Angeliki Frangou Purchases 1,064 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou purchased 1,064 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was bought at an average price of $78.41 per share, for a total transaction of $83,428.24. Following the transaction, the insider directly owned 4,785,615 shares in the company, valued at $375,240,072.15. This trade represents a 0.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, August 7th, Angeliki Frangou acquired 1,054 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $78.94 per share, with a total value of $83,202.76.
• On Thursday, August 6th, Angeliki Frangou acquired 1,063 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $79.53 per share, with a total value of $84,540.39.
• On Tuesday, August 4th, Angeliki Frangou bought 1,041 shares of Navios Maritime Partners stock. The stock was bought at an average price 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 bought 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 bought 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 bought 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 bought at an average cost of $78.55 per share, with a total value of $82,556.05.
• On Tuesday, July 28th, Angeliki Frangou purchased 1,072 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $78.59 per share, with a total value 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 price 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 stock was purchased at an average cost of $74.03 per share, for a total transaction of $85,060.47.

Navios Maritime Partners Stock Up 0.1%

Shares of Navios Maritime Partners stock opened at $79.09 on Friday. The company has a market cap of $2.27 billion, a P/E ratio of 6.66 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.45 and a current ratio of 1.45. Navios Maritime Partners LP has a one year low of $42.77 and a one year high of $82.84. The firm has a fifty day moving average of $74.14 and a two-hundred day moving average of $69.58.

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 the consensus estimate of $2.77 by $0.58. The company had revenue of $357.01 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the business earned $1.58 EPS.

Navios Maritime Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, August 10th. Navios Maritime Partners’s dividend payout ratio is currently 2.02%.

Hedge Funds Weigh In On Navios Maritime Partners

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings 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 purchasing an additional 202 shares in the last quarter. Valley Wealth Managers Inc. purchased a new stake in Navios Maritime Partners during the first quarter worth about $63,000. State of Wyoming purchased a new stake in Navios Maritime Partners during the fourth quarter worth about $137,000. Corient Private Wealth LLC acquired a new position in Navios Maritime Partners during the fourth quarter worth about $207,000. Finally, Mariner LLC acquired a new position in Navios Maritime Partners during the fourth quarter worth about $208,000. 62.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on NMM. Weiss Ratings lowered Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Jefferies Financial Group initiated coverage on Navios Maritime Partners in a research note on Friday, April 24th. They set a “buy” rating and a $85.00 target price for the company. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Navios Maritime Partners has a consensus rating of “Moderate Buy” and a consensus 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.