Angeliki Frangou Buys 1,159 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMMGet Free Report) insider Angeliki Frangou acquired 1,159 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought at an average price of $72.68 per share, for a total transaction of $84,236.12. Following the completion of the acquisition, the insider owned 4,752,698 shares of the company’s stock, valued at $345,426,090.64. This trade represents a 0.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Thursday, June 25th, Angeliki Frangou acquired 1,170 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $70.20 per share, for a total transaction of $82,134.00.
  • On Wednesday, June 24th, Angeliki Frangou bought 1,148 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $71.94 per share, with a total value of $82,587.12.
  • On Monday, June 22nd, Angeliki Frangou bought 1,187 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $71.39 per share, with a total value of $84,739.93.
  • On Thursday, June 18th, Angeliki Frangou bought 1,151 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $71.10 per share, with a total value of $81,836.10.
  • On Wednesday, June 17th, Angeliki Frangou purchased 1,126 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $73.35 per share, for a total transaction of $82,592.10.
  • On Tuesday, June 16th, Angeliki Frangou purchased 1,119 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $73.63 per share, for a total transaction of $82,391.97.
  • On Monday, June 15th, Angeliki Frangou purchased 1,106 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $74.73 per share, for a total transaction of $82,651.38.
  • On Friday, June 12th, Angeliki Frangou acquired 1,135 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $74.19 per share, with a total value of $84,205.65.
  • On Thursday, June 11th, Angeliki Frangou acquired 1,155 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $73.34 per share, with a total value of $84,707.70.
  • On Wednesday, June 10th, Angeliki Frangou acquired 1,154 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $72.18 per share, with a total value of $83,295.72.

Navios Maritime Partners Stock Down 0.9%

Shares of Navios Maritime Partners stock opened at $69.07 on Friday. The business’s 50 day simple moving average is $72.00 and its 200 day simple moving average is $64.80. Navios Maritime Partners LP has a 52-week low of $36.62 and a 52-week high of $80.69. The firm has a market cap of $1.98 billion, a PE ratio of 5.82 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.45 and a current ratio of 1.45.

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

Navios Maritime Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were given a $0.06 dividend. This is a boost from Navios Maritime Partners’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, May 11th. Navios Maritime Partners’s payout ratio is presently 2.02%.

Analyst Ratings Changes

NMM has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on shares of Navios Maritime Partners in a research report on Friday, April 24th. They issued a “buy” rating and a $85.00 target price 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. Finally, Wall Street Zen upgraded Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

View Our Latest Analysis on NMM

Institutional Investors Weigh In On Navios Maritime Partners

Large investors have recently made changes to their positions in the stock. ION Fund Management Ltd acquired a new position in Navios Maritime Partners during the fourth quarter worth $24,432,000. Walleye Capital LLC lifted its stake in Navios Maritime Partners by 45,274.3% in the first quarter. Walleye Capital LLC now owns 149,527 shares of the shipping company’s stock valued at $10,090,000 after acquiring an additional 149,858 shares during the last quarter. Marnell Management LLC acquired a new stake in Navios Maritime Partners in the fourth quarter valued at $5,027,000. Bank of America Corp DE grew its position in shares of Navios Maritime Partners by 57.6% in the 1st quarter. Bank of America Corp DE now owns 199,141 shares of the shipping company’s stock valued at $13,438,000 after acquiring an additional 72,754 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Navios Maritime Partners by 150.9% in the 4th quarter. JPMorgan Chase & Co. now owns 87,535 shares of the shipping company’s stock valued at $4,589,000 after acquiring an additional 52,651 shares during the period. Institutional investors and hedge funds own 62.74% of the company’s stock.

Navios Maritime Partners Company Profile

(Get Free Report)

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.

See Also

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

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