Navios Maritime Partners (NYSE:NMM) Insider Acquires $85,132.65 in Stock

Navios Maritime Partners LP (NYSE:NMMGet Free Report) insider Angeliki Frangou bought 1,167 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The stock was acquired at an average cost of $72.95 per share, with a total value of $85,132.65. Following the completion of the acquisition, the insider owned 4,773,298 shares of the company’s stock, valued at $348,212,089.10. This represents a 0.02% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Wednesday, July 22nd, Angeliki Frangou purchased 1,121 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $74.07 per share, for a total transaction of $83,032.47.
  • On Tuesday, July 21st, Angeliki Frangou purchased 1,149 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $74.03 per share, for a total transaction of $85,060.47.
  • On Monday, July 27th, Angeliki Frangou acquired 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 acquired 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 Thursday, July 23rd, Angeliki Frangou bought 1,131 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $74.81 per share, for a total transaction of $84,610.11.
  • On Tuesday, July 14th, Angeliki Frangou bought 1,105 shares of Navios Maritime Partners stock. The stock was acquired 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 acquired at an average price of $75.41 per share, for a total transaction of $82,951.00.
  • On Friday, July 10th, Angeliki Frangou purchased 1,129 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $75.36 per share, with a total value of $85,081.44.
  • On Thursday, July 9th, Angeliki Frangou purchased 1,099 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $73.74 per share, with a total value of $81,040.26.
  • On Wednesday, July 8th, Angeliki Frangou purchased 1,108 shares of Navios Maritime Partners stock. The stock was bought at an average price of $76.14 per share, with a total value of $84,363.12.

Navios Maritime Partners Trading Up 1.7%

NYSE NMM traded up $1.29 during trading hours on Tuesday, hitting $79.00. 30,795 shares of the company were exchanged, compared to its average volume of 145,625. The stock has a 50-day moving average price of $73.03 and a 200 day moving average price of $68.21. 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 52 week low of $40.80 and a 52 week high of $80.97. The stock has a market cap of $2.26 billion, a PE ratio of 6.66 and a beta of 1.00.

Navios Maritime Partners (NYSE:NMMGet Free Report) last issued its quarterly earnings data on Thursday, May 21st. The shipping company reported $3.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.58. The business had revenue of $357.01 million for 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 company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.58 earnings per share.

Wall Street Analyst Weigh In

NMM has been the topic of a number of analyst reports. Weiss Ratings cut shares of Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. Jefferies Financial Group initiated coverage on shares of Navios Maritime Partners in a report on Friday, April 24th. They issued a “buy” rating and a $85.00 target price for the company. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Check Out Our Latest Analysis on Navios Maritime Partners

Hedge Funds Weigh In On Navios Maritime Partners

Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its stake 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 worth $32,000 after purchasing an additional 202 shares during the period. Valley Wealth Managers Inc. purchased a new stake in shares of Navios Maritime Partners during the first quarter valued at $63,000. State of Wyoming purchased a new stake in shares of Navios Maritime Partners during 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 worth about $207,000. Finally, Mariner LLC bought a new position in shares of Navios Maritime Partners in the fourth quarter worth about $208,000. Institutional investors own 62.74% of the company’s stock.

About Navios Maritime Partners

(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.

Featured Articles

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

Receive News & Ratings for Navios Maritime Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime Partners and related companies with MarketBeat.com's FREE daily email newsletter.