Angeliki Frangou Acquires 1,172 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou bought 1,172 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was purchased at an average price of $70.93 per share, with a total value of $83,129.96. Following the transaction, the insider owned 4,723,944 shares in the company, valued at approximately $335,069,347.92. This represents a 0.02% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, May 14th, Angeliki Frangou bought 1,169 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $71.61 per share, with a total value of $83,712.09.
• On Wednesday, May 13th, Angeliki Frangou bought 1,134 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $72.69 per share, with a total value of $82,430.46.
• On Tuesday, May 12th, Angeliki Frangou bought 1,138 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $72.99 per share, with a total value of $83,062.62.
• On Monday, May 11th, Angeliki Frangou bought 1,111 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $73.85 per share, with a total value of $82,047.35.
• On Friday, May 8th, Angeliki Frangou bought 1,164 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $74.62 per share, with a total value of $86,857.68.
• On Thursday, May 7th, Angeliki Frangou bought 1,135 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $72.49 per share, with a total value of $82,276.15.
• On Wednesday, May 6th, Angeliki Frangou bought 1,086 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $74.77 per share, with a total value of $81,200.22.
• On Tuesday, May 5th, Angeliki Frangou bought 1,171 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $74.55 per share, with a total value of $87,298.05.
• On Monday, May 4th, Angeliki Frangou bought 1,169 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $71.74 per share, with a total value of $83,864.06.
• On Friday, May 1st, Angeliki Frangou purchased 1,155 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $71.08 per share, for a total transaction of $82,097.40.

Navios Maritime Partners Trading Up 0.4%

Shares of NYSE NMM opened at $71.37 on Friday. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 7.43 and a beta of 1.06. Navios Maritime Partners LP has a 12-month low of $36.62 and a 12-month high of $77.90. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock’s 50 day simple moving average is $68.82 and its 200 day simple moving average is $60.45.

Navios Maritime Partners (NYSE:NMM) last announced its quarterly earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.99. The business had revenue of $365.55 million for the quarter, compared to the consensus estimate of $316.00 million. Navios Maritime Partners had a return on equity of 9.17% and a net margin of 21.23%.The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $2.61 EPS.

Navios Maritime Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were issued a $0.06 dividend. This is a positive change from Navios Maritime Partners’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Navios Maritime Partners’s dividend payout ratio (DPR) is 2.50%.

Institutional Trading of Navios Maritime Partners

Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in Navios Maritime Partners by 50.9% during the 4th quarter. Royal Bank of Canada now owns 599 shares of the shipping company’s stock valued at $32,000 after acquiring an additional 202 shares in the last quarter. Raymond James Financial Inc. raised its stake in Navios Maritime Partners by 5.6% during the 3rd quarter. Raymond James Financial Inc. now owns 7,192 shares of the shipping company’s stock valued at $324,000 after acquiring an additional 380 shares in the last quarter. Moors & Cabot Inc. raised its stake in Navios Maritime Partners by 0.8% during the 3rd quarter. Moors & Cabot Inc. now owns 92,682 shares of the shipping company’s stock valued at $4,175,000 after acquiring an additional 750 shares in the last quarter. Valley Wealth Managers Inc. bought a new stake in Navios Maritime Partners during the 1st quarter valued at $63,000. Finally, BNP Paribas Financial Markets raised its stake 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 acquiring an additional 1,559 shares in the last quarter. Institutional investors own 62.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NMM. Weiss Ratings raised Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, March 17th. Jefferies Financial Group began coverage on Navios Maritime Partners in a report on Friday, April 24th. They issued a “buy” rating and a $85.00 price target on the stock. Finally, Wall Street Zen raised Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Navios Maritime Partners currently has an average rating of “Buy” and an average price target of $85.00.

Navios Maritime Partners Company Profile

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.