Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Buys 1,113 Shares

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou purchased 1,113 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were purchased at an average price of $75.48 per share, with a total value of $84,009.24. Following the completion of the purchase, the insider directly owned 4,727,380 shares of the company’s stock, valued at $356,822,642.40. The trade was a 0.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, May 19th, Angeliki Frangou bought 1,160 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $73.24 per share, with a total value of $84,958.40.
• On Monday, May 18th, Angeliki Frangou bought 1,163 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $71.85 per share, with a total value of $83,561.55.
• On Friday, May 15th, Angeliki Frangou bought 1,172 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $70.93 per share, with a total value of $83,129.96.
• On Thursday, May 14th, Angeliki Frangou bought 1,169 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $71.61 per share, with a total value of $83,712.09.
• On Wednesday, May 13th, Angeliki Frangou bought 1,134 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $72.69 per share, with a total value of $82,430.46.
• On Tuesday, May 12th, Angeliki Frangou bought 1,138 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $72.99 per share, with a total value of $83,062.62.
• On Monday, May 11th, Angeliki Frangou bought 1,111 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $73.85 per share, with a total value of $82,047.35.
• On Friday, May 8th, Angeliki Frangou bought 1,164 shares of Navios Maritime Partners stock. The stock was bought at an average cost 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 stock was bought at an average cost of $72.49 per share, with a total value of $82,276.15.
• On Wednesday, May 6th, Angeliki Frangou bought 1,086 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $74.77 per share, with a total value of $81,200.22.

Navios Maritime Partners Price Performance

Shares of NYSE NMM opened at $75.53 on Thursday. Navios Maritime Partners LP has a 1-year low of $36.62 and a 1-year high of $77.90. The business has a 50-day moving average of $69.21 and a 200-day moving average of $61.12. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.12 and a quick ratio of 1.13. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 7.86 and a beta of 1.06.

Navios Maritime Partners (NYSE:NMM) last issued its earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $316.00 million. During the same quarter in the prior year, the business earned $2.61 earnings per share. 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. Stockholders of record on Monday, May 11th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, May 11th. This is a positive change from Navios Maritime Partners’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Navios Maritime Partners’s dividend payout ratio (DPR) is currently 2.50%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings 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. Valley Wealth Managers Inc. purchased a new position in Navios Maritime Partners in the first quarter valued at about $63,000. State of Wyoming purchased a new position in Navios Maritime Partners in the fourth quarter valued at about $137,000. Corient Private Wealth LLC bought a new position in Navios Maritime Partners during the 4th quarter worth approximately $207,000. Finally, Mariner LLC bought a new position in Navios Maritime Partners during the 4th quarter worth approximately $208,000. Hedge funds and other institutional investors own 62.74% of the company’s stock.

Analysts Set New Price Targets

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