Insider Buying: Navios Maritime Partners (NYSE:NMM) Insider Buys $85,060.47 in Stock

Navios Maritime Partners LP (NYSE:NMMGet Free Report) insider Angeliki Frangou purchased 1,149 shares of the stock in a transaction on Tuesday, July 21st. The shares were purchased at an average price of $74.03 per share, for a total transaction of $85,060.47. Following the transaction, the insider directly owned 4,774,447 shares of the company’s stock, valued at approximately $353,452,311.41. This represents a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Thursday, July 30th, Angeliki Frangou acquired 1,068 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $78.37 per share, with a total value of $83,699.16.
  • On Wednesday, July 29th, Angeliki Frangou acquired 1,051 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $78.55 per share, for a total transaction of $82,556.05.
  • On Tuesday, July 28th, Angeliki Frangou acquired 1,072 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $78.59 per share, for a total transaction of $84,248.48.
  • On Wednesday, July 22nd, Angeliki Frangou acquired 1,121 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $74.07 per share, for a total transaction of $83,032.47.
  • On Monday, July 20th, Angeliki Frangou bought 1,167 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $72.95 per share, with a total value of $85,132.65.
  • On Monday, July 27th, Angeliki Frangou bought 1,053 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $77.64 per share, with a total value of $81,754.92.
  • On Friday, July 24th, Angeliki Frangou bought 1,084 shares of Navios Maritime Partners stock. The stock was purchased 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 purchased at an average cost of $74.81 per share, with a total value of $84,610.11.
  • On Tuesday, July 14th, Angeliki Frangou purchased 1,105 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $75.58 per share, for a total transaction of $83,515.90.
  • On Monday, July 13th, Angeliki Frangou purchased 1,100 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $75.41 per share, for a total transaction of $82,951.00.

Navios Maritime Partners Trading Up 1.6%

NMM stock opened at $79.22 on Friday. The company has a market capitalization of $2.27 billion, a PE ratio of 6.67 and a beta of 1.00. 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 LP has a one year low of $40.80 and a one year high of $80.97. The company’s 50 day moving average price is $73.26 and its two-hundred day moving average price is $68.69.

Navios Maritime Partners (NYSE:NMMGet Free Report) last announced 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. Navios Maritime Partners had a net margin of 25.05% and a return on equity of 10.48%. The company had revenue of $357.01 million during the quarter, compared to analysts’ expectations of $317.80 million. During the same quarter in the prior year, the company earned $1.58 EPS. The firm’s revenue was up 17.4% on a year-over-year basis.

Navios Maritime Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.24 annualized dividend and a yield of 0.3%. Navios Maritime Partners’s payout ratio is currently 2.02%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in Navios Maritime Partners by 95.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 34,884 shares of the shipping company’s stock worth $1,572,000 after purchasing an additional 17,040 shares in the last quarter. Marnell Management LLC bought a new stake in shares of Navios Maritime Partners during the 4th quarter valued at about $5,027,000. ING Groep NV boosted its stake in shares of Navios Maritime Partners by 51.7% during the 4th quarter. ING Groep NV now owns 146,500 shares of the shipping company’s stock valued at $7,681,000 after purchasing an additional 49,900 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Navios Maritime Partners during the first quarter valued at about $622,000. Finally, Live Oak Investment Partners increased its position in shares of Navios Maritime Partners by 6.8% during the fourth quarter. Live Oak Investment Partners now owns 32,280 shares of the shipping company’s stock valued at $1,692,000 after buying an additional 2,063 shares during the period. 62.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NMM shares. Weiss Ratings cut Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Jefferies Financial Group assumed coverage on Navios Maritime Partners in a research note on Friday, April 24th. They issued a “buy” rating and a $85.00 price target on the stock. 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, Navios Maritime Partners presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Get Our Latest Stock Analysis on Navios Maritime Partners

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.

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

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