Angeliki Frangou Purchases 1,086 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,086 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were purchased at an average cost of $74.77 per share, with a total value of $81,200.22. Following the acquisition, the insider owned 4,715,921 shares of the company’s stock, valued at approximately $352,609,413.17. This represents a 0.02% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, May 7th, Angeliki Frangou acquired 1,135 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $72.49 per share, for a total transaction of $82,276.15.
• On Tuesday, May 5th, Angeliki Frangou purchased 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 shares were acquired at an average cost of $71.74 per share, with a total value of $83,864.06.
• On Friday, May 1st, Angeliki Frangou purchased 1,155 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $71.08 per share, with a total value of $82,097.40.
• On Thursday, April 30th, Angeliki Frangou acquired 1,176 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $72.03 per share, for a total transaction of $84,707.28.
• On Wednesday, April 29th, Angeliki Frangou purchased 1,159 shares of Navios Maritime Partners stock. The stock was bought 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 shares were purchased at an average cost of $72.08 per share, with a total value of $82,531.60.
• On Monday, April 27th, Angeliki Frangou purchased 1,185 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $71.44 per share, with a total value of $84,656.40.
• On Friday, April 24th, Angeliki Frangou acquired 1,196 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $70.39 per share, for a total transaction of $84,186.44.
• On Thursday, April 23rd, Angeliki Frangou acquired 1,187 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $70.22 per share, for a total transaction of $83,351.14.

Navios Maritime Partners Stock Down 2.0%

NMM traded down $1.48 during trading hours on Thursday, hitting $71.88. 125,370 shares of the company’s stock were exchanged, compared to its average volume of 131,988. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 0.56. Navios Maritime Partners LP has a 1-year low of $35.93 and a 1-year high of $77.90. The stock’s 50-day moving average is $68.61 and its two-hundred day moving average is $59.42. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 7.48 and a beta of 1.06.

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

Navios Maritime Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Monday, May 11th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, May 11th. This is a boost from Navios Maritime Partners’s previous quarterly dividend of $0.05. Navios Maritime Partners’s payout ratio is currently 2.08%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NMM. Royal Bank of Canada raised its holdings in Navios Maritime Partners by 50.9% in the 4th quarter. Royal Bank of Canada now owns 599 shares of the shipping company’s stock valued at $32,000 after acquiring an additional 202 shares during the period. Valley Wealth Managers Inc. acquired a new position in shares of Navios Maritime Partners in the first quarter valued at approximately $63,000. State of Wyoming bought a new position in shares of Navios Maritime Partners during the fourth quarter worth approximately $137,000. Corient Private Wealth LLC bought a new position in shares of Navios Maritime Partners during the fourth quarter worth approximately $207,000. Finally, Mariner LLC acquired a new stake in Navios Maritime Partners during the 4th quarter worth approximately $208,000. Institutional investors and hedge funds own 62.74% of the company’s stock.

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.