Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Acquires 1,163 Shares

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,163 shares of the stock in a transaction dated Monday, May 18th. The stock was bought at an average price of $71.85 per share, for a total transaction of $83,561.55. Following the completion of the purchase, the insider owned 4,725,107 shares in the company, valued at approximately $339,498,937.95. This trade represents a 0.02% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Wednesday, May 20th, Angeliki Frangou acquired 1,113 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $75.48 per share, for a total transaction of $84,009.24.
• On Tuesday, May 19th, Angeliki Frangou purchased 1,160 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $73.24 per share, for a total transaction of $84,958.40.
• On Friday, May 15th, Angeliki Frangou acquired 1,172 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $70.93 per share, for a total transaction of $83,129.96.
• On Thursday, May 14th, Angeliki Frangou acquired 1,169 shares of Navios Maritime Partners stock. The stock was bought at an average price of $71.61 per share, with a total value of $83,712.09.
• On Wednesday, May 13th, Angeliki Frangou purchased 1,134 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $72.69 per share, with a total value of $82,430.46.
• On Tuesday, May 12th, Angeliki Frangou acquired 1,138 shares of Navios Maritime Partners stock. The shares were bought at an average price of $72.99 per share, with a total value of $83,062.62.
• On Monday, May 11th, Angeliki Frangou purchased 1,111 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $73.85 per share, with a total value of $82,047.35.
• On Friday, May 8th, Angeliki Frangou acquired 1,164 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $74.62 per share, with a total value of $86,857.68.
• On Thursday, May 7th, Angeliki Frangou bought 1,135 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $72.49 per share, for a total transaction of $82,276.15.
• On Wednesday, May 6th, Angeliki Frangou bought 1,086 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $74.77 per share, for a total transaction of $81,200.22.

Navios Maritime Partners Stock Up 0.9%

Shares of NYSE NMM traded up $0.68 during trading on Wednesday, hitting $75.53. 138,476 shares of the company traded hands, compared to its average volume of 135,390. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.12. Navios Maritime Partners LP has a fifty-two week low of $36.62 and a fifty-two week high of $77.90. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 7.86 and a beta of 1.06. The business’s fifty day moving average is $69.21 and its 200 day moving average is $61.12.

Navios Maritime Partners (NYSE:NMM) last released its earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.99. Navios Maritime Partners had a net margin of 21.23% and a return on equity of 9.17%. The firm had revenue of $365.55 million during the quarter, compared to the consensus estimate of $316.00 million. During the same period in the prior year, the firm earned $2.61 EPS. The company’s revenue was up 10.0% compared to the same quarter last year.

Navios Maritime Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors 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 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, May 11th. Navios Maritime Partners’s dividend payout ratio (DPR) is currently 2.50%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NMM shares. 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 raised shares of Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, March 17th. Finally, Jefferies Financial Group began coverage on shares of Navios Maritime Partners in a report on Friday, April 24th. They issued a “buy” rating and a $85.00 price target for the company. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $85.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its stake in shares of Navios Maritime Partners by 50.9% during the 4th 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. Valley Wealth Managers Inc. acquired a new position in shares of Navios Maritime Partners during the 1st quarter worth $63,000. State of Wyoming purchased a new stake in Navios Maritime Partners during the 4th quarter worth about $137,000. Corient Private Wealth LLC purchased a new stake in Navios Maritime Partners during the 4th quarter worth about $207,000. Finally, Mariner LLC purchased a new stake in Navios Maritime Partners during the 4th quarter worth about $208,000. 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.