Angeliki Frangou Purchases 1,057 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou bought 1,057 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of $78.40 per share, with a total value of $82,868.80. Following the completion of the transaction, the insider owned 4,789,839 shares in the company, valued at $375,523,377.60. The trade was a 0.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Wednesday, August 12th, Angeliki Frangou purchased 1,062 shares of Navios Maritime Partners stock. The stock was bought at an average price of $79.16 per share, for a total transaction of $84,067.92.
• On Monday, August 10th, Angeliki Frangou purchased 1,050 shares of Navios Maritime Partners stock. The stock was bought at an average price of $79.09 per share, for a total transaction of $83,044.50.
• On Friday, August 7th, Angeliki Frangou purchased 1,054 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $78.94 per share, with a total value of $83,202.76.
• On Thursday, August 6th, Angeliki Frangou acquired 1,063 shares of Navios Maritime Partners stock. The shares were bought at an average price of $79.53 per share, with a total value of $84,540.39.
• On Wednesday, August 5th, Angeliki Frangou acquired 1,064 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $78.41 per share, for a total transaction of $83,428.24.
• On Tuesday, August 4th, Angeliki Frangou acquired 1,041 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $78.94 per share, for a total transaction of $82,176.54.
• On Monday, August 3rd, Angeliki Frangou bought 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 purchased at an average price of $80.00 per share, with a total value of $66,400.00.
• On Thursday, July 30th, Angeliki Frangou purchased 1,068 shares of Navios Maritime Partners stock. The stock was purchased 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 purchased at an average cost of $78.55 per share, for a total transaction of $82,556.05.

Navios Maritime Partners Trading Up 1.9%

NYSE:NMM opened at $81.16 on Friday. Navios Maritime Partners LP has a 52 week low of $42.77 and a 52 week high of $82.84. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.45 and a current ratio of 1.45. The firm’s fifty day moving average is $74.75 and its 200-day moving average is $70.32. The firm has a market cap of $2.33 billion, a P/E ratio of 6.84 and a beta of 1.02.

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

Navios Maritime Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were given a $0.06 dividend. The ex-dividend date of this dividend 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 2.02%.

Institutional Investors Weigh In On Navios Maritime Partners

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in shares of 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 period. Valley Wealth Managers Inc. acquired 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 shares of Navios Maritime Partners in the 4th quarter valued at about $137,000. Corient Private Wealth LLC bought a new stake in Navios Maritime Partners in the 4th quarter valued at about $207,000. Finally, Mariner LLC bought a new stake in Navios Maritime Partners in the 4th quarter valued at about $208,000. 62.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NMM has been the subject of several recent analyst reports. Jefferies Financial Group began coverage on Navios Maritime Partners in a research note on Friday, April 24th. They set a “buy” rating and a $85.00 target price for the company. Weiss Ratings lowered Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.