Angeliki Frangou Buys 653 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou bought 653 shares of Navios Maritime Partners stock in a transaction dated Monday, August 3rd. The shares were bought at an average cost of $79.91 per share, for a total transaction of $52,181.23. Following the completion of the acquisition, the insider owned 4,783,510 shares in the company, valued at $382,250,284.10. This represents a 0.01% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, August 4th, Angeliki Frangou purchased 1,041 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $78.94 per share, with a total value of $82,176.54.
• On Friday, July 31st, Angeliki Frangou purchased 830 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $80.00 per share, with a total value of $66,400.00.
• On Thursday, July 30th, Angeliki Frangou acquired 1,068 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $78.37 per share, with a total value of $83,699.16.
• On Wednesday, July 29th, Angeliki Frangou acquired 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.
• On Tuesday, July 28th, Angeliki Frangou acquired 1,072 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $78.59 per share, for a total transaction of $84,248.48.
• On Wednesday, July 22nd, Angeliki Frangou bought 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 bought 1,149 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $74.03 per share, with a total value of $85,060.47.
• On Monday, July 20th, Angeliki Frangou bought 1,167 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $72.95 per share, with a total value of $85,132.65.
• On Monday, July 27th, Angeliki Frangou purchased 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 purchased 1,084 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $79.02 per share, for a total transaction of $85,657.68.

Navios Maritime Partners Stock Performance

NYSE NMM opened at $78.12 on Thursday. The firm’s 50 day simple moving average is $73.76 and its 200 day simple moving average is $69.35. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 6.58 and a beta of 1.02. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.57. Navios Maritime Partners LP has a 1 year low of $42.77 and a 1 year high of $82.84.

Navios Maritime Partners (NYSE:NMM) last announced its quarterly earnings data on Thursday, May 21st. The shipping company reported $3.35 EPS for the quarter, beating 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 business had revenue of $357.01 million during the quarter, compared to the consensus estimate of $317.80 million. During the same period in the previous year, the business earned $1.58 earnings per share. The company’s revenue was up 17.4% on a year-over-year basis.

Navios Maritime Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders 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 dividend payout ratio (DPR) is presently 2.02%.

Institutional Investors Weigh In On Navios Maritime Partners

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in Navios Maritime Partners by 50.9% during 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 during the last quarter. Valley Wealth Managers Inc. bought a new position in shares of Navios Maritime Partners during the first quarter valued at $63,000. State of Wyoming acquired a new position in shares of Navios Maritime Partners during the fourth 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 bought a new stake in shares of Navios Maritime Partners in the fourth quarter worth $208,000. 62.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on NMM shares. Jefferies Financial Group began coverage on Navios Maritime Partners in a research report on Friday, April 24th. They set a “buy” rating and a $85.00 price objective for the company. Weiss Ratings cut Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $85.00.

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.