Navios Maritime Partners LP (NYSE:NMM – Get Free Report) insider Angeliki Frangou purchased 1,203 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average price of $71.36 per share, for a total transaction of $85,846.08. Following the completion of the purchase, the insider directly owned 4,735,422 shares in the company, valued at $337,919,713.92. This represents a 0.03% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Angeliki Frangou also recently made the following trade(s):
- On Wednesday, June 3rd, Angeliki Frangou purchased 1,156 shares of Navios Maritime Partners stock. The shares were bought at an average price of $72.14 per share, for a total transaction of $83,393.84.
- On Tuesday, June 2nd, Angeliki Frangou purchased 1,158 shares of Navios Maritime Partners stock. The shares were bought at an average price of $72.25 per share, for a total transaction of $83,665.50.
- On Friday, May 29th, Angeliki Frangou purchased 1,196 shares of Navios Maritime Partners stock. The shares were bought at an average price of $69.57 per share, for a total transaction of $83,205.72.
- On Thursday, May 28th, Angeliki Frangou purchased 1,170 shares of Navios Maritime Partners stock. The shares were bought at an average price of $70.65 per share, for a total transaction of $82,660.50.
- On Wednesday, May 27th, Angeliki Frangou purchased 1,132 shares of Navios Maritime Partners stock. The shares were bought at an average price of $72.61 per share, for a total transaction of $82,194.52.
- On Tuesday, May 26th, Angeliki Frangou purchased 1,118 shares of Navios Maritime Partners stock. The shares were bought at an average price of $73.63 per share, for a total transaction of $82,318.34.
- On Friday, May 22nd, Angeliki Frangou purchased 1,116 shares of Navios Maritime Partners stock. The shares were bought at an average price of $74.30 per share, for a total transaction of $82,918.80.
- On Thursday, May 21st, Angeliki Frangou acquired 1,107 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $77.81 per share, for a total transaction of $86,135.67.
- On Wednesday, May 20th, Angeliki Frangou acquired 1,113 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $75.48 per share, for a total transaction of $84,009.24.
- On Tuesday, May 19th, Angeliki Frangou acquired 1,160 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $73.24 per share, for a total transaction of $84,958.40.
Navios Maritime Partners Trading Up 0.2%
NYSE NMM opened at $71.56 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market cap of $2.05 billion, a PE ratio of 6.03 and a beta of 1.01. Navios Maritime Partners LP has a one year low of $36.62 and a one year high of $80.69. The firm’s fifty day moving average is $71.04 and its two-hundred day moving average is $62.90.
Navios Maritime Partners Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were paid a $0.06 dividend. This is a boost from Navios Maritime Partners’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, May 11th. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 2.02%.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Weiss Ratings lowered shares of Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. Wall Street Zen upgraded shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Finally, Jefferies Financial Group assumed coverage on shares of Navios Maritime Partners in a research note on Friday, April 24th. They issued a “buy” rating and a $85.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Navios Maritime Partners has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.
Read Our Latest Research Report on NMM
Institutional Trading of Navios Maritime Partners
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ion Asset Management Ltd. boosted its holdings in shares of Navios Maritime Partners by 2.2% in the second quarter. Ion Asset Management Ltd. now owns 817,963 shares of the shipping company’s stock valued at $30,821,000 after acquiring an additional 17,285 shares in the last quarter. ION Fund Management Ltd purchased a new stake in Navios Maritime Partners during the fourth quarter worth about $24,432,000. Bank of America Corp DE boosted its holdings in Navios Maritime Partners by 57.6% during the first quarter. Bank of America Corp DE now owns 199,141 shares of the shipping company’s stock worth $13,438,000 after buying an additional 72,754 shares in the last quarter. Walleye Capital LLC boosted its holdings 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 buying an additional 149,858 shares in the last quarter. Finally, ING Groep NV boosted its holdings in Navios Maritime Partners by 51.7% during the fourth quarter. ING Groep NV now owns 146,500 shares of the shipping company’s stock worth $7,681,000 after buying an additional 49,900 shares in the last quarter. Hedge funds and other 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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