Insider Buying: Navios Maritime Partners (NYSE:NMM) Insider Acquires $83,044.50 in Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,050 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of $79.09 per share, with a total value of $83,044.50. Following the purchase, the insider directly owned 4,788,782 shares in the company, valued at $378,744,768.38. This represents a 0.02% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, August 12th, Angeliki Frangou bought 1,062 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $79.16 per share, for a total transaction of $84,067.92.
• On Tuesday, August 11th, Angeliki Frangou bought 1,057 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $78.40 per share, for a total transaction of $82,868.80.
• On Friday, August 7th, Angeliki Frangou purchased 1,054 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $78.94 per share, with a total value of $83,202.76.
• On Thursday, August 6th, Angeliki Frangou purchased 1,063 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $79.53 per share, with a total value of $84,540.39.
• On Wednesday, August 5th, Angeliki Frangou acquired 1,064 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $78.41 per share, for a total transaction of $83,428.24.
• On Tuesday, August 4th, Angeliki Frangou acquired 1,041 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $78.94 per share, for a total transaction of $82,176.54.
• On Monday, August 3rd, Angeliki Frangou acquired 653 shares of Navios Maritime Partners stock. The stock was bought at an average price 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 shares were bought at an average price of $80.00 per share, with a total value of $66,400.00.
• On Thursday, July 30th, Angeliki Frangou bought 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 price of $78.55 per share, for a total transaction of $82,556.05.

Navios Maritime Partners Price Performance

Shares of Navios Maritime Partners stock opened at $81.82 on Friday. 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 business’s 50 day simple moving average is $74.96 and its two-hundred day simple moving average is $70.40. The stock has a market capitalization of $2.35 billion, a P/E ratio of 6.89 and a beta of 1.02. Navios Maritime Partners LP has a one year low of $42.77 and a one 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 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.58. The firm had revenue of $357.01 million during the quarter, compared to the consensus estimate of $317.80 million. Navios Maritime Partners had a return on equity of 10.48% and a net margin of 25.05%.The business’s revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.58 earnings per share.

Navios Maritime Partners Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on NMM shares. Weiss Ratings lowered shares of Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Jefferies Financial Group started coverage on shares of Navios Maritime Partners in a research note on Friday, April 24th. They set a “buy” rating and a $85.00 price objective for the company. One equities 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.com, Navios Maritime Partners presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Institutional Investors Weigh In On Navios Maritime Partners

A number of large investors have recently made changes to their positions in the business. ION Fund Management Ltd purchased a new position in shares of Navios Maritime Partners during the fourth quarter valued at approximately $24,432,000. Walleye Capital LLC lifted its stake in Navios Maritime Partners by 45,274.3% in the first quarter. Walleye Capital LLC now owns 149,527 shares of the shipping company’s stock worth $10,090,000 after acquiring an additional 149,858 shares during the period. Marnell Management LLC purchased a new stake in Navios Maritime Partners in the fourth quarter worth $5,027,000. Bank of America Corp DE boosted its holdings in Navios Maritime Partners by 57.6% in the first quarter. Bank of America Corp DE now owns 199,141 shares of the shipping company’s stock valued at $13,438,000 after acquiring an additional 72,754 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Navios Maritime Partners by 150.9% in the fourth quarter. JPMorgan Chase & Co. now owns 87,535 shares of the shipping company’s stock valued at $4,589,000 after acquiring an additional 52,651 shares in the last quarter. 62.74% of the stock is currently 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.