Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Purchases 1,163 Shares

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,163 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were acquired at an average price of $71.85 per share, with a total value of $83,561.55. Following the completion of the purchase, the insider owned 4,725,107 shares in the company, valued at approximately $339,498,937.95. This trade represents a 0.02% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, May 20th, Angeliki Frangou acquired 1,113 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $75.48 per share, with a total value of $84,009.24.
• On Tuesday, May 19th, Angeliki Frangou acquired 1,160 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $73.24 per share, with a total value of $84,958.40.
• On Friday, May 15th, Angeliki Frangou acquired 1,172 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $70.93 per share, with a total value of $83,129.96.
• On Thursday, May 14th, Angeliki Frangou acquired 1,169 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $71.61 per share, with a total value of $83,712.09.
• On Wednesday, May 13th, Angeliki Frangou acquired 1,134 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $72.69 per share, with a total value of $82,430.46.
• On Tuesday, May 12th, Angeliki Frangou acquired 1,138 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $72.99 per share, with a total value of $83,062.62.
• On Monday, May 11th, Angeliki Frangou acquired 1,111 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $73.85 per share, with a total value of $82,047.35.
• On Friday, May 8th, Angeliki Frangou acquired 1,164 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $74.62 per share, with a total value of $86,857.68.
• On Thursday, May 7th, Angeliki Frangou acquired 1,135 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $72.49 per share, with a total value of $82,276.15.
• On Wednesday, May 6th, Angeliki Frangou acquired 1,086 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $74.77 per share, with a total value of $81,200.22.

Navios Maritime Partners Stock Performance

NMM opened at $75.53 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.12 and a quick ratio of 1.13. The firm has a fifty day moving average price of $69.21 and a 200 day moving average price of $61.12. Navios Maritime Partners LP has a 1 year low of $36.62 and a 1 year high of $77.90. The stock has a market cap of $2.17 billion, a P/E ratio of 7.86 and a beta of 1.06.

Navios Maritime Partners (NYSE:NMM) last posted its earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.99. Navios Maritime Partners had a net margin of 21.23% and a return on equity of 9.17%. The firm had revenue of $365.55 million during the quarter, compared to analysts’ expectations of $316.00 million. During the same period in the previous year, the business posted $2.61 EPS. The business’s revenue was up 10.0% compared to the same quarter last year.

Navios Maritime Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were paid a $0.06 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. This is an increase from Navios Maritime Partners’s previous quarterly dividend of $0.05. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 2.50%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Weiss Ratings upgraded shares of Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, March 17th. Finally, Jefferies Financial Group assumed coverage on shares of Navios Maritime Partners in a research note on Friday, April 24th. They issued a “buy” rating and a $85.00 target price for the company. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Navios Maritime Partners has an average rating of “Buy” and a consensus target price of $85.00.

Institutional Investors Weigh In On Navios Maritime Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in Navios Maritime Partners by 50.9% in the 4th quarter. Royal Bank of Canada now owns 599 shares of the shipping company’s stock worth $32,000 after acquiring an additional 202 shares in the last quarter. Valley Wealth Managers Inc. purchased a new stake in Navios Maritime Partners in the 1st quarter worth $63,000. State of Wyoming purchased a new stake in Navios Maritime Partners in the 4th quarter worth $137,000. Corient Private Wealth LLC purchased a new stake in Navios Maritime Partners in the 4th quarter worth $207,000. Finally, Mariner LLC purchased a new stake in Navios Maritime Partners in the 4th quarter worth $208,000. Hedge funds and other institutional investors own 62.74% of the company’s stock.

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.