Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Purchases 653 Shares of Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou purchased 653 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was bought at an average price of $79.91 per share, for a total transaction of $52,181.23. Following the purchase, the insider owned 4,783,510 shares in the company, valued at approximately $382,250,284.10. This represents a 0.01% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, August 4th, Angeliki Frangou acquired 1,041 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $78.94 per share, with a total value of $82,176.54.
• On Friday, July 31st, Angeliki Frangou acquired 830 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $80.00 per share, with a total value of $66,400.00.
• On Thursday, July 30th, Angeliki Frangou bought 1,068 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $78.37 per share, for a total transaction of $83,699.16.
• On Wednesday, July 29th, Angeliki Frangou bought 1,051 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $78.55 per share, for a total transaction of $82,556.05.
• On Tuesday, July 28th, Angeliki Frangou bought 1,072 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $78.59 per share, for a total transaction of $84,248.48.
• On Wednesday, July 22nd, Angeliki Frangou purchased 1,121 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $74.07 per share, with a total value of $83,032.47.
• On Tuesday, July 21st, Angeliki Frangou purchased 1,149 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $74.03 per share, with a total value of $85,060.47.
• On Monday, July 20th, Angeliki Frangou purchased 1,167 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $72.95 per share, with a total value of $85,132.65.
• On Monday, July 27th, Angeliki Frangou acquired 1,053 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $77.64 per share, for a total transaction of $81,754.92.
• On Friday, July 24th, Angeliki Frangou acquired 1,084 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $79.02 per share, for a total transaction of $85,657.68.

Navios Maritime Partners Stock Down 3.3%

Shares of NMM opened at $78.45 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 6.61 and a beta of 1.02. Navios Maritime Partners LP has a 1 year low of $42.77 and a 1 year high of $82.84. The business’s 50 day simple moving average is $73.62 and its 200-day simple moving average is $69.20.

Navios Maritime Partners (NYSE:NMM) last posted its earnings results 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. 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 during the quarter, compared to analyst estimates of $317.80 million. During the same period last year, the firm posted $1.58 earnings per share. Navios Maritime Partners’s revenue for the quarter was up 17.4% compared to the same quarter last year.

Navios Maritime Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, August 10th. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 2.02%.

Institutional Trading of Navios Maritime Partners

Several hedge funds and other institutional investors have recently bought and sold shares of NMM. ION Fund Management Ltd bought a new stake in Navios Maritime Partners in the fourth quarter worth $24,432,000. Walleye Capital LLC increased its position in Navios Maritime Partners by 45,274.3% during the first quarter. Walleye Capital LLC now owns 149,527 shares of the shipping company’s stock valued at $10,090,000 after acquiring an additional 149,858 shares during the last quarter. Marnell Management LLC bought a new position in Navios Maritime Partners during the fourth quarter valued at $5,027,000. Bank of America Corp DE increased its position in Navios Maritime Partners by 57.6% during the first quarter. Bank of America Corp DE now owns 199,141 shares of the shipping company’s stock valued at $13,438,000 after acquiring an additional 72,754 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Navios Maritime Partners by 150.9% in the fourth quarter. JPMorgan Chase & Co. now owns 87,535 shares of the shipping company’s stock valued at $4,589,000 after acquiring an additional 52,651 shares during the period. Hedge funds and other institutional investors own 62.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NMM shares. Weiss Ratings downgraded shares of Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Jefferies Financial Group began coverage on shares of Navios Maritime Partners in a report on Friday, April 24th. They issued a “buy” rating and a $85.00 price target for the company. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

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.