Navios Maritime Partners (NYSE:NMM) Insider Buys $85,132.65 in Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou bought 1,167 shares of Navios Maritime Partners stock in a transaction that occurred on Monday, July 20th. The stock was bought at an average price of $72.95 per share, for a total transaction of $85,132.65. Following the completion of the acquisition, the insider directly owned 4,773,298 shares of the company’s stock, valued at $348,212,089.10. The trade was a 0.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Thursday, July 30th, Angeliki Frangou purchased 1,068 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $78.37 per share, with a total value of $83,699.16.
• On Wednesday, July 29th, Angeliki Frangou purchased 1,051 shares of Navios Maritime Partners stock. The stock was 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 stock was purchased at an average cost 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 stock was purchased 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 shares were purchased at an average price of $74.03 per share, with a total value of $85,060.47.
• On Monday, July 27th, Angeliki Frangou bought 1,053 shares of Navios Maritime Partners stock. The shares were purchased at an average cost 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 price of $79.02 per share, for a total transaction 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 price of $74.81 per share, for a total transaction of $84,610.11.
• On Tuesday, July 14th, Angeliki Frangou purchased 1,105 shares of Navios Maritime Partners stock. The shares were purchased at an average cost 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 price of $75.41 per share, with a total value of $82,951.00.

Navios Maritime Partners Stock Performance

Shares of Navios Maritime Partners stock opened at $79.22 on Friday. The business has a 50-day moving average price of $73.26 and a two-hundred day moving average price of $68.69. Navios Maritime Partners LP has a 1-year low of $40.80 and a 1-year high of $80.97. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.57. The company has a market cap of $2.27 billion, a P/E ratio of 6.67 and a beta of 1.00.

Navios Maritime Partners (NYSE:NMM) 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 return on equity of 10.48% and a net margin of 25.05%.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 business earned $1.58 EPS. The firm’s revenue was up 17.4% compared to the same quarter last year.

Navios Maritime Partners Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on NMM. 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 shares of Navios Maritime Partners in a research note on Friday, April 24th. They issued a “buy” rating and a $85.00 price objective for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Hedge Funds Weigh In On Navios Maritime Partners

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake 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 buying an additional 202 shares during the period. Valley Wealth Managers Inc. bought a new stake in Navios Maritime Partners in the 1st quarter valued at about $63,000. State of Wyoming acquired a new position in Navios Maritime Partners during the 4th quarter worth approximately $137,000. Corient Private Wealth LLC acquired a new position in Navios Maritime Partners during the 4th quarter worth approximately $207,000. Finally, Mariner LLC bought a new position in Navios Maritime Partners in the fourth quarter worth approximately $208,000. 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.