Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Buys 1,086 Shares

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,086 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was acquired at an average cost of $74.77 per share, for a total transaction of $81,200.22. Following the transaction, the insider owned 4,715,921 shares of the company’s stock, valued at approximately $352,609,413.17. The trade was a 0.02% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, May 7th, Angeliki Frangou bought 1,135 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $72.49 per share, with a total value of $82,276.15.
• On Tuesday, May 5th, Angeliki Frangou bought 1,171 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $74.55 per share, with a total value of $87,298.05.
• On Monday, May 4th, Angeliki Frangou bought 1,169 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $71.74 per share, for a total transaction of $83,864.06.
• On Friday, May 1st, Angeliki Frangou purchased 1,155 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $71.08 per share, for a total transaction of $82,097.40.
• On Thursday, April 30th, Angeliki Frangou purchased 1,176 shares of Navios Maritime Partners stock. The shares were bought at an average price of $72.03 per share, with a total value of $84,707.28.
• On Wednesday, April 29th, Angeliki Frangou acquired 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 stock was bought at an average cost of $72.08 per share, for a total transaction of $82,531.60.
• On Monday, April 27th, Angeliki Frangou bought 1,185 shares of Navios Maritime Partners stock. The stock was bought at an average price 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 bought at an average cost of $70.39 per share, with a total value of $84,186.44.
• On Thursday, April 23rd, Angeliki Frangou purchased 1,187 shares of Navios Maritime Partners stock. The shares were bought at an average price of $70.22 per share, with a total value of $83,351.14.

Navios Maritime Partners Trading Down 2.0%

NYSE:NMM opened at $71.88 on Friday. The stock has a market capitalization of $2.06 billion, a PE ratio of 7.48 and a beta of 1.06. The firm’s 50 day moving average is $68.61 and its 200 day moving average is $59.42. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Navios Maritime Partners LP has a 12 month low of $35.93 and a 12 month high of $77.90.

Navios Maritime Partners (NYSE:NMM) last posted its quarterly earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share for the quarter, topping the consensus estimate 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 in the prior year, the company earned $2.61 EPS. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year.

Navios Maritime Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, May 11th will be given 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 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, May 11th. Navios Maritime Partners’s dividend payout ratio (DPR) is 2.08%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. ION Fund Management Ltd purchased a new position in Navios Maritime Partners during the 4th quarter valued at about $24,432,000. Marnell Management LLC purchased a new stake in shares of Navios Maritime Partners in the fourth quarter worth about $5,027,000. ING Groep NV boosted its position in shares of Navios Maritime Partners by 123.6% in the third quarter. ING Groep NV now owns 96,600 shares of the shipping company’s stock valued at $4,352,000 after acquiring an additional 53,400 shares during the period. JPMorgan Chase & Co. grew its stake in Navios Maritime Partners by 150.9% during the fourth quarter. JPMorgan Chase & Co. now owns 87,535 shares of the shipping company’s stock valued at $4,589,000 after acquiring an additional 52,651 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Navios Maritime Partners during the fourth quarter valued at approximately $1,507,000. Institutional investors own 62.74% of the company’s stock.

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.