Angeliki Frangou Purchases 1,063 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,063 shares of Navios Maritime Partners stock in a transaction dated Thursday, August 6th. The stock was purchased at an average price of $79.53 per share, with a total value of $84,540.39. Following the completion of the purchase, the insider owned 4,786,678 shares of the company’s stock, valued at approximately $380,684,501.34. The trade was a 0.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, August 7th, Angeliki Frangou bought 1,054 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $78.94 per share, with a total value of $83,202.76.
• On Wednesday, August 5th, Angeliki Frangou bought 1,064 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $78.41 per share, for a total transaction of $83,428.24.
• On Tuesday, August 4th, Angeliki Frangou purchased 1,041 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $78.94 per share, for a total transaction of $82,176.54.
• On Monday, August 3rd, Angeliki Frangou purchased 653 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $79.91 per share, for a total transaction of $52,181.23.
• On Friday, July 31st, Angeliki Frangou purchased 830 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $80.00 per share, with a total value of $66,400.00.
• On Thursday, July 30th, Angeliki Frangou acquired 1,068 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $78.37 per share, with a total value of $83,699.16.
• On Wednesday, July 29th, Angeliki Frangou acquired 1,051 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $78.55 per share, with a total value of $82,556.05.
• On Tuesday, July 28th, Angeliki Frangou acquired 1,072 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $78.59 per share, for a total transaction of $84,248.48.
• On Wednesday, July 22nd, Angeliki Frangou acquired 1,121 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $74.07 per share, for a total transaction of $83,032.47.
• On Tuesday, July 21st, Angeliki Frangou acquired 1,149 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $74.03 per share, for a total transaction of $85,060.47.

Navios Maritime Partners Trading Up 0.1%

Shares of Navios Maritime Partners stock opened at $79.09 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a fifty day moving average price of $74.14 and a 200 day moving average price of $69.58. Navios Maritime Partners LP has a 1 year low of $42.77 and a 1 year high of $82.84. The stock has a market cap of $2.27 billion, a PE ratio of 6.66 and a beta of 1.02.

Navios Maritime Partners (NYSE:NMM) last posted its earnings results on Thursday, May 21st. The shipping company reported $3.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.58. The company had revenue of $357.01 million during the quarter, compared to the consensus estimate of $317.80 million. Navios Maritime Partners had a net margin of 25.05% and a return on equity of 10.48%. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.58 earnings per share.

Navios Maritime Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, August 10th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, August 10th. Navios Maritime Partners’s payout ratio is 2.02%.

Institutional Trading of Navios Maritime Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC increased its holdings in Navios Maritime Partners by 74.1% in the first quarter. Empowered Funds LLC now owns 10,911 shares of the shipping company’s stock valued at $736,000 after buying an additional 4,644 shares in the last quarter. Bank of America Corp DE raised its position in shares of Navios Maritime Partners by 57.6% in the first quarter. Bank of America Corp DE now owns 199,141 shares of the shipping company’s stock worth $13,438,000 after acquiring an additional 72,754 shares during the period. Sei Investments Co. purchased a new stake in shares of Navios Maritime Partners during the 1st quarter worth about $1,889,000. Walleye Capital LLC boosted its stake in shares of Navios Maritime Partners by 45,274.3% during the 1st quarter. Walleye Capital LLC now owns 149,527 shares of the shipping company’s stock worth $10,090,000 after acquiring an additional 149,858 shares in the last quarter. Finally, State of Wyoming boosted its stake in shares of Navios Maritime Partners by 77.8% during the 1st quarter. State of Wyoming now owns 4,637 shares of the shipping company’s stock worth $313,000 after acquiring an additional 2,029 shares in the last quarter. Institutional investors and hedge funds own 62.74% of the company’s stock.

Wall Street Analysts Forecast Growth

NMM has been the topic of several analyst reports. 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 target price on the stock. Weiss Ratings downgraded Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

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.