Angeliki Frangou Buys 1,051 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou bought 1,051 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were purchased at an average price of $78.55 per share, for a total transaction of $82,556.05. Following the purchase, the insider owned 4,780,959 shares in the company, valued at $375,544,329.45. This trade represents a 0.02% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, July 30th, Angeliki Frangou acquired 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 Tuesday, July 28th, Angeliki Frangou acquired 1,072 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $78.59 per share, with a total value of $84,248.48.
• On Wednesday, July 22nd, Angeliki Frangou acquired 1,121 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $74.07 per share, for a total transaction of $83,032.47.
• On Tuesday, July 21st, Angeliki Frangou bought 1,149 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $74.03 per share, for a total transaction of $85,060.47.
• On Monday, July 20th, Angeliki Frangou bought 1,167 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $72.95 per share, with a total value of $85,132.65.
• On Monday, July 27th, Angeliki Frangou purchased 1,053 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $77.64 per share, for a total transaction of $81,754.92.
• On Friday, July 24th, Angeliki Frangou acquired 1,084 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $79.02 per share, for a total transaction of $85,657.68.
• On Thursday, July 23rd, Angeliki Frangou acquired 1,131 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $74.81 per share, with a total value of $84,610.11.
• On Tuesday, July 14th, Angeliki Frangou bought 1,105 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $75.58 per share, with a total value of $83,515.90.
• On Monday, July 13th, Angeliki Frangou bought 1,100 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $75.41 per share, for a total transaction of $82,951.00.

Navios Maritime Partners Price Performance

NYSE NMM traded up $1.21 during trading hours on Thursday, reaching $79.22. The company’s stock had a trading volume of 83,673 shares, compared to its average volume of 106,497. The firm’s 50-day moving average price is $73.26 and its 200-day moving average price is $68.69. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.57. Navios Maritime Partners LP has a 1 year low of $40.80 and a 1 year high of $80.97. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 6.67 and a beta of 1.00.

Navios Maritime Partners (NYSE:NMM) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $317.80 million. Navios Maritime Partners had a net margin of 25.05% and a return on equity of 10.48%. The company’s revenue was up 17.4% on a year-over-year basis. During the same period last year, the firm posted $1.58 EPS.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Weiss Ratings downgraded 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 initiated coverage on shares of Navios Maritime Partners in a report on Friday, April 24th. They set a “buy” rating and a $85.00 price objective for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.00.

Institutional Investors Weigh In On Navios Maritime Partners

A number of hedge funds have recently bought and sold shares of NMM. JPMorgan Chase & Co. grew its stake in shares of Navios Maritime Partners by 95.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 34,884 shares of the shipping company’s stock worth $1,572,000 after buying an additional 17,040 shares in the last quarter. Marnell Management LLC purchased a new stake in shares of Navios Maritime Partners during the 4th quarter valued at about $5,027,000. ING Groep NV raised its position in shares of Navios Maritime Partners by 51.7% during the 4th quarter. ING Groep NV now owns 146,500 shares of the shipping company’s stock valued at $7,681,000 after buying an additional 49,900 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Navios Maritime Partners in the 1st quarter valued at about $622,000. Finally, Mariner LLC bought a new position in shares of Navios Maritime Partners in the 4th quarter valued at about $208,000. Hedge funds and other institutional investors own 62.74% of the company’s stock.

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.