Angeliki Frangou Purchases 830 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 830 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average cost of $80.00 per share, with a total value of $66,400.00. Following the completion of the transaction, the insider directly owned 4,782,857 shares in the company, valued at approximately $382,628,560. The trade was a 0.02% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, August 4th, Angeliki Frangou bought 1,041 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $78.94 per share, with a total value of $82,176.54.
• On Monday, August 3rd, Angeliki Frangou purchased 653 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $79.91 per share, for a total transaction of $52,181.23.
• On Thursday, July 30th, Angeliki Frangou acquired 1,068 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $78.37 per share, with a total value of $83,699.16.
• On Wednesday, July 29th, Angeliki Frangou bought 1,051 shares of Navios Maritime Partners stock. The stock was bought at an average price of $78.55 per share, with a total value of $82,556.05.
• On Tuesday, July 28th, Angeliki Frangou bought 1,072 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $78.59 per share, for a total transaction of $84,248.48.
• On Wednesday, July 22nd, Angeliki Frangou purchased 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 purchased 1,149 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $74.03 per share, with a total value of $85,060.47.
• On Monday, July 20th, Angeliki Frangou acquired 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 acquired 1,053 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $77.64 per share, for a total transaction of $81,754.92.
• On Friday, July 24th, Angeliki Frangou bought 1,084 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $79.02 per share, for a total transaction of $85,657.68.

Navios Maritime Partners Stock Performance

Shares of Navios Maritime Partners stock opened at $78.12 on Thursday. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 6.58 and a beta of 1.02. 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 has a 50-day moving average of $73.76 and a 200 day moving average of $69.35. Navios Maritime Partners LP has a 12 month low of $42.77 and a 12 month high of $82.84.

Navios Maritime Partners (NYSE:NMM) last issued its quarterly earnings results on Thursday, May 21st. The shipping company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.58. Navios Maritime Partners had a net margin of 25.05% and a return on equity of 10.48%. The business had revenue of $357.01 million for the quarter, compared to analysts’ expectations of $317.80 million. During the same quarter in the prior year, the company earned $1.58 earnings per share. The business’s quarterly 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 will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, August 10th. Navios Maritime Partners’s dividend payout ratio (DPR) is currently 2.02%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Navios Maritime Partners by 64.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 17,844 shares of the shipping company’s stock valued at $672,000 after purchasing an additional 7,006 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Navios Maritime Partners in the 2nd quarter valued at $580,000. Cerity Partners LLC purchased a new stake in shares of Navios Maritime Partners during the 2nd quarter worth $212,000. BNP Paribas Financial Markets lifted its position in shares of Navios Maritime Partners by 25.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,706 shares of the shipping company’s stock worth $290,000 after purchasing an additional 1,559 shares during the last quarter. Finally, Ion Asset Management Ltd. lifted its position in shares of Navios Maritime Partners by 2.2% during the 2nd quarter. Ion Asset Management Ltd. now owns 817,963 shares of the shipping company’s stock worth $30,821,000 after purchasing an additional 17,285 shares during the last quarter. Institutional investors and hedge funds 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.