Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Acquires 1,214 Shares

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,214 shares of Navios Maritime Partners stock in a transaction on Wednesday, April 22nd. The shares were bought at an average price of $69.58 per share, with a total value of $84,470.12. Following the purchase, the insider directly owned 4,704,292 shares in the company, valued at approximately $327,324,637.36. The trade was a 0.03% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Friday, April 24th, Angeliki Frangou bought 1,196 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $70.39 per share, for a total transaction of $84,186.44.
• On Thursday, April 23rd, Angeliki Frangou purchased 1,187 shares of Navios Maritime Partners stock. The shares were bought at an average price of $70.22 per share, with a total value of $83,351.14.
• On Monday, April 20th, Angeliki Frangou purchased 1,190 shares of Navios Maritime Partners stock. The shares were bought at an average price of $70.30 per share, with a total value 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 cost of $70.39 per share, with a total value of $84,538.39.
• On Tuesday, April 14th, Angeliki Frangou acquired 1,192 shares of Navios Maritime Partners stock. The stock was bought at an average price of $70.39 per share, for a total transaction of $83,904.88.
• On Thursday, April 16th, Angeliki Frangou acquired 1,199 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $69.71 per share, for a total transaction of $83,582.29.
• On Wednesday, April 15th, Angeliki Frangou bought 1,201 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $70.23 per share, with a total value of $84,346.23.
• On Monday, April 13th, Angeliki Frangou purchased 1,204 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $70.24 per share, for a total transaction of $84,568.96.
• On Friday, April 10th, Angeliki Frangou bought 1,188 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $68.94 per share, for a total transaction of $81,900.72.
• On Thursday, April 9th, Angeliki Frangou bought 1,155 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $70.78 per share, for a total transaction of $81,750.90.

Navios Maritime Partners Price Performance

Shares of Navios Maritime Partners stock traded up $0.71 on Friday, hitting $70.38. The company’s stock had a trading volume of 75,444 shares, compared to its average volume of 130,124. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 7.32 and a beta of 1.23. Navios Maritime Partners LP has a 1 year low of $33.20 and a 1 year high of $74.21. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.12. The firm has a fifty day moving average price of $67.64 and a 200-day moving average price of $57.84.

Navios Maritime Partners (NYSE:NMM) last issued its quarterly earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $365.55 million for the quarter, compared to the consensus estimate of $316.00 million. During the same quarter in the prior year, the business posted $2.61 earnings per share. Navios Maritime Partners’s revenue for the quarter was up 10.0% on a year-over-year basis.

Navios Maritime Partners Dividend Announcement

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

Hedge Funds Weigh In On Navios Maritime Partners

Several hedge funds and other institutional investors have recently made changes to their positions in NMM. Royal Bank of Canada boosted its stake 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 worth $32,000 after acquiring an additional 202 shares during the last quarter. State of Wyoming acquired a new position in Navios Maritime Partners in the 4th quarter valued at $137,000. Corient Private Wealth LLC acquired a new position in Navios Maritime Partners in the 4th quarter valued at $207,000. Mariner LLC purchased a new position in Navios Maritime Partners in the 4th quarter valued at $208,000. Finally, Cerity Partners LLC acquired a new stake in Navios Maritime Partners during the 2nd quarter worth $212,000. Hedge funds and other institutional investors own 62.74% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on NMM. Jefferies Financial Group started coverage on shares of Navios Maritime Partners in a report on Friday. They issued a “buy” rating and a $85.00 price target for the company. Weiss Ratings raised shares of Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a report 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 analysts have rated the stock with a Buy rating, According to MarketBeat, Navios Maritime Partners presently has a consensus rating of “Buy” and a consensus target price 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.