Navios Maritime Partners (NYSE:NMM) Insider Buys $85,120.51 in Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,189 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was acquired at an average cost of $71.59 per share, for a total transaction of $85,120.51. Following the completion of the acquisition, the insider directly owned 4,759,807 shares in the company, valued at approximately $340,754,583.13. The trade was a 0.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, July 6th, Angeliki Frangou acquired 1,149 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $74.48 per share, for a total transaction of $85,577.52.
• On Thursday, July 2nd, Angeliki Frangou bought 1,173 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $73.05 per share, with a total value of $85,687.65.
• On Friday, June 26th, Angeliki Frangou bought 1,195 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $69.22 per share, with a total value of $82,717.90.
• On Tuesday, June 30th, Angeliki Frangou purchased 1,199 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $69.50 per share, for a total transaction of $83,330.50.
• On Monday, June 29th, Angeliki Frangou acquired 1,208 shares of Navios Maritime Partners stock. The shares were bought at an average price of $68.88 per share, with a total value of $83,207.04.
• On Thursday, June 25th, Angeliki Frangou bought 1,170 shares of Navios Maritime Partners stock. The stock was bought at an average price of $70.20 per share, for a total transaction of $82,134.00.
• On Wednesday, June 24th, Angeliki Frangou bought 1,148 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $71.94 per share, for a total transaction of $82,587.12.
• On Tuesday, June 23rd, Angeliki Frangou purchased 1,159 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $72.68 per share, with a total value of $84,236.12.
• On Monday, June 22nd, Angeliki Frangou acquired 1,187 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $71.39 per share, for a total transaction of $84,739.93.
• On Thursday, June 18th, Angeliki Frangou bought 1,151 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $71.10 per share, with a total value of $81,836.10.

Navios Maritime Partners Stock Performance

Shares of NYSE NMM opened at $75.70 on Thursday. The company has a market capitalization of $2.17 billion, a PE ratio of 6.38 and a beta of 1.00. 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 company’s fifty day moving average price is $72.41 and its 200 day moving average price is $66.08. Navios Maritime Partners LP has a 1 year low of $37.42 and a 1 year high of $80.69.

Navios Maritime Partners (NYSE:NMM) last released its quarterly earnings data on Thursday, May 21st. The shipping company reported $3.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.58. The company had revenue of $357.01 million during the quarter, compared to analysts’ expectations of $317.80 million. Navios Maritime Partners had a net margin of 25.05% and a return on equity of 10.48%. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.58 earnings per share.

Navios Maritime Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were paid a $0.06 dividend. The ex-dividend date was Monday, May 11th. 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. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 2.02%.

Hedge Funds Weigh In On Navios Maritime Partners

A number of institutional investors and hedge funds have recently bought and sold shares of NMM. Royal Bank of Canada raised its holdings in Navios Maritime Partners by 50.9% in the 4th quarter. Royal Bank of Canada now owns 599 shares of the shipping company’s stock valued at $32,000 after acquiring an additional 202 shares during the last quarter. Valley Wealth Managers Inc. acquired a new position in shares of Navios Maritime Partners during the 1st quarter worth approximately $63,000. State of Wyoming purchased a new stake in shares of Navios Maritime Partners in the fourth quarter valued at approximately $137,000. Corient Private Wealth LLC purchased a new stake in shares of Navios Maritime Partners in the fourth quarter valued at approximately $207,000. Finally, Mariner LLC acquired a new stake in shares of Navios Maritime Partners in the fourth quarter valued at approximately $208,000. 62.74% of the stock is currently owned by institutional investors and hedge funds.

Key Navios Maritime Partners News

Here are the key news stories impacting Navios Maritime Partners this week:

• Positive Sentiment: CEO Angeliki Frangou has been buying shares repeatedly over the past several sessions, signaling confidence in Navios Maritime Partners’ prospects and supporting investor sentiment. Article Title
• Positive Sentiment: The company recently reported strong quarterly results, with EPS and revenue both beating analyst expectations, which continues to underpin the stock’s higher trading range.
• Positive Sentiment: Navios Maritime Partners also raised its quarterly dividend, reinforcing the appeal of the stock for income-focused investors.
• Neutral Sentiment: Analyst sentiment remains mixed but constructive, with an overall Moderate Buy rating and an average price target above the current trading level.
• Negative Sentiment: One research firm recently downgraded the stock to Hold, which could temper enthusiasm despite the insider buying and solid fundamentals.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NMM shares. Weiss Ratings downgraded Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. Wall Street Zen raised Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Finally, Jefferies Financial Group started 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 target on the stock. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

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.