Angeliki Frangou Acquires 1,050 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,050 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were bought at an average price of $79.09 per share, for a total transaction of $83,044.50. Following the purchase, the insider owned 4,788,782 shares in the company, valued at approximately $378,744,768.38. This represents a 0.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, August 12th, Angeliki Frangou bought 1,062 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $79.16 per share, with a total value of $84,067.92.
• On Tuesday, August 11th, Angeliki Frangou bought 1,057 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $78.40 per share, for a total transaction of $82,868.80.
• On Friday, August 7th, Angeliki Frangou purchased 1,054 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $78.94 per share, for a total transaction of $83,202.76.
• On Thursday, August 6th, Angeliki Frangou purchased 1,063 shares of Navios Maritime Partners stock. The stock was 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 stock was purchased at an average price of $78.41 per share, with a total value of $83,428.24.
• On Tuesday, August 4th, Angeliki Frangou acquired 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 shares were purchased at an average price of $79.91 per share, for a total transaction of $52,181.23.
• On Friday, July 31st, Angeliki Frangou bought 830 shares of Navios Maritime Partners stock. The stock was purchased 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 stock was purchased at an average price of $78.37 per share, with a total value of $83,699.16.
• On Wednesday, July 29th, Angeliki Frangou purchased 1,051 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $78.55 per share, with a total value of $82,556.05.

Navios Maritime Partners Trading Up 1.9%

Navios Maritime Partners stock opened at $81.16 on Friday. The stock has a 50-day simple moving average of $74.75 and a 200 day simple moving average of $70.32. The stock has a market capitalization of $2.33 billion, a P/E ratio of 6.84 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.45 and a current ratio of 1.45. Navios Maritime Partners LP has a 52 week low of $42.77 and a 52 week high of $82.84.

Navios Maritime Partners (NYSE:NMM) last released 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. Navios Maritime Partners had a return on equity of 10.48% and a net margin of 25.05%.The company had revenue of $357.01 million during the quarter, compared to analysts’ expectations of $317.80 million. During the same period last year, the firm posted $1.58 earnings per share. The business’s revenue was up 17.4% on a year-over-year basis.

Navios Maritime Partners Announces Dividend

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

Hedge Funds Weigh In On Navios Maritime Partners

Large investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings 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 worth $32,000 after purchasing an additional 202 shares during the last quarter. Valley Wealth Managers Inc. acquired a new position in Navios Maritime Partners in the 1st quarter valued at $63,000. State of Wyoming bought a new position in Navios Maritime Partners during the 4th quarter worth $137,000. Corient Private Wealth LLC bought a new position in Navios Maritime Partners during the 4th quarter worth $207,000. Finally, Mariner LLC acquired a new stake in shares of Navios Maritime Partners during the fourth quarter worth $208,000. Institutional investors own 62.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Jefferies Financial Group started coverage on shares of Navios Maritime Partners in a report on Friday, April 24th. They issued a “buy” rating and a $85.00 price objective on the stock. Weiss Ratings cut shares of Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Navios Maritime Partners has a consensus 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.