Angeliki Frangou Buys 1,054 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou purchased 1,054 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were purchased at an average price of $78.94 per share, for a total transaction of $83,202.76. Following the acquisition, the insider owned 4,787,732 shares of the company’s stock, valued at approximately $377,943,564.08. 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 Thursday, August 6th, Angeliki Frangou bought 1,063 shares of Navios Maritime Partners stock. The shares were bought at an average price of $79.53 per share, for a total transaction of $84,540.39.
• On Wednesday, August 5th, Angeliki Frangou bought 1,064 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $78.41 per share, with a total value of $83,428.24.
• On Tuesday, August 4th, Angeliki Frangou purchased 1,041 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $78.94 per share, for a total transaction of $82,176.54.
• On Monday, August 3rd, Angeliki Frangou bought 653 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $79.91 per share, for a total transaction of $52,181.23.
• On Friday, July 31st, Angeliki Frangou bought 830 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $80.00 per share, for a total transaction of $66,400.00.
• 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 shares were acquired at an average cost of $78.55 per share, with a total value of $82,556.05.
• On Tuesday, July 28th, Angeliki Frangou acquired 1,072 shares of Navios Maritime Partners stock. The stock was acquired at an average price 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 acquired 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 shares were acquired at an average price of $74.03 per share, with a total value of $85,060.47.

Navios Maritime Partners Stock Performance

Shares of Navios Maritime Partners stock traded up $0.06 on Friday, hitting $79.09. 56,289 shares of the company’s stock were exchanged, compared to its average volume of 114,175. Navios Maritime Partners LP has a 1 year low of $42.77 and a 1 year high of $82.84. The company has a 50-day simple moving average of $74.14 and a 200-day simple moving average of $69.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market capitalization of $2.27 billion, a PE ratio of 6.66 and a beta of 1.02.

Navios Maritime Partners (NYSE:NMM) last released its earnings results on Thursday, May 21st. The shipping company reported $3.35 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $317.80 million. During the same quarter last 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 company also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, August 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Navios Maritime Partners’s payout ratio is 2.02%.

Institutional Trading of Navios Maritime Partners

Several hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in shares of 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 purchasing an additional 202 shares during the last quarter. Raymond James Financial Inc. boosted its stake in Navios Maritime Partners by 5.6% during the third quarter. Raymond James Financial Inc. now owns 7,192 shares of the shipping company’s stock valued at $324,000 after buying an additional 380 shares during the last quarter. Valley Wealth Managers Inc. bought a new position in Navios Maritime Partners during the first quarter valued at approximately $63,000. BNP Paribas Financial Markets grew its holdings in Navios Maritime Partners by 25.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,706 shares of the shipping company’s stock valued at $290,000 after buying an additional 1,559 shares in the last quarter. Finally, State of Wyoming grew 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 buying an additional 2,029 shares in the last quarter. Hedge funds and other institutional investors own 62.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on NMM shares. Jefferies Financial Group assumed coverage on Navios Maritime Partners in a report on Friday, April 24th. They set a “buy” rating and a $85.00 price target on the stock. 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 investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.