Angeliki Frangou Buys 1,200 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,200 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were bought at an average price of $70.47 per share, for a total transaction of $84,564.00. Following the completion of the purchase, the insider owned 4,689,977 shares in the company, valued at $330,502,679.19. This trade represents a 0.03% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 8th, Angeliki Frangou acquired 1,208 shares of Navios Maritime Partners stock. The shares were bought at an average price of $71.40 per share, for a total transaction of $86,251.20.
• On Tuesday, April 7th, Angeliki Frangou acquired 1,173 shares of Navios Maritime Partners stock. The shares were bought at an average price of $70.09 per share, for a total transaction of $82,215.57.
• On Thursday, April 2nd, Angeliki Frangou acquired 1,229 shares of Navios Maritime Partners stock. The shares were bought at an average price of $69.46 per share, for a total transaction of $85,366.34.
• On Wednesday, April 1st, Angeliki Frangou acquired 1,234 shares of Navios Maritime Partners stock. The shares were bought at an average price of $68.21 per share, for a total transaction of $84,171.14.
• On Monday, March 23rd, Angeliki Frangou acquired 1,289 shares of Navios Maritime Partners stock. The shares were bought at an average price of $64.87 per share, for a total transaction of $83,617.43.
• On Friday, March 20th, Angeliki Frangou acquired 1,247 shares of Navios Maritime Partners stock. The shares were bought at an average price of $66.71 per share, for a total transaction of $83,187.37.
• On Thursday, March 19th, Angeliki Frangou acquired 1,235 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $67.00 per share, with a total value of $82,745.00.

Navios Maritime Partners Price Performance

Shares of NMM stock traded up $3.15 during trading hours on Wednesday, reaching $72.12. The stock had a trading volume of 220,881 shares, compared to its average volume of 213,882. The stock’s fifty day simple moving average is $65.46 and its 200 day simple moving average is $55.96. 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 12 month low of $28.37 and a 12 month high of $74.21. The firm has a market capitalization of $2.07 billion, a PE ratio of 7.50 and a beta of 1.23.

Navios Maritime Partners (NYSE:NMM) last released its quarterly earnings data on Thursday, February 19th. The shipping company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.99. Navios Maritime Partners had a net margin of 21.23% and a return on equity of 9.17%. The company had revenue of $365.55 million during the quarter, compared to analyst estimates of $316.00 million. During the same period last year, the business earned $2.61 earnings per share. Navios Maritime Partners’s revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts predict that Navios Maritime Partners LP will post 12.64 EPS for the current year.

Navios Maritime Partners Dividend Announcement

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

Institutional Investors Weigh In On Navios Maritime Partners

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its position in Navios Maritime Partners by 50.9% during 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 during the last quarter. State of Wyoming bought a new stake in Navios Maritime Partners during the fourth quarter valued at approximately $137,000. Corient Private Wealth LLC bought a new stake in Navios Maritime Partners during the fourth quarter valued at approximately $207,000. Mariner LLC bought a new stake in Navios Maritime Partners during the fourth quarter valued at approximately $208,000. Finally, Blackhawk Capital Partners LLC bought a new stake in Navios Maritime Partners during the third quarter valued at approximately $247,000. 62.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NMM has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. Weiss Ratings upgraded shares of Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

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.