Navios Maritime Partners LP (NYSE:NMM – Get Free Report) insider Angeliki Frangou purchased 1,131 shares of the stock in a transaction that occurred on Thursday, July 23rd. The stock was acquired at an average cost of $74.81 per share, with a total value of $84,610.11. Following the completion of the acquisition, the insider directly owned 4,776,699 shares of the company’s stock, valued at $357,344,852.19. This represents a 0.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Angeliki Frangou also recently made the following trade(s):
- On Monday, July 27th, Angeliki Frangou purchased 1,053 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $77.64 per share, with a total value of $81,754.92.
- On Friday, July 24th, Angeliki Frangou purchased 1,084 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $79.02 per share, with a total value of $85,657.68.
- On Tuesday, July 14th, Angeliki Frangou bought 1,105 shares of Navios Maritime Partners stock. The shares were bought at an average price of $75.58 per share, for a total transaction of $83,515.90.
- On Monday, July 13th, Angeliki Frangou bought 1,100 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $75.41 per share, for a total transaction of $82,951.00.
- On Friday, July 10th, Angeliki Frangou acquired 1,129 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $75.36 per share, for a total transaction of $85,081.44.
- On Thursday, July 9th, Angeliki Frangou bought 1,099 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $73.74 per share, with a total value of $81,040.26.
- On Wednesday, July 8th, Angeliki Frangou acquired 1,108 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $76.14 per share, with a total value of $84,363.12.
- On Tuesday, July 7th, Angeliki Frangou acquired 1,113 shares of Navios Maritime Partners stock. The shares were bought at an average price of $75.12 per share, with a total value of $83,608.56.
- On Monday, July 6th, Angeliki Frangou acquired 1,149 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $74.48 per share, for a total transaction of $85,577.52.
- On Thursday, July 2nd, Angeliki Frangou acquired 1,173 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $73.05 per share, for a total transaction of $85,687.65.
Navios Maritime Partners Trading Up 1.7%
Shares of NMM traded up $1.29 during mid-day trading on Tuesday, hitting $79.00. The company had a trading volume of 29,968 shares, compared to its average volume of 145,625. The business’s 50-day simple moving average is $73.03 and its 200-day simple moving average is $68.21. The stock has a market cap of $2.26 billion, a PE ratio of 6.66 and a beta of 1.00. 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 LP has a 1-year low of $40.80 and a 1-year high of $80.97.
Institutional Investors Weigh In On Navios Maritime Partners
Several hedge funds and other institutional investors have recently made changes to their positions in NMM. Ion Asset Management Ltd. grew its holdings in Navios Maritime Partners by 2.2% during the 2nd quarter. Ion Asset Management Ltd. now owns 817,963 shares of the shipping company’s stock worth $30,821,000 after acquiring an additional 17,285 shares during the period. ION Fund Management Ltd acquired a new position in Navios Maritime Partners during the fourth quarter valued at approximately $24,432,000. Bank of America Corp DE raised its stake in Navios Maritime Partners by 57.6% in the first quarter. Bank of America Corp DE now owns 199,141 shares of the shipping company’s stock valued at $13,438,000 after buying an additional 72,754 shares during the period. Walleye Capital LLC lifted its holdings in Navios Maritime Partners by 45,274.3% during the 1st quarter. Walleye Capital LLC now owns 149,527 shares of the shipping company’s stock worth $10,090,000 after purchasing an additional 149,858 shares during the last quarter. Finally, ING Groep NV grew its position in Navios Maritime Partners by 51.7% during the fourth quarter. ING Groep NV now owns 146,500 shares of the shipping company’s stock worth $7,681,000 after buying an additional 49,900 shares in the last quarter. 62.74% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently 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 started coverage on Navios Maritime Partners in a research report on Friday, April 24th. They issued a “buy” rating and a $85.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.00.
Get Our Latest Stock Report on Navios Maritime Partners
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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