Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Buys 1,100 Shares of Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,100 shares of the company’s stock in a transaction dated Monday, July 13th. The shares were bought at an average price of $75.41 per share, for a total transaction of $82,951.00. Following the acquisition, the insider owned 4,767,678 shares in the company, valued at approximately $359,530,597.98. This trade represents a 0.02% increase in their position. The transaction 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 Tuesday, July 14th, Angeliki Frangou bought 1,105 shares of Navios Maritime Partners stock. The stock was bought at an average price of $75.58 per share, with a total value of $83,515.90.
• On Friday, July 10th, Angeliki Frangou bought 1,129 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $75.36 per share, for a total transaction of $85,081.44.
• On Thursday, July 9th, Angeliki Frangou purchased 1,099 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $73.74 per share, for a total transaction of $81,040.26.
• On Wednesday, July 8th, Angeliki Frangou purchased 1,108 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $76.14 per share, with a total value of $84,363.12.
• On Tuesday, July 7th, Angeliki Frangou purchased 1,113 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $75.12 per share, with a total value of $83,608.56.
• On Monday, July 6th, Angeliki Frangou acquired 1,149 shares of Navios Maritime Partners stock. The stock was purchased at an average price 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 shares were purchased at an average cost of $73.05 per share, for a total transaction of $85,687.65.
• On Wednesday, July 1st, Angeliki Frangou acquired 1,189 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $71.59 per share, for a total transaction of $85,120.51.
• 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 bought 1,199 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $69.50 per share, with a total value of $83,330.50.

Navios Maritime Partners Stock Down 0.5%

Shares of NMM stock opened at $75.02 on Wednesday. The stock has a market cap of $2.15 billion, a P/E ratio of 6.32 and a beta of 1.00. Navios Maritime Partners LP has a one year low of $38.77 and a one year high of $80.69. The stock has a fifty day moving average price of $72.58 and a 200 day moving average price of $66.75. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.45 and a quick ratio of 1.45.

Navios Maritime Partners (NYSE:NMM) last posted its quarterly earnings results on Thursday, May 21st. The shipping company reported $3.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.58. The firm had revenue of $357.01 million for the quarter, compared to the consensus estimate of $317.80 million. Navios Maritime Partners had a net margin of 25.05% and a return on equity of 10.48%. The business’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.58 earnings per share.

Navios Maritime Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were given a dividend of $0.06 per share. This is an increase from Navios Maritime Partners’s previous quarterly dividend of $0.05. The ex-dividend date was Monday, May 11th. 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%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NMM. Jefferies Financial Group began 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 target for the company. Wall Street Zen raised Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. Finally, Weiss Ratings lowered 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $85.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NMM. Empowered Funds LLC boosted its stake in shares of Navios Maritime Partners by 74.1% in the 1st quarter. Empowered Funds LLC now owns 10,911 shares of the shipping company’s stock valued at $736,000 after purchasing an additional 4,644 shares in the last quarter. Bank of America Corp DE increased its position 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 worth $13,438,000 after purchasing an additional 72,754 shares in the last quarter. Sei Investments Co. acquired a new stake in shares of Navios Maritime Partners during the 1st quarter worth about $1,889,000. Walleye Capital LLC lifted its holdings in Navios Maritime Partners by 45,274.3% during the 1st quarter. Walleye Capital LLC now owns 149,527 shares of the shipping company’s stock valued at $10,090,000 after purchasing an additional 149,858 shares during the last quarter. Finally, State of Wyoming lifted its holdings in Navios Maritime Partners by 77.8% during the 1st quarter. State of Wyoming now owns 4,637 shares of the shipping company’s stock valued at $313,000 after purchasing an additional 2,029 shares during the last quarter. 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.