Navios Maritime Partners (NYSE:NMM) Insider Purchases $84,067.92 in Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou purchased 1,062 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was purchased at an average cost of $79.16 per share, for a total transaction of $84,067.92. Following the purchase, the insider directly owned 4,790,901 shares in the company, valued at approximately $379,247,723.16. This trade represents a 0.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, August 11th, Angeliki Frangou acquired 1,057 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $78.40 per share, with a total value of $82,868.80.
• On Monday, August 10th, Angeliki Frangou acquired 1,050 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $79.09 per share, with a total value of $83,044.50.
• On Friday, August 7th, Angeliki Frangou acquired 1,054 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $78.94 per share, with a total value of $83,202.76.
• On Thursday, August 6th, Angeliki Frangou bought 1,063 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $79.53 per share, for a total transaction of $84,540.39.
• On Wednesday, August 5th, Angeliki Frangou bought 1,064 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $78.41 per share, for a total transaction of $83,428.24.
• On Tuesday, August 4th, Angeliki Frangou purchased 1,041 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $78.94 per share, with a total value of $82,176.54.
• On Monday, August 3rd, Angeliki Frangou purchased 653 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $79.91 per share, with a total value of $52,181.23.
• On Friday, July 31st, Angeliki Frangou purchased 830 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $80.00 per share, with a total value of $66,400.00.
• On Thursday, July 30th, Angeliki Frangou acquired 1,068 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $78.37 per share, for a total transaction of $83,699.16.
• On Wednesday, July 29th, Angeliki Frangou acquired 1,051 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $78.55 per share, for a total transaction of $82,556.05.

Navios Maritime Partners Stock Performance

Shares of NMM opened at $81.82 on Friday. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 6.89 and a beta of 1.02. Navios Maritime Partners LP has a 12 month low of $42.77 and a 12 month high of $82.84. The firm has a fifty day simple moving average of $74.96 and a 200 day simple moving average of $70.40. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.57.

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

Navios Maritime Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were issued a $0.06 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 2.02%.

Institutional Trading of Navios Maritime Partners

A number of large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of Navios Maritime Partners by 50.9% during the 4th quarter. Royal Bank of Canada now owns 599 shares of the shipping company’s stock worth $32,000 after purchasing an additional 202 shares during the last quarter. Valley Wealth Managers Inc. bought a new stake in shares of Navios Maritime Partners in the 1st quarter valued at about $63,000. State of Wyoming acquired a new stake in Navios Maritime Partners in the 4th quarter valued at about $137,000. Corient Private Wealth LLC acquired a new stake in Navios Maritime Partners in the 4th quarter valued at about $207,000. Finally, Mariner LLC bought a new position in Navios Maritime Partners during the fourth quarter worth about $208,000. Institutional investors and hedge funds own 62.74% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Weiss Ratings lowered Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Jefferies Financial Group initiated coverage on Navios Maritime Partners in a research report on Friday, April 24th. They set a “buy” rating and a $85.00 price target on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.