Navios Maritime Partners LP (NYSE:NMM – Get Free Report) insider Angeliki Frangou purchased 1,149 shares of the stock in a transaction on Monday, July 6th. The stock was acquired at an average price of $74.48 per share, for a total transaction of $85,577.52. Following the completion of the purchase, the insider directly owned 4,762,129 shares in the company, valued at approximately $354,683,367.92. The trade was a 0.02% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Angeliki Frangou also recently made the following trade(s):
- On Thursday, July 2nd, Angeliki Frangou acquired 1,173 shares of Navios Maritime Partners stock. The stock was bought at an average price of $73.05 per share, with a total value of $85,687.65.
- On Wednesday, July 1st, Angeliki Frangou bought 1,189 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $71.59 per share, for a total transaction of $85,120.51.
- On Friday, June 26th, Angeliki Frangou bought 1,195 shares of Navios Maritime Partners stock. The shares were bought at an average price of $69.22 per share, for a total transaction of $82,717.90.
- On Tuesday, June 30th, Angeliki Frangou purchased 1,199 shares of Navios Maritime Partners stock. The stock was bought at an average price of $69.50 per share, with a total value of $83,330.50.
- On Monday, June 29th, Angeliki Frangou purchased 1,208 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $68.88 per share, for a total transaction of $83,207.04.
- On Thursday, June 25th, Angeliki Frangou acquired 1,170 shares of Navios Maritime Partners stock. The shares were bought at an average price of $70.20 per share, for a total transaction of $82,134.00.
- On Wednesday, June 24th, Angeliki Frangou acquired 1,148 shares of Navios Maritime Partners stock. The shares were bought at an average price of $71.94 per share, for a total transaction of $82,587.12.
- On Tuesday, June 23rd, Angeliki Frangou acquired 1,159 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $72.68 per share, with a total value of $84,236.12.
- On Monday, June 22nd, Angeliki Frangou bought 1,187 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $71.39 per share, with a total value of $84,739.93.
- On Thursday, June 18th, Angeliki Frangou bought 1,151 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $71.10 per share, for a total transaction of $81,836.10.
Navios Maritime Partners Stock Performance
NYSE NMM opened at $75.08 on Wednesday. The firm has a market capitalization of $2.15 billion, a P/E ratio of 6.32 and a beta of 1.00. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.57. The firm’s fifty day moving average price is $72.35 and its two-hundred day moving average price is $65.90. Navios Maritime Partners LP has a 1 year low of $37.42 and a 1 year high of $80.69.
Navios Maritime Partners Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. This is a boost from Navios Maritime Partners’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, May 11th. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 2.02%.
Navios Maritime Partners News Roundup
Here are the key news stories impacting Navios Maritime Partners this week:
- Positive Sentiment: CEO Angeliki Frangou bought 1,189 shares on July 1, adding to a string of recent open-market purchases, reinforcing a bullish signal from management. Article Title
- Positive Sentiment: Frangou also bought additional shares on July 2 and July 6, extending a multi-day buying pattern that may support investor sentiment around Navios Maritime Partners’ valuation. Article Title
- Neutral Sentiment: The purchases were relatively small in percentage terms, so while they signal confidence, they are not large enough on their own to materially change the company’s fundamentals or near-term outlook.
- Neutral Sentiment: NMM had already posted solid recent results, including earnings and revenue that topped expectations, and it continues to trade near the upper end of its 52-week range.
- Negative Sentiment: No major negative company-specific news was disclosed in the latest batch of articles, so any downside pressure would more likely come from broader shipping-market or market-wide volatility rather than a fresh fundamental setback.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Wall Street Zen raised Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. Jefferies Financial Group initiated coverage on shares of Navios Maritime Partners in a research report on Friday, April 24th. They set a “buy” rating and a $85.00 price objective for the company. Finally, Weiss Ratings downgraded shares of 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 issued a Hold rating to the company. According to data from MarketBeat.com, Navios Maritime Partners has a consensus rating of “Moderate Buy” and an average price target of $85.00.
View Our Latest Stock Report on NMM
Institutional Investors Weigh In On Navios Maritime Partners
A number of institutional investors have recently made changes to their positions in NMM. ION Fund Management Ltd bought a new stake in shares of Navios Maritime Partners in the fourth quarter valued at about $24,432,000. Walleye Capital LLC increased its position in Navios Maritime Partners by 45,274.3% during the first 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 during the period. Marnell Management LLC bought a new position in Navios Maritime Partners during the fourth quarter worth about $5,027,000. Bank of America Corp DE raised its stake in Navios Maritime Partners by 57.6% in the 1st quarter. Bank of America Corp DE now owns 199,141 shares of the shipping company’s stock worth $13,438,000 after purchasing an additional 72,754 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Navios Maritime Partners by 150.9% in the 4th quarter. JPMorgan Chase & Co. now owns 87,535 shares of the shipping company’s stock worth $4,589,000 after purchasing an additional 52,651 shares in the last quarter. Institutional investors own 62.74% of the company’s stock.
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.
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