Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Buys 1,162 Shares

Navios Maritime Partners LP (NYSE:NMMGet Free Report) insider Angeliki Frangou bought 1,162 shares of Navios Maritime Partners stock in a transaction dated Monday, June 8th. The stock was acquired at an average cost of $71.02 per share, with a total value of $82,525.24. Following the completion of the acquisition, the insider directly owned 4,741,231 shares of the company’s stock, valued at approximately $336,722,225.62. The trade was a 0.02% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Angeliki Frangou also recently made the following trade(s):

  • On Friday, June 5th, Angeliki Frangou bought 1,167 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $71.66 per share, with a total value of $83,627.22.
  • On Thursday, June 4th, Angeliki Frangou bought 1,166 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $71.77 per share, with a total value of $83,683.82.
  • On Wednesday, June 3rd, Angeliki Frangou bought 1,156 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $72.14 per share, with a total value of $83,393.84.
  • On Tuesday, June 2nd, Angeliki Frangou bought 1,158 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $72.25 per share, with a total value of $83,665.50.
  • On Monday, June 1st, Angeliki Frangou bought 1,203 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $71.36 per share, with a total value of $85,846.08.
  • On Friday, May 29th, Angeliki Frangou purchased 1,196 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $69.57 per share, for a total transaction of $83,205.72.
  • On Thursday, May 28th, Angeliki Frangou purchased 1,170 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $70.65 per share, for a total transaction of $82,660.50.
  • On Wednesday, May 27th, Angeliki Frangou purchased 1,132 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $72.61 per share, for a total transaction of $82,194.52.
  • On Tuesday, May 26th, Angeliki Frangou purchased 1,118 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $73.63 per share, for a total transaction of $82,318.34.
  • On Friday, May 22nd, Angeliki Frangou purchased 1,116 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $74.30 per share, for a total transaction of $82,918.80.

Navios Maritime Partners Stock Performance

Shares of Navios Maritime Partners stock traded down $0.56 on Monday, reaching $71.13. 76,544 shares of the stock were exchanged, compared to its average volume of 140,596. Navios Maritime Partners LP has a 1-year low of $36.62 and a 1-year high of $80.69. 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 business has a fifty day moving average price of $71.13 and a two-hundred day moving average price of $63.10. The firm has a market capitalization of $2.04 billion, a PE ratio of 5.99 and a beta of 1.02.

Navios Maritime Partners (NYSE:NMMGet Free Report) last issued its quarterly earnings results on Thursday, May 21st. The shipping company reported $3.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.58. Navios Maritime Partners had a net margin of 25.05% and a return on equity of 10.48%. The business had revenue of $357.01 million for the quarter, compared to analyst estimates of $317.80 million. During the same period in the previous year, the business posted $1.58 earnings per share. The business’s revenue was up 17.4% compared to the same quarter last year.

Navios Maritime Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. This is a positive change from Navios Maritime Partners’s previous quarterly dividend of $0.05. The ex-dividend date was Monday, May 11th. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 2.02%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew 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 buying an additional 202 shares during the period. Valley Wealth Managers Inc. acquired a new position in Navios Maritime Partners during the first quarter worth about $63,000. State of Wyoming acquired a new position in Navios Maritime Partners during the fourth quarter worth about $137,000. Corient Private Wealth LLC acquired a new position in Navios Maritime Partners during the fourth quarter worth about $207,000. Finally, Mariner LLC acquired a new position in Navios Maritime Partners during the fourth quarter worth about $208,000. 62.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NMM shares. Wall Street Zen upgraded shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Weiss Ratings lowered shares of Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. Finally, 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 target price on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $85.00.

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Navios Maritime Partners Company Profile

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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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Insider Buying and Selling by Quarter for Navios Maritime Partners (NYSE:NMM)

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