Navios Maritime Partners LP (NYSE:NMM – Get Free Report) insider Angeliki Frangou acquired 1,173 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was acquired at an average price of $70.09 per share, with a total value of $82,215.57. Following the completion of the transaction, the insider directly owned 4,691,150 shares of the company’s stock, valued at approximately $328,802,703.50. This represents a 0.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Angeliki Frangou also recently made the following trade(s):
- On Wednesday, April 8th, Angeliki Frangou acquired 1,208 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $71.40 per share, with a total value of $86,251.20.
- On Monday, April 6th, Angeliki Frangou acquired 1,200 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $70.47 per share, with a total value of $84,564.00.
- On Thursday, April 2nd, Angeliki Frangou acquired 1,229 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $69.46 per share, with a total value of $85,366.34.
- On Wednesday, April 1st, Angeliki Frangou acquired 1,234 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $68.21 per share, with a total value of $84,171.14.
- On Monday, March 23rd, Angeliki Frangou acquired 1,289 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $64.87 per share, with a total value of $83,617.43.
- On Friday, March 20th, Angeliki Frangou acquired 1,247 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $66.71 per share, with a total value of $83,187.37.
- On Thursday, March 19th, Angeliki Frangou purchased 1,235 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $67.00 per share, for a total transaction of $82,745.00.
Navios Maritime Partners Price Performance
Shares of NYSE:NMM traded up $3.15 during trading on Wednesday, reaching $72.12. The stock had a trading volume of 220,881 shares, compared to its average volume of 213,882. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.12. The business has a fifty day moving average price of $65.46 and a 200-day moving average price of $55.96. The stock has a market cap of $2.07 billion, a PE ratio of 7.50 and a beta of 1.23. Navios Maritime Partners LP has a 1-year low of $28.37 and a 1-year high of $74.21.
Navios Maritime Partners Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. Navios Maritime Partners’s payout ratio is currently 2.08%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on NMM shares. Wall Street Zen raised Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Weiss Ratings raised Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, March 17th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.
Check Out Our Latest Report on Navios Maritime Partners
Hedge Funds Weigh In On Navios Maritime Partners
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its stake in Navios Maritime Partners by 50.9% during the fourth quarter. Royal Bank of Canada now owns 599 shares of the shipping company’s stock worth $32,000 after buying an additional 202 shares during the last quarter. State of Wyoming acquired 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 during the fourth quarter worth $207,000. Mariner LLC acquired a new position in Navios Maritime Partners during the fourth quarter worth $208,000. Finally, Blackhawk Capital Partners LLC acquired a new position in Navios Maritime Partners during the third quarter worth $247,000. 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.
Further Reading
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