Navios Maritime Partners (NYSE:NMM) Insider Buys 1,053 Shares

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou purchased 1,053 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was bought at an average cost of $77.64 per share, for a total transaction of $81,754.92. Following the acquisition, the insider directly owned 4,778,836 shares in the company, valued at $371,028,827.04. This trade represents a 0.02% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, July 24th, Angeliki Frangou bought 1,084 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $79.02 per share, with a total value of $85,657.68.
• On Thursday, July 23rd, Angeliki Frangou purchased 1,131 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $74.81 per share, for a total transaction of $84,610.11.
• On Tuesday, July 14th, Angeliki Frangou purchased 1,105 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $75.58 per share, with a total value of $83,515.90.
• On Monday, July 13th, Angeliki Frangou purchased 1,100 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $75.41 per share, with a total value of $82,951.00.
• On Friday, July 10th, Angeliki Frangou acquired 1,129 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $75.36 per share, with a total value of $85,081.44.
• On Thursday, July 9th, Angeliki Frangou acquired 1,099 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $73.74 per share, for a total transaction of $81,040.26.
• On Wednesday, July 8th, Angeliki Frangou acquired 1,108 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $76.14 per share, for a total transaction of $84,363.12.
• On Tuesday, July 7th, Angeliki Frangou bought 1,113 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $75.12 per share, with a total value of $83,608.56.
• On Monday, July 6th, Angeliki Frangou bought 1,149 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $74.48 per share, with a total value of $85,577.52.
• On Thursday, July 2nd, Angeliki Frangou purchased 1,173 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $73.05 per share, for a total transaction of $85,687.65.

Navios Maritime Partners Stock Performance

Shares of NMM stock traded up $1.29 during trading on Tuesday, reaching $79.00. 29,968 shares of the company’s stock traded hands, compared to its average volume of 145,625. The company has a market capitalization of $2.26 billion, a P/E ratio of 6.66 and a beta of 1.00. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.57. The firm’s 50-day moving average is $73.03 and its 200 day moving average is $68.21. Navios Maritime Partners LP has a 1 year low of $40.80 and a 1 year high of $80.97.

Navios Maritime Partners (NYSE:NMM) last issued its earnings results on Thursday, May 21st. The shipping company reported $3.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.58. The business had revenue of $357.01 million for 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 for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.58 EPS.

Hedge Funds Weigh In On Navios Maritime Partners

A number of large investors have recently modified their holdings of NMM. Royal Bank of Canada raised its stake in shares of Navios Maritime Partners by 50.9% during the fourth quarter. Royal Bank of Canada now owns 599 shares of the shipping company’s stock worth $32,000 after acquiring an additional 202 shares in the last quarter. Valley Wealth Managers Inc. purchased a new stake in shares of Navios Maritime Partners during the first quarter worth about $63,000. State of Wyoming purchased a new stake in Navios Maritime Partners in the 4th quarter worth approximately $137,000. Corient Private Wealth LLC bought a new stake in Navios Maritime Partners in the fourth quarter valued at $207,000. Finally, Mariner LLC purchased a new position in shares of Navios Maritime Partners during the fourth quarter valued at about $208,000. 62.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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