Navios Maritime Partners LP (NYSE:NMM – Get Free Report) insider Angeliki Frangou acquired 1,195 shares of the company’s stock in a transaction on Friday, June 26th. The shares were bought at an average price of $69.22 per share, with a total value of $82,717.90. Following the completion of the purchase, the insider directly owned 4,756,211 shares of the company’s stock, valued at approximately $329,224,925.42. This represents a 0.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Angeliki Frangou also recently made the following trade(s):
- On Tuesday, June 30th, Angeliki Frangou bought 1,199 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $69.50 per share, with a total value of $83,330.50.
- On Monday, June 29th, Angeliki Frangou acquired 1,208 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $68.88 per share, with a total value of $83,207.04.
- On Thursday, June 25th, Angeliki Frangou purchased 1,170 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $70.20 per share, with a total value of $82,134.00.
- On Wednesday, June 24th, Angeliki Frangou acquired 1,148 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $71.94 per share, for a total transaction of $82,587.12.
- On Tuesday, June 23rd, Angeliki Frangou bought 1,159 shares of Navios Maritime Partners stock. The shares were bought at an average price of $72.68 per share, for a total transaction of $84,236.12.
- On Monday, June 22nd, Angeliki Frangou acquired 1,187 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $71.39 per share, for a total transaction of $84,739.93.
- On Thursday, June 18th, Angeliki Frangou purchased 1,151 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $71.10 per share, for a total transaction of $81,836.10.
- On Wednesday, June 17th, Angeliki Frangou bought 1,126 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $73.35 per share, for a total transaction of $82,592.10.
- On Tuesday, June 16th, Angeliki Frangou bought 1,119 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $73.63 per share, with a total value of $82,391.97.
- On Monday, June 15th, Angeliki Frangou acquired 1,106 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $74.73 per share, with a total value of $82,651.38.
Navios Maritime Partners Price Performance
Navios Maritime Partners stock opened at $70.26 on Wednesday. The business has a 50-day moving average of $72.00 and a 200-day moving average of $65.11. Navios Maritime Partners LP has a 1 year low of $36.88 and a 1 year high of $80.69. The firm has a market capitalization of $2.01 billion, a P/E ratio of 5.92 and a beta of 1.01. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.57.
Navios Maritime Partners Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were given a $0.06 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. This is a boost from Navios Maritime Partners’s previous quarterly dividend of $0.05. Navios Maritime Partners’s payout ratio is presently 2.02%.
Hedge Funds Weigh In On Navios Maritime Partners
Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew 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 valued at $32,000 after buying an additional 202 shares in the last quarter. Valley Wealth Managers Inc. bought a new stake in Navios Maritime Partners during the first quarter worth $63,000. State of Wyoming acquired a new stake in Navios Maritime Partners in the fourth quarter valued at $137,000. Corient Private Wealth LLC acquired a new stake in Navios Maritime Partners in the fourth quarter valued at $207,000. Finally, Mariner LLC acquired a new stake in Navios Maritime Partners in the fourth quarter valued at $208,000. 62.74% of the stock is owned by institutional investors.
Analysts Set New Price Targets
NMM has been the subject of several recent research reports. Weiss Ratings cut Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. Wall Street Zen upgraded Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. Finally, Jefferies Financial Group started coverage on Navios Maritime Partners in a research report on Friday, April 24th. They issued a “buy” rating and a $85.00 target price on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $85.00.
View Our Latest Analysis on NMM
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.
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