Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Acquires 1,172 Shares of Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou purchased 1,172 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of $70.93 per share, with a total value of $83,129.96. Following the transaction, the insider owned 4,723,944 shares of the company’s stock, valued at $335,069,347.92. This represents a 0.02% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, May 14th, Angeliki Frangou purchased 1,169 shares of Navios Maritime Partners stock. The stock was bought at an average price of $71.61 per share, with a total value of $83,712.09.
• On Wednesday, May 13th, Angeliki Frangou purchased 1,134 shares of Navios Maritime Partners stock. The stock was bought at an average price of $72.69 per share, with a total value of $82,430.46.
• On Tuesday, May 12th, Angeliki Frangou purchased 1,138 shares of Navios Maritime Partners stock. The stock was bought at an average price of $72.99 per share, with a total value of $83,062.62.
• On Monday, May 11th, Angeliki Frangou purchased 1,111 shares of Navios Maritime Partners stock. The stock was bought at an average price of $73.85 per share, with a total value of $82,047.35.
• On Friday, May 8th, Angeliki Frangou purchased 1,164 shares of Navios Maritime Partners stock. The stock was bought at an average price 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 shares were acquired at an average price 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 shares were acquired at an average price of $74.77 per share, with a total value of $81,200.22.
• On Tuesday, May 5th, Angeliki Frangou bought 1,171 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $74.55 per share, with a total value of $87,298.05.
• 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, with a total value of $83,864.06.
• On Friday, May 1st, Angeliki Frangou bought 1,155 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $71.08 per share, with a total value of $82,097.40.

Navios Maritime Partners Stock Up 0.4%

Shares of NYSE:NMM opened at $71.37 on Friday. 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 simple moving average of $68.82 and a two-hundred day simple moving average of $60.45. The firm has a market capitalization of $2.05 billion, a PE ratio of 7.43 and a beta of 1.06. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.12 and a quick ratio of 1.13.

Navios Maritime Partners (NYSE:NMM) last announced its earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share (EPS) for the quarter, beating 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 business had revenue of $365.55 million during the quarter, compared to analyst estimates of $316.00 million. During the same quarter in the previous year, the business earned $2.61 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year.

Navios Maritime Partners Increases Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 0.3%. This is a boost from Navios Maritime Partners’s previous quarterly dividend of $0.05. The ex-dividend date was Monday, May 11th. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 2.50%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NMM. Jefferies Financial Group began coverage on Navios Maritime Partners in a research report on Friday, April 24th. They set a “buy” rating and a $85.00 target price for the company. Weiss Ratings raised shares of Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, March 17th. Finally, Wall Street Zen raised shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $85.00.

Institutional Investors Weigh In On Navios Maritime Partners

A number of hedge funds have recently made changes to their positions in NMM. Sei Investments Co. bought a new stake in Navios Maritime Partners during the first quarter valued at about $1,889,000. Walleye Capital LLC raised its holdings in Navios Maritime Partners by 45,274.3% in the first quarter. Walleye Capital LLC now owns 149,527 shares of the shipping company’s stock worth $10,090,000 after purchasing an additional 149,858 shares in the last quarter. State of Wyoming raised its holdings in Navios Maritime Partners by 77.8% in the first quarter. State of Wyoming now owns 4,637 shares of the shipping company’s stock worth $313,000 after purchasing an additional 2,029 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in Navios Maritime Partners in the first quarter worth about $63,000. Finally, SG Americas Securities LLC bought a new position in Navios Maritime Partners in the first quarter worth about $622,000. 62.74% of the stock is currently owned by hedge funds and other institutional investors.

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.