Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Acquires 1,054 Shares

Navios Maritime Partners LP (NYSE:NMMGet Free Report) insider Angeliki Frangou purchased 1,054 shares of the stock in a transaction dated Friday, August 7th. The shares were purchased at an average price of $78.94 per share, with a total value of $83,202.76. Following the completion of the transaction, the insider owned 4,787,732 shares of the company’s stock, valued at approximately $377,943,564.08. This trade represents a 0.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Thursday, August 6th, Angeliki Frangou acquired 1,063 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $79.53 per share, for a total transaction of $84,540.39.
  • On Wednesday, August 5th, Angeliki Frangou acquired 1,064 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $78.41 per share, for a total transaction of $83,428.24.
  • On Tuesday, August 4th, Angeliki Frangou bought 1,041 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $78.94 per share, for a total transaction of $82,176.54.
  • On Monday, August 3rd, Angeliki Frangou bought 653 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $79.91 per share, with a total value of $52,181.23.
  • On Friday, July 31st, Angeliki Frangou bought 830 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $80.00 per share, with a total value of $66,400.00.
  • On Thursday, July 30th, Angeliki Frangou bought 1,068 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $78.37 per share, with a total value of $83,699.16.
  • On Wednesday, July 29th, Angeliki Frangou bought 1,051 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $78.55 per share, with a total value of $82,556.05.
  • On Tuesday, July 28th, Angeliki Frangou purchased 1,072 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $78.59 per share, for a total transaction of $84,248.48.
  • 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 acquired 1,149 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $74.03 per share, with a total value of $85,060.47.

Navios Maritime Partners Trading Up 0.1%

NYSE NMM opened at $79.09 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 6.66 and a beta of 1.02. The firm has a 50 day simple moving average of $74.14 and a 200-day simple moving average of $69.58. Navios Maritime Partners LP has a one year low of $42.77 and a one year high of $82.84.

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

Navios Maritime Partners Dividend Announcement

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 is Monday, August 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Navios Maritime Partners’s payout ratio is 2.02%.

Wall Street Analyst Weigh In

NMM has been the topic of several analyst reports. Jefferies Financial Group started coverage on Navios Maritime Partners in a research note on Friday, April 24th. They issued a “buy” rating and a $85.00 price objective on the stock. Weiss Ratings cut Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Navios Maritime Partners has a consensus rating of “Moderate Buy” and an average price target of $85.00.

Get Our Latest Report on Navios Maritime Partners

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NMM. Royal Bank of Canada increased its position in shares of Navios Maritime Partners by 50.9% in the 4th 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. purchased a new stake in shares of Navios Maritime Partners during the 1st quarter worth $63,000. State of Wyoming purchased a new stake in shares of Navios Maritime Partners during the 4th quarter worth $137,000. Corient Private Wealth LLC acquired a new position in shares of Navios Maritime Partners during the fourth quarter worth $207,000. Finally, Mariner LLC acquired a new position in shares of Navios Maritime Partners during the fourth quarter worth $208,000. 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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