Angeliki Frangou Acquires 1,171 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMMGet Free Report) insider Angeliki Frangou bought 1,171 shares of Navios Maritime Partners stock in a transaction dated Tuesday, May 5th. The shares were acquired at an average price of $74.55 per share, with a total value of $87,298.05. Following the completion of the purchase, the insider directly owned 4,714,835 shares in the company, valued at $351,490,949.25. This trade represents a 0.02% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Thursday, May 7th, Angeliki Frangou purchased 1,135 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $72.49 per share, for a total transaction of $82,276.15.
  • On Wednesday, May 6th, Angeliki Frangou purchased 1,086 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $74.77 per share, with a total value of $81,200.22.
  • On Monday, May 4th, Angeliki Frangou acquired 1,169 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $71.74 per share, with a total value of $83,864.06.
  • On Friday, May 1st, Angeliki Frangou acquired 1,155 shares of Navios Maritime Partners stock. The stock was bought at an average price of $71.08 per share, for a total transaction of $82,097.40.
  • On Thursday, April 30th, Angeliki Frangou acquired 1,176 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $72.03 per share, for a total transaction of $84,707.28.
  • On Wednesday, April 29th, Angeliki Frangou bought 1,159 shares of Navios Maritime Partners stock. The shares were bought at an average price of $71.72 per share, with a total value of $83,123.48.
  • On Tuesday, April 28th, Angeliki Frangou acquired 1,145 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $72.08 per share, with a total value of $82,531.60.
  • On Monday, April 27th, Angeliki Frangou bought 1,185 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $71.44 per share, for a total transaction of $84,656.40.
  • On Friday, April 24th, Angeliki Frangou bought 1,196 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $70.39 per share, for a total transaction of $84,186.44.
  • On Thursday, April 23rd, Angeliki Frangou purchased 1,187 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $70.22 per share, with a total value of $83,351.14.

Navios Maritime Partners Stock Performance

Shares of NYSE NMM opened at $74.90 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.12 and a quick ratio of 1.13. The stock’s fifty day moving average price is $68.61 and its two-hundred day moving average price is $59.42. Navios Maritime Partners LP has a one year low of $36.61 and a one year high of $77.90. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 7.79 and a beta of 1.06.

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

Navios Maritime Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Monday, May 11th will be issued a dividend of $0.06 per share. This is a boost from Navios Maritime Partners’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, May 11th. Navios Maritime Partners’s payout ratio is 2.08%.

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on Navios Maritime Partners

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in shares of Navios Maritime Partners by 50.9% in the 4th quarter. Royal Bank of Canada now owns 599 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 202 shares in the last quarter. Valley Wealth Managers Inc. bought a new stake in shares of Navios Maritime Partners during the 1st quarter worth $63,000. State of Wyoming bought a new stake in shares of Navios Maritime Partners during the 4th quarter worth $137,000. Corient Private Wealth LLC bought a new position in Navios Maritime Partners in the fourth quarter valued at about $207,000. Finally, Mariner LLC bought a new position in Navios Maritime Partners in the fourth quarter valued at about $208,000. 62.74% of the stock is currently owned by institutional investors and hedge funds.

About Navios Maritime Partners

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Navios Maritime Partners (NYSE:NMM)

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