Navios Maritime Partners LP (NYSE:NMM – Get Free Report) insider Angeliki Frangou purchased 1,195 shares of the stock in a transaction dated Friday, June 26th. The stock was purchased at an average price of $69.22 per share, with a total value of $82,717.90. Following the completion of the acquisition, the insider directly owned 4,756,211 shares in the company, valued at approximately $329,224,925.42. The trade was a 0.03% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Angeliki Frangou also recently made the following trade(s):
- On Tuesday, June 30th, Angeliki Frangou acquired 1,199 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $69.50 per share, for a total transaction of $83,330.50.
- On Monday, June 29th, Angeliki Frangou acquired 1,208 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $68.88 per share, for a total transaction of $83,207.04.
- On Thursday, June 25th, Angeliki Frangou acquired 1,170 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $70.20 per share, with a total value of $82,134.00.
- On Wednesday, June 24th, Angeliki Frangou bought 1,148 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $71.94 per share, with a total value of $82,587.12.
- On Tuesday, June 23rd, Angeliki Frangou bought 1,159 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $72.68 per share, for a total transaction of $84,236.12.
- On Monday, June 22nd, Angeliki Frangou purchased 1,187 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $71.39 per share, for a total transaction of $84,739.93.
- On Thursday, June 18th, Angeliki Frangou purchased 1,151 shares of Navios Maritime Partners stock. The stock was acquired at an average cost 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 acquired at an average cost of $73.35 per share, with a total value of $82,592.10.
- On Tuesday, June 16th, Angeliki Frangou acquired 1,119 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $73.63 per share, with a total value of $82,391.97.
- On Monday, June 15th, Angeliki Frangou acquired 1,106 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $74.73 per share, for a total transaction of $82,651.38.
Navios Maritime Partners Stock Performance
Shares of NYSE NMM opened at $71.09 on Thursday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.57. The firm’s 50-day moving average price is $72.02 and its two-hundred day moving average price is $65.25. Navios Maritime Partners LP has a 52-week low of $37.42 and a 52-week high of $80.69. The stock has a market capitalization of $2.04 billion, a P/E ratio of 5.99 and a beta of 1.00.
Navios Maritime Partners Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were given a dividend of $0.06 per share. The ex-dividend date was Monday, May 11th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. This is an increase from Navios Maritime Partners’s previous quarterly dividend of $0.05. Navios Maritime Partners’s payout ratio is presently 2.02%.
Institutional Trading of Navios Maritime Partners
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its stake 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 valued at $32,000 after purchasing an additional 202 shares during the last quarter. Valley Wealth Managers Inc. acquired a new position in Navios Maritime Partners in the first quarter worth approximately $63,000. State of Wyoming bought a new position in shares of Navios Maritime Partners in the fourth quarter valued at $137,000. Corient Private Wealth LLC bought a new position in shares of Navios Maritime Partners in the fourth quarter valued at $207,000. Finally, Mariner LLC acquired a new stake in shares of Navios Maritime Partners during the 4th quarter valued at $208,000. 62.74% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. 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 target price on the stock. Wall Street Zen upgraded shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. Finally, Weiss Ratings cut shares of Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Navios Maritime Partners has a consensus rating of “Moderate Buy” and an average price target of $85.00.
Read 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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