Navios Maritime Partners LP (NYSE:NMM – Get Free Report) insider Angeliki Frangou bought 1,155 shares of the stock in a transaction on Friday, May 1st. The shares were acquired at an average cost of $71.08 per share, with a total value of $82,097.40. Following the purchase, the insider owned 4,712,495 shares of the company’s stock, valued at approximately $334,964,144.60. This represents a 0.02% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Angeliki Frangou also recently made the following trade(s):
- On Monday, May 4th, Angeliki Frangou purchased 1,169 shares of Navios Maritime Partners stock. The stock was bought at an average price of $71.74 per share, for a total transaction of $83,864.06.
- On Thursday, April 30th, Angeliki Frangou purchased 1,176 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $72.03 per share, for a total transaction 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, with a total value of $82,531.60.
- On Monday, April 27th, Angeliki Frangou bought 1,185 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $71.44 per share, for a total transaction of $84,656.40.
- On Friday, April 24th, Angeliki Frangou purchased 1,196 shares of Navios Maritime Partners stock. The shares were bought at an average price 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 stock was purchased at an average price of $70.22 per share, with a total value of $83,351.14.
- On Wednesday, April 22nd, Angeliki Frangou purchased 1,214 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $69.58 per share, with a total value of $84,470.12.
- On Monday, April 20th, Angeliki Frangou acquired 1,190 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $70.30 per share, for a total transaction of $83,657.00.
- On Friday, April 17th, Angeliki Frangou acquired 1,201 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $70.39 per share, for a total transaction of $84,538.39.
Navios Maritime Partners Price Performance
NMM traded down $0.07 on Monday, reaching $71.20. The stock had a trading volume of 84,310 shares, compared to its average volume of 125,199. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 7.41 and a beta of 1.06. Navios Maritime Partners LP has a fifty-two week low of $35.03 and a fifty-two week high of $74.21. The firm has a 50-day moving average of $68.28 and a 200-day moving average of $58.81.
Navios Maritime Partners Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Monday, May 11th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, May 11th. This represents a $0.24 annualized dividend and a yield of 0.3%. This is a boost from Navios Maritime Partners’s previous quarterly dividend of $0.05. Navios Maritime Partners’s dividend payout ratio is 2.08%.
Analyst Upgrades and Downgrades
NMM has been the subject of several recent research reports. Wall Street Zen upgraded shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. Jefferies Financial Group began coverage on shares of Navios Maritime Partners in a report on Friday, April 24th. They set a “buy” rating and a $85.00 price target on the stock. Finally, Weiss Ratings raised shares of Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, March 17th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $85.00.
Get Our Latest Research Report on NMM
Institutional Investors Weigh In On Navios Maritime Partners
A number of institutional investors have recently modified their holdings of NMM. Royal Bank of Canada boosted its stake 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 during the last quarter. State of Wyoming bought a new position in Navios Maritime Partners during the fourth quarter worth $137,000. Corient Private Wealth LLC acquired a new position in Navios Maritime Partners in the fourth quarter valued at $207,000. Mariner LLC acquired a new position in Navios Maritime Partners in the fourth quarter valued at $208,000. Finally, Cerity Partners LLC bought a new stake in Navios Maritime Partners during the second quarter valued at $212,000. 62.74% of the stock is owned by institutional investors.
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.
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