Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Acquires 1,200 Shares of Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,200 shares of Navios Maritime Partners stock in a transaction that occurred on Monday, April 6th. The shares were purchased at an average cost of $70.47 per share, with a total value of $84,564.00. Following the completion of the acquisition, the insider owned 4,689,977 shares of the company’s stock, valued at $330,502,679.19. The trade was a 0.03% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were purchased at an average cost of $71.40 per share, with a total value of $86,251.20.
• On Tuesday, April 7th, Angeliki Frangou acquired 1,173 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $70.09 per share, with a total value of $82,215.57.
• On Thursday, April 2nd, Angeliki Frangou acquired 1,229 shares of Navios Maritime Partners stock. The shares were purchased at an average cost 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 shares were purchased at an average cost 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 shares were purchased at an average cost 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 shares were purchased at an average cost of $66.71 per share, with a total value of $83,187.37.
• On Thursday, March 19th, Angeliki Frangou acquired 1,235 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $67.00 per share, with a total value of $82,745.00.

Navios Maritime Partners Stock Performance

NYSE NMM opened at $72.12 on Thursday. Navios Maritime Partners LP has a fifty-two week low of $28.37 and a fifty-two week high of $74.21. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 7.50 and a beta of 1.23. The business has a fifty day moving average of $65.46 and a 200-day moving average of $55.96. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 0.56.

Navios Maritime Partners (NYSE:NMM) last released its quarterly earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $316.00 million. During the same period in the previous year, the firm posted $2.61 earnings per share. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, analysts predict that Navios Maritime Partners LP will post 12.64 earnings per share for the current fiscal year.

Navios Maritime Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, February 9th. Navios Maritime Partners’s dividend payout ratio is 2.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. Weiss Ratings upgraded shares of Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, March 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Hedge Funds Weigh In On Navios Maritime Partners

Several institutional investors have recently added to or reduced their stakes in NMM. Royal Bank of Canada increased its stake in Navios Maritime Partners by 50.9% in the fourth 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 acquired a new position in Navios Maritime Partners in the fourth quarter valued at $137,000. Corient Private Wealth LLC acquired a new stake in Navios Maritime Partners during the fourth quarter worth about $207,000. Mariner LLC acquired a new stake in Navios Maritime Partners during the fourth quarter worth about $208,000. Finally, Cerity Partners LLC acquired a new stake in Navios Maritime Partners during the second quarter worth about $212,000. 62.74% of the stock is currently owned by institutional investors and hedge funds.

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.