Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Purchases 1,057 Shares

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou purchased 1,057 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average cost of $78.40 per share, for a total transaction of $82,868.80. Following the purchase, the insider directly owned 4,789,839 shares of the company’s stock, valued at $375,523,377.60. This trade represents a 0.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, August 12th, Angeliki Frangou acquired 1,062 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $79.16 per share, for a total transaction of $84,067.92.
• On Monday, August 10th, Angeliki Frangou purchased 1,050 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $79.09 per share, for a total transaction of $83,044.50.
• On Friday, August 7th, Angeliki Frangou bought 1,054 shares of Navios Maritime Partners stock. The shares were bought at an average price of $78.94 per share, for a total transaction of $83,202.76.
• On Thursday, August 6th, Angeliki Frangou acquired 1,063 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $79.53 per share, with a total value of $84,540.39.
• On Wednesday, August 5th, Angeliki Frangou purchased 1,064 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $78.41 per share, for a total transaction of $83,428.24.
• On Tuesday, August 4th, Angeliki Frangou purchased 1,041 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $78.94 per share, with a total value of $82,176.54.
• On Monday, August 3rd, Angeliki Frangou acquired 653 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $79.91 per share, with a total value of $52,181.23.
• On Friday, July 31st, Angeliki Frangou acquired 830 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $80.00 per share, for a total transaction of $66,400.00.
• On Thursday, July 30th, Angeliki Frangou bought 1,068 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $78.37 per share, for a total transaction of $83,699.16.
• On Wednesday, July 29th, Angeliki Frangou purchased 1,051 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $78.55 per share, with a total value of $82,556.05.

Navios Maritime Partners Trading Up 1.7%

NYSE:NMM opened at $79.78 on Thursday. 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 $74.56 and its 200-day simple moving average is $70.15. Navios Maritime Partners LP has a fifty-two week low of $42.77 and a fifty-two week high of $82.84. The stock has a market capitalization of $2.29 billion, a PE ratio of 6.72 and a beta of 1.02.

Navios Maritime Partners (NYSE:NMM) last announced its earnings results on Thursday, May 21st. The shipping company reported $3.35 EPS for the quarter, topping the consensus estimate of $2.77 by $0.58. The firm had revenue of $357.01 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 17.4% on a year-over-year basis. During the same period last year, the company posted $1.58 EPS.

Navios Maritime Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Navios Maritime Partners’s dividend payout ratio is presently 2.02%.

Wall Street Analyst Weigh In

Several research firms have issued reports on NMM. Weiss Ratings downgraded Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. Jefferies Financial Group assumed coverage on 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 analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

Institutional Investors Weigh In On Navios Maritime Partners

A number of institutional investors and hedge funds have recently made changes to their positions in NMM. Ion Asset Management Ltd. boosted its holdings in shares of Navios Maritime Partners by 2.2% in the 2nd 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 last quarter. ION Fund Management Ltd bought a new position in shares of Navios Maritime Partners in the fourth quarter valued at $24,432,000. Bank of America Corp DE increased its holdings in Navios Maritime Partners by 57.6% during the first quarter. Bank of America Corp DE now owns 199,141 shares of the shipping company’s stock worth $13,438,000 after buying an additional 72,754 shares during the last quarter. Walleye Capital LLC raised its position in Navios Maritime Partners by 45,274.3% during 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 in the last quarter. Finally, ING Groep NV raised its position in Navios Maritime Partners by 51.7% during the fourth quarter. ING Groep NV now owns 146,500 shares of the shipping company’s stock worth $7,681,000 after acquiring an additional 49,900 shares in the last quarter. 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.