Navios Maritime Partners LP (NYSE:NMM – Get Free Report) insider Angeliki Frangou acquired 1,155 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was acquired at an average cost of $71.08 per share, for a total transaction of $82,097.40. Following the completion of the purchase, the insider directly owned 4,712,495 shares in the company, valued at $334,964,144.60. This trade represents a 0.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Angeliki Frangou also recently made the following trade(s):
- On Monday, May 4th, Angeliki Frangou bought 1,169 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $71.74 per share, for a total transaction of $83,864.06.
- On Thursday, April 30th, Angeliki Frangou bought 1,176 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $72.03 per share, with a total value of $84,707.28.
- On Wednesday, April 29th, Angeliki Frangou bought 1,159 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $71.72 per share, with a total value of $83,123.48.
- On Tuesday, April 28th, Angeliki Frangou purchased 1,145 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $72.08 per share, for a total transaction of $82,531.60.
- On Monday, April 27th, Angeliki Frangou purchased 1,185 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $71.44 per share, for a total transaction of $84,656.40.
- On Friday, April 24th, Angeliki Frangou acquired 1,196 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $70.39 per share, with a total value of $84,186.44.
- On Thursday, April 23rd, Angeliki Frangou acquired 1,187 shares of Navios Maritime Partners stock. The stock was bought at an average price 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 shares were bought at an average price of $69.58 per share, for a total transaction of $84,470.12.
- On Monday, April 20th, Angeliki Frangou bought 1,190 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $70.30 per share, for a total transaction of $83,657.00.
- On Friday, April 17th, Angeliki Frangou purchased 1,201 shares of Navios Maritime Partners stock. The stock was bought at an average price of $70.39 per share, with a total value of $84,538.39.
Navios Maritime Partners Stock Down 0.1%
NYSE:NMM traded down $0.07 during trading hours on Monday, reaching $71.20. The company had a trading volume of 84,310 shares, compared to its average volume of 125,199. Navios Maritime Partners LP has a twelve month low of $35.03 and a twelve month high of $74.21. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 0.56. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 7.41 and a beta of 1.06. The business’s 50-day simple moving average is $68.28 and its two-hundred day simple moving average is $58.81.
Navios Maritime Partners Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Monday, May 11th will be paid a dividend of $0.06 per share. This is an increase from Navios Maritime Partners’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Navios Maritime Partners’s dividend payout ratio (DPR) is currently 2.08%.
Institutional Trading of Navios Maritime Partners
Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its holdings in shares of 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 in the last quarter. Raymond James Financial Inc. grew its holdings in Navios Maritime Partners by 5.6% during the third quarter. Raymond James Financial Inc. now owns 7,192 shares of the shipping company’s stock worth $324,000 after buying an additional 380 shares in the last quarter. Moors & Cabot Inc. raised its position in Navios Maritime Partners by 0.8% in the 3rd quarter. Moors & Cabot Inc. now owns 92,682 shares of the shipping company’s stock valued at $4,175,000 after buying an additional 750 shares during the last quarter. BNP Paribas Financial Markets raised its position in Navios Maritime Partners by 25.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,706 shares of the shipping company’s stock valued at $290,000 after buying an additional 1,559 shares during the last quarter. Finally, Live Oak Investment Partners lifted its stake in Navios Maritime Partners by 5.9% during the 3rd quarter. Live Oak Investment Partners now owns 30,217 shares of the shipping company’s stock valued at $1,361,000 after acquiring an additional 1,680 shares in the last quarter. 62.74% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
NMM has been the subject of a number of research reports. Wall Street Zen upgraded Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. Weiss Ratings upgraded Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, March 17th. Finally, Jefferies Financial Group started coverage on shares of Navios Maritime Partners in a research report on Friday, April 24th. They issued a “buy” rating and a $85.00 price target for the company. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $85.00.
Read Our Latest Research Report on Navios Maritime Partners
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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