Navios Maritime Partners LP (NYSE:NMM – Get Free Report) insider Angeliki Frangou purchased 1,208 shares of Navios Maritime Partners stock in a transaction on Wednesday, April 8th. The stock was purchased at an average price of $71.40 per share, for a total transaction of $86,251.20. Following the completion of the transaction, the insider owned 4,692,358 shares of the company’s stock, valued at approximately $335,034,361.20. This represents a 0.03% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Angeliki Frangou also recently made the following trade(s):
- On Tuesday, April 7th, Angeliki Frangou purchased 1,173 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $70.09 per share, for a total transaction of $82,215.57.
- On Monday, April 6th, Angeliki Frangou purchased 1,200 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $70.47 per share, for a total transaction of $84,564.00.
- On Thursday, April 2nd, Angeliki Frangou purchased 1,229 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $69.46 per share, for a total transaction of $85,366.34.
- On Wednesday, April 1st, Angeliki Frangou purchased 1,234 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $68.21 per share, for a total transaction of $84,171.14.
- On Monday, March 23rd, Angeliki Frangou purchased 1,289 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $64.87 per share, for a total transaction of $83,617.43.
- On Friday, March 20th, Angeliki Frangou purchased 1,247 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $66.71 per share, for a total transaction of $83,187.37.
- On Thursday, March 19th, Angeliki Frangou purchased 1,235 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $67.00 per share, for a total transaction of $82,745.00.
Navios Maritime Partners Price Performance
Shares of NMM stock traded up $3.15 during trading hours on Wednesday, reaching $72.12. 220,881 shares of the company were exchanged, compared to its average volume of 213,882. Navios Maritime Partners LP has a fifty-two week low of $28.37 and a fifty-two week high of $74.21. The stock’s fifty day moving average is $65.46 and its two-hundred day moving average is $55.96. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 7.50 and a beta of 1.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.12 and a quick ratio of 1.13.
Navios Maritime Partners Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, February 9th. Navios Maritime Partners’s dividend payout ratio is presently 2.08%.
Hedge Funds Weigh In On Navios Maritime Partners
Several large investors have recently bought and sold shares of NMM. JPMorgan Chase & Co. lifted its holdings in Navios Maritime Partners by 64.6% in the second quarter. JPMorgan Chase & Co. now owns 17,844 shares of the shipping company’s stock valued at $672,000 after buying an additional 7,006 shares during the period. Jump Financial LLC acquired a new position in Navios Maritime Partners in the second quarter valued at approximately $580,000. Cerity Partners LLC acquired a new position in Navios Maritime Partners in the second quarter valued at approximately $212,000. BNP Paribas Financial Markets lifted its holdings in Navios Maritime Partners by 25.4% in the second 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 during the period. Finally, Ion Asset Management Ltd. lifted its holdings in Navios Maritime Partners by 2.2% in the second quarter. Ion Asset Management Ltd. now owns 817,963 shares of the shipping company’s stock valued at $30,821,000 after buying an additional 17,285 shares during the period. 62.74% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
NMM has been the topic of a number of research reports. Weiss Ratings upgraded shares of Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, March 17th. Wall Street Zen upgraded shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.
Check Out Our Latest Analysis on Navios Maritime Partners
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.
Further Reading
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