Angeliki Frangou Acquires 1,189 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou bought 1,189 shares of Navios Maritime Partners stock in a transaction that occurred on Wednesday, July 1st. The stock was purchased at an average cost of $71.59 per share, for a total transaction of $85,120.51. Following the purchase, the insider owned 4,759,807 shares of the company’s stock, valued at $340,754,583.13. The trade was a 0.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, July 6th, Angeliki Frangou purchased 1,149 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $74.48 per share, with a total value of $85,577.52.
• On Thursday, July 2nd, Angeliki Frangou acquired 1,173 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $73.05 per share, with a total value of $85,687.65.
• On Friday, June 26th, Angeliki Frangou acquired 1,195 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $69.22 per share, for a total transaction of $82,717.90.
• On Tuesday, June 30th, Angeliki Frangou acquired 1,199 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $69.50 per share, for a total transaction of $83,330.50.
• On Monday, June 29th, Angeliki Frangou bought 1,208 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $68.88 per share, with a total value of $83,207.04.
• On Thursday, June 25th, Angeliki Frangou bought 1,170 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $70.20 per share, with a total value of $82,134.00.
• On Wednesday, June 24th, Angeliki Frangou purchased 1,148 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $71.94 per share, for a total transaction of $82,587.12.
• On Tuesday, June 23rd, Angeliki Frangou purchased 1,159 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $72.68 per share, for a total transaction of $84,236.12.
• On Monday, June 22nd, Angeliki Frangou acquired 1,187 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $71.39 per share, with a total value of $84,739.93.
• On Thursday, June 18th, Angeliki Frangou bought 1,151 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $71.10 per share, for a total transaction of $81,836.10.

Navios Maritime Partners Price Performance

Shares of NYSE:NMM opened at $75.08 on Wednesday. The stock has a market cap of $2.15 billion, a PE ratio of 6.32 and a beta of 1.00. Navios Maritime Partners LP has a 52 week low of $37.42 and a 52 week high of $80.69. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.57. The company’s fifty day moving average is $72.35 and its 200 day moving average is $65.90.

Navios Maritime Partners (NYSE:NMM) last issued its earnings results on Thursday, May 21st. The shipping company reported $3.35 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $317.80 million. During the same period in the previous year, the firm earned $1.58 earnings per share. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis.

Navios Maritime Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. This is a positive change from Navios Maritime Partners’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, May 11th. Navios Maritime Partners’s payout ratio is currently 2.02%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NMM shares. Wall Street Zen upgraded Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. Jefferies Financial Group initiated coverage on Navios Maritime Partners in a report on Friday, April 24th. They issued a “buy” rating and a $85.00 price objective for the company. Finally, 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 research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Navios Maritime Partners News Summary

Here are the key news stories impacting Navios Maritime Partners this week:

• Positive Sentiment: CEO Angeliki Frangou bought 1,189 shares on July 1, adding to a string of recent open-market purchases, reinforcing a bullish signal from management. Article Title
• Positive Sentiment: Frangou also bought additional shares on July 2 and July 6, extending a multi-day buying pattern that may support investor sentiment around Navios Maritime Partners’ valuation. Article Title
• Neutral Sentiment: The purchases were relatively small in percentage terms, so while they signal confidence, they are not large enough on their own to materially change the company’s fundamentals or near-term outlook.
• Neutral Sentiment: NMM had already posted solid recent results, including earnings and revenue that topped expectations, and it continues to trade near the upper end of its 52-week range.
• Negative Sentiment: No major negative company-specific news was disclosed in the latest batch of articles, so any downside pressure would more likely come from broader shipping-market or market-wide volatility rather than a fresh fundamental setback.

Hedge Funds Weigh In On Navios Maritime Partners

A number of institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its holdings 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 buying an additional 202 shares during the period. Valley Wealth Managers Inc. purchased a new position in shares of Navios Maritime Partners during the 1st quarter worth approximately $63,000. State of Wyoming bought a new position in shares of Navios Maritime Partners in the 4th quarter worth approximately $137,000. Corient Private Wealth LLC bought a new position in shares of Navios Maritime Partners in the 4th quarter worth approximately $207,000. Finally, Mariner LLC purchased a new position in shares of Navios Maritime Partners in the 4th quarter valued at approximately $208,000. 62.74% of the stock is owned by institutional investors.

About Navios Maritime Partners

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.