Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Purchases 1,062 Shares

Navios Maritime Partners LP (NYSE:NMMGet Free Report) insider Angeliki Frangou acquired 1,062 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were bought at an average cost of $79.16 per share, for a total transaction of $84,067.92. Following the completion of the transaction, the insider directly owned 4,790,901 shares of the company’s stock, valued at $379,247,723.16. This represents a 0.02% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Tuesday, August 11th, Angeliki Frangou bought 1,057 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $78.40 per share, with a total value of $82,868.80.
  • On Monday, August 10th, Angeliki Frangou purchased 1,050 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $79.09 per share, for a total transaction of $83,044.50.
  • On Friday, August 7th, Angeliki Frangou acquired 1,054 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $78.94 per share, with a total value of $83,202.76.
  • On Thursday, August 6th, Angeliki Frangou bought 1,063 shares of Navios Maritime Partners stock. The stock was purchased 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 purchased at an average cost of $78.41 per share, for a total transaction 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, with a total value of $82,176.54.
  • On Monday, August 3rd, Angeliki Frangou purchased 653 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $79.91 per share, with a total value of $52,181.23.
  • On Friday, July 31st, Angeliki Frangou purchased 830 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $80.00 per share, with a total value of $66,400.00.
  • On Thursday, July 30th, Angeliki Frangou purchased 1,068 shares of Navios Maritime Partners stock. The stock was 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 stock was purchased at an average price of $78.55 per share, for a total transaction of $82,556.05.

Navios Maritime Partners Stock Up 1.7%

NMM traded up $1.37 during midday trading on Wednesday, hitting $79.78. 57,119 shares of the company’s stock traded hands, compared to its average volume of 109,627. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market cap of $2.29 billion, a PE ratio of 6.72 and a beta of 1.02. The stock’s fifty day simple moving average is $74.56 and its 200-day simple moving average is $70.15. Navios Maritime Partners LP has a one year low of $42.77 and a one year high of $82.84.

Navios Maritime Partners (NYSE:NMMGet Free Report) last posted 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. 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 during the quarter, compared to the consensus estimate of $317.80 million. During the same period in the previous year, the firm posted $1.58 earnings per share. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year.

Navios Maritime Partners Announces Dividend

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

Hedge Funds Weigh In On Navios Maritime Partners

Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its position in shares of 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 purchasing an additional 202 shares during the last quarter. Valley Wealth Managers Inc. acquired a new stake in Navios Maritime Partners in the 1st quarter valued at approximately $63,000. State of Wyoming bought a new position in Navios Maritime Partners in the 4th quarter worth approximately $137,000. Corient Private Wealth LLC bought a new position in Navios Maritime Partners in the 4th quarter worth approximately $207,000. Finally, Mariner LLC acquired a new position in shares of Navios Maritime Partners during the fourth quarter worth approximately $208,000. 62.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NMM has been the topic of several recent research reports. Jefferies Financial Group began coverage on Navios Maritime Partners in a report on Friday, April 24th. They set a “buy” rating and a $85.00 target price on the stock. Weiss Ratings lowered Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

View Our Latest Research Report on NMM

Navios Maritime Partners Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Navios Maritime Partners (NYSE:NMM)

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