Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Acquires 1,164 Shares of Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou bought 1,164 shares of the business’s stock in a transaction on Friday, May 8th. The stock was purchased at an average cost of $74.62 per share, with a total value of $86,857.68. Following the purchase, the insider owned 4,718,220 shares of the company’s stock, valued at $352,073,576.40. This 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 accessible through this link.

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

• On Tuesday, May 12th, Angeliki Frangou bought 1,138 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $72.99 per share, for a total transaction 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 cost of $73.85 per share, for a total transaction of $82,047.35.
• On Thursday, May 7th, Angeliki Frangou acquired 1,135 shares of Navios Maritime Partners stock. The stock was bought at an average price of $72.49 per share, with a total value of $82,276.15.
• On Wednesday, May 6th, Angeliki Frangou acquired 1,086 shares of Navios Maritime Partners stock. The shares were bought at an average cost 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 stock was purchased at an average price of $74.55 per share, for a total transaction of $87,298.05.
• On Monday, May 4th, Angeliki Frangou bought 1,169 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $71.74 per share, for a total transaction of $83,864.06.
• On Friday, May 1st, Angeliki Frangou purchased 1,155 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $71.08 per share, with a total value of $82,097.40.
• On Thursday, April 30th, Angeliki Frangou purchased 1,176 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $72.03 per share, with a total value of $84,707.28.
• On Wednesday, April 29th, Angeliki Frangou purchased 1,159 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $71.72 per share, for a total transaction of $83,123.48.
• On Tuesday, April 28th, Angeliki Frangou acquired 1,145 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $72.08 per share, for a total transaction of $82,531.60.

Navios Maritime Partners Stock Performance

Shares of NYSE:NMM opened at $73.49 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average price of $68.85 and a 200-day moving average price of $60.02. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 7.65 and a beta of 1.06. Navios Maritime Partners LP has a 12 month low of $36.62 and a 12 month high of $77.90.

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

Navios Maritime Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Monday, May 11th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.3%. This is an increase from Navios Maritime Partners’s previous quarterly dividend of $0.05. The ex-dividend date is Monday, May 11th. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 2.50%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Navios Maritime Partners

Large investors have recently made changes to their positions in the business. Ion Asset Management Ltd. raised its stake in Navios Maritime Partners by 2.2% during the 2nd quarter. Ion Asset Management Ltd. now owns 817,963 shares of the shipping company’s stock valued at $30,821,000 after purchasing an additional 17,285 shares during the period. ION Fund Management Ltd bought a new stake in Navios Maritime Partners in the 4th quarter valued at $24,432,000. Commonwealth Equity Services LLC boosted its holdings in shares of Navios Maritime Partners by 1.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 158,749 shares of the shipping company’s stock valued at $7,152,000 after purchasing an additional 2,045 shares during the last quarter. ING Groep NV lifted its position in shares of Navios Maritime Partners by 51.7% in the fourth quarter. ING Groep NV now owns 146,500 shares of the shipping company’s stock worth $7,681,000 after buying an additional 49,900 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Navios Maritime Partners by 28.8% during the third quarter. Bank of America Corp DE now owns 117,950 shares of the shipping company’s stock valued at $5,314,000 after buying an additional 26,340 shares during the last quarter. 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.