Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Purchases 1,196 Shares of Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,196 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was purchased at an average cost of $70.39 per share, for a total transaction of $84,186.44. Following the transaction, the insider owned 4,706,675 shares in the company, valued at approximately $331,302,853.25. The trade was a 0.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, April 23rd, Angeliki Frangou bought 1,187 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $70.22 per share, with a total value of $83,351.14.
• On Wednesday, April 22nd, Angeliki Frangou bought 1,214 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $69.58 per share, with a total value of $84,470.12.
• On Monday, April 20th, Angeliki Frangou bought 1,190 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $70.30 per share, with a total value of $83,657.00.
• On Friday, April 17th, Angeliki Frangou purchased 1,201 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $70.39 per share, for a total transaction of $84,538.39.
• On Tuesday, April 14th, Angeliki Frangou acquired 1,192 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $70.39 per share, with a total value of $83,904.88.
• On Thursday, April 16th, Angeliki Frangou acquired 1,199 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $69.71 per share, with a total value of $83,582.29.
• On Wednesday, April 15th, Angeliki Frangou bought 1,201 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $70.23 per share, for a total transaction of $84,346.23.
• On Monday, April 13th, Angeliki Frangou purchased 1,204 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $70.24 per share, with a total value of $84,568.96.
• On Friday, April 10th, Angeliki Frangou acquired 1,188 shares of Navios Maritime Partners stock. The shares were bought at an average price of $68.94 per share, for a total transaction of $81,900.72.
• On Thursday, April 9th, Angeliki Frangou acquired 1,155 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $70.78 per share, with a total value of $81,750.90.

Navios Maritime Partners Stock Up 1.0%

NYSE:NMM opened at $70.38 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Navios Maritime Partners LP has a twelve month low of $33.20 and a twelve month high of $74.21. The company has a market cap of $2.02 billion, a PE ratio of 7.32 and a beta of 1.23. The company’s 50 day moving average is $67.64 and its two-hundred day moving average is $57.84.

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

Navios Maritime Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. Navios Maritime Partners’s payout ratio is currently 2.08%.

Hedge Funds Weigh In On Navios Maritime Partners

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of Navios Maritime Partners in the 1st quarter valued at about $622,000. Corient Private Wealth LLC acquired a new stake in Navios Maritime Partners during the fourth quarter worth about $207,000. Empowered Funds LLC acquired a new stake in Navios Maritime Partners during the fourth quarter worth about $329,000. XTX Topco Ltd purchased a new position in Navios Maritime Partners during the fourth quarter valued at approximately $368,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Navios Maritime Partners during the fourth quarter valued at approximately $572,000. Hedge funds and other institutional investors own 62.74% of the company’s stock.

Wall Street Analysts Forecast Growth

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