Navios Maritime Partners LP (NYSE:NMM – Get Free Report) insider Angeliki Frangou bought 1,057 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of $78.40 per share, for a total transaction of $82,868.80. Following the completion of the transaction, the insider owned 4,789,839 shares of the company’s stock, valued at $375,523,377.60. This represents a 0.02% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Angeliki Frangou also recently made the following trade(s):
- On Wednesday, August 12th, Angeliki Frangou bought 1,062 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $79.16 per share, for a total transaction of $84,067.92.
- On Monday, August 10th, Angeliki Frangou purchased 1,050 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $79.09 per share, with a total value of $83,044.50.
- On Friday, August 7th, Angeliki Frangou acquired 1,054 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $78.94 per share, for a total transaction of $83,202.76.
- On Thursday, August 6th, Angeliki Frangou acquired 1,063 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $79.53 per share, for a total transaction of $84,540.39.
- On Wednesday, August 5th, Angeliki Frangou bought 1,064 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $78.41 per share, with a total value of $83,428.24.
- On Tuesday, August 4th, Angeliki Frangou purchased 1,041 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $78.94 per share, for a total transaction of $82,176.54.
- On Monday, August 3rd, Angeliki Frangou purchased 653 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $79.91 per share, for a total transaction of $52,181.23.
- On Friday, July 31st, Angeliki Frangou acquired 830 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $80.00 per share, with a total value of $66,400.00.
- On Thursday, July 30th, Angeliki Frangou purchased 1,068 shares of Navios Maritime Partners stock. The stock was bought 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 shares were purchased at an average price of $78.55 per share, for a total transaction of $82,556.05.
Navios Maritime Partners Trading Up 1.7%
Navios Maritime Partners stock traded up $1.37 during trading on Wednesday, reaching $79.78. The company had a trading volume of 57,119 shares, compared to its average volume of 109,627. The stock’s 50 day moving average price is $74.56 and its two-hundred day moving average price is $70.15. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 6.72 and a beta of 1.02. 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 12-month low of $42.77 and a 12-month high of $82.84.
Navios Maritime Partners Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, August 10th will be given a $0.06 dividend. The ex-dividend date of this dividend 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 presently 2.02%.
Institutional Investors Weigh In On Navios Maritime Partners
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sei Investments Co. bought a new stake in Navios Maritime Partners in the first quarter worth about $1,889,000. Marnell Management LLC acquired a new position in Navios Maritime Partners in the 4th quarter worth about $5,027,000. ING Groep NV raised 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 valued at $7,681,000 after acquiring an additional 49,900 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Navios Maritime Partners in the 1st quarter valued at $622,000. Finally, Bank of America Corp DE increased its holdings in shares of Navios Maritime Partners by 57.6% during the 1st quarter. Bank of America Corp DE now owns 199,141 shares of the shipping company’s stock valued at $13,438,000 after acquiring an additional 72,754 shares during the last quarter. 62.74% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Weiss Ratings lowered 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 shares of Navios Maritime Partners in a research report on Friday, April 24th. They issued a “buy” rating and a $85.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.00.
Get Our Latest Analysis 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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