMM shares. Weiss Ratings upgraded shares of Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, March 17th. Jefferies Financial Group initiated coverage on shares of Navios Maritime Partners in a research report on Friday, April 24th. They set a “buy” rating and a $85.00 target price on the stock. Finally, Wall Street Zen raised shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $85.00.
Check Out Our Latest Research Report on NMM
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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