Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Purchases 1,167 Shares

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou bought 1,167 shares of the business’s stock in a transaction dated Monday, July 20th. The shares were acquired at an average cost of $72.95 per share, for a total transaction of $85,132.65. Following the transaction, the insider directly owned 4,773,298 shares in the company, valued at approximately $348,212,089.10. This represents a 0.02% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Wednesday, July 22nd, Angeliki Frangou acquired 1,121 shares of Navios Maritime Partners stock. The shares were bought at an average price of $74.07 per share, with a total value of $83,032.47.
• On Tuesday, July 21st, Angeliki Frangou bought 1,149 shares of Navios Maritime Partners stock. The stock was bought at an average price of $74.03 per share, for a total transaction of $85,060.47.
• On Monday, July 27th, Angeliki Frangou acquired 1,053 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $77.64 per share, with a total value of $81,754.92.
• On Friday, July 24th, Angeliki Frangou purchased 1,084 shares of Navios Maritime Partners stock. The shares were bought at an average price of $79.02 per share, with a total value of $85,657.68.
• On Thursday, July 23rd, Angeliki Frangou bought 1,131 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $74.81 per share, for a total transaction of $84,610.11.
• On Tuesday, July 14th, Angeliki Frangou acquired 1,105 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $75.58 per share, for a total transaction of $83,515.90.
• On Monday, July 13th, Angeliki Frangou purchased 1,100 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $75.41 per share, for a total transaction of $82,951.00.
• On Friday, July 10th, Angeliki Frangou bought 1,129 shares of Navios Maritime Partners stock. The shares were bought at an average price of $75.36 per share, for a total transaction of $85,081.44.
• On Thursday, July 9th, Angeliki Frangou bought 1,099 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $73.74 per share, for a total transaction of $81,040.26.
• On Wednesday, July 8th, Angeliki Frangou purchased 1,108 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $76.14 per share, for a total transaction of $84,363.12.

Navios Maritime Partners Stock Performance

Shares of NYSE NMM opened at $79.20 on Wednesday. The company has a 50-day simple moving average of $73.12 and a 200-day simple moving average of $68.37. 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 company has a market cap of $2.27 billion, a PE ratio of 6.67 and a beta of 1.00. Navios Maritime Partners LP has a 12 month low of $40.80 and a 12 month high of $80.97.

Navios Maritime Partners (NYSE:NMM) last announced its earnings results on Thursday, May 21st. The shipping company reported $3.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.58. The firm had revenue of $357.01 million for the quarter, compared to analyst estimates 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 revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.58 earnings per share.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in 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 acquiring an additional 202 shares during the last quarter. Valley Wealth Managers Inc. acquired a new stake in Navios Maritime Partners during the first quarter worth about $63,000. State of Wyoming purchased a new position in shares of Navios Maritime Partners in the 4th quarter worth about $137,000. Corient Private Wealth LLC purchased a new position in shares of Navios Maritime Partners in the 4th quarter worth about $207,000. Finally, Mariner LLC acquired a new position in shares of Navios Maritime Partners in the 4th quarter valued at about $208,000. Institutional investors and hedge funds own 62.74% of the company’s stock.

Navios Maritime Partners News Summary

Here are the key news stories impacting Navios Maritime Partners this week:

• Positive Sentiment: Angeliki Frangou purchased 6,705 NMM shares across six transactions from July 20 through July 27 for approximately $505,248, at prices ranging from $72.95 to $79.02 per share. The purchases were disclosed in SEC filings. SEC insider ownership filing SEC insider purchase filing
• Positive Sentiment: Following the purchases, Frangou directly owned approximately 4.78 million NMM shares. Repeated buying by a major insider is generally viewed favorably by investors because it indicates the insider is committing additional capital rather than selling into the recent rally.
• Neutral Sentiment: The purchases were individually small—each increased Frangou’s position by only about 0.02%—so the transactions are more of a confidence signal than a material change to Navios Maritime Partners’ financial position. Investors should also weigh shipping-market conditions, vessel rates, leverage and the company’s upcoming operating results.

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.