Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Buys 1,132 Shares of Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou bought 1,132 shares of the stock in a transaction on Wednesday, May 27th. The stock was purchased at an average cost of $72.61 per share, with a total value of $82,194.52. Following the purchase, the insider directly owned 4,731,853 shares of the company’s stock, valued at approximately $343,579,846.33. This represents a 0.02% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, May 29th, Angeliki Frangou bought 1,196 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $69.57 per share, with a total value of $83,205.72.
• On Thursday, May 28th, Angeliki Frangou bought 1,170 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $70.65 per share, with a total value of $82,660.50.
• On Tuesday, May 26th, Angeliki Frangou bought 1,118 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $73.63 per share, with a total value of $82,318.34.
• On Friday, May 22nd, Angeliki Frangou bought 1,116 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $74.30 per share, with a total value of $82,918.80.
• On Thursday, May 21st, Angeliki Frangou purchased 1,107 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $77.81 per share, with a total value of $86,135.67.
• On Wednesday, May 20th, Angeliki Frangou purchased 1,113 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $75.48 per share, with a total value of $84,009.24.
• On Tuesday, May 19th, Angeliki Frangou purchased 1,160 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $73.24 per share, with a total value of $84,958.40.
• On Monday, May 18th, Angeliki Frangou purchased 1,163 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $71.85 per share, with a total value of $83,561.55.
• On Friday, May 15th, Angeliki Frangou purchased 1,172 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $70.93 per share, with a total value of $83,129.96.
• On Thursday, May 14th, Angeliki Frangou purchased 1,169 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $71.61 per share, with a total value of $83,712.09.

Navios Maritime Partners Stock Down 0.6%

Shares of Navios Maritime Partners stock opened at $69.23 on Friday. Navios Maritime Partners LP has a 1 year low of $36.62 and a 1 year high of $80.69. The business has a 50-day moving average of $70.51 and a two-hundred day moving average of $62.20. The company has a market capitalization of $1.98 billion, a P/E ratio of 5.83 and a beta of 1.06. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.45 and a quick ratio of 1.13.

Navios Maritime Partners (NYSE:NMM) last issued its quarterly earnings data 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 company had revenue of $357.01 million during the quarter, compared to the consensus estimate of $317.80 million. During the same quarter in the prior year, the firm earned $1.58 earnings per share. The firm’s revenue was up 17.4% compared to the same quarter last year.

Navios Maritime Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were given a dividend of $0.06 per share. This is a positive change 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 was Monday, May 11th. Navios Maritime Partners’s payout ratio is currently 2.02%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NMM shares. Wall Street Zen raised shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. Weiss Ratings downgraded Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Finally, Jefferies Financial Group started 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 equities research 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 presently has an average rating of “Moderate Buy” and an average price target of $85.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in Navios Maritime Partners by 95.5% in the third quarter. JPMorgan Chase & Co. now owns 34,884 shares of the shipping company’s stock valued at $1,572,000 after purchasing an additional 17,040 shares in the last quarter. Arbiter Partners Capital Management LLC bought a new position in Navios Maritime Partners in the third quarter valued at $1,117,000. ING Groep NV grew its position in 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 purchasing an additional 53,400 shares in the last quarter. Moors & Cabot Inc. grew its position in Navios Maritime Partners by 0.8% in the third quarter. Moors & Cabot Inc. now owns 92,682 shares of the shipping company’s stock valued at $4,175,000 after purchasing an additional 750 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. grew its position in Navios Maritime Partners by 6.4% in the third quarter. Mraz Amerine & Associates Inc. now owns 43,291 shares of the shipping company’s stock valued at $1,950,000 after purchasing an additional 2,621 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.