Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Purchases 1,050 Shares of Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou purchased 1,050 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were bought at an average price of $79.09 per share, with a total value of $83,044.50. Following the purchase, the insider owned 4,788,782 shares in the company, valued at $378,744,768.38. 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 acquired 1,062 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $79.16 per share, for a total transaction of $84,067.92.
• On Tuesday, August 11th, Angeliki Frangou acquired 1,057 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $78.40 per share, with a total value of $82,868.80.
• On Friday, August 7th, Angeliki Frangou bought 1,054 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $78.94 per share, with a total value of $83,202.76.
• On Thursday, August 6th, Angeliki Frangou bought 1,063 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $79.53 per share, for a total transaction of $84,540.39.
• On Wednesday, August 5th, Angeliki Frangou purchased 1,064 shares of Navios Maritime Partners stock. The shares were purchased 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 purchased at an average cost of $78.94 per share, with a total value of $82,176.54.
• On Monday, August 3rd, Angeliki Frangou acquired 653 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $79.91 per share, for a total transaction of $52,181.23.
• On Friday, July 31st, Angeliki Frangou acquired 830 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $80.00 per share, for a total transaction of $66,400.00.
• On Thursday, July 30th, Angeliki Frangou acquired 1,068 shares of Navios Maritime Partners stock. The shares were acquired at an average cost 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 price of $78.55 per share, with a total value of $82,556.05.

Navios Maritime Partners Price Performance

Navios Maritime Partners stock traded up $1.37 during midday trading on Wednesday, hitting $79.78. 57,119 shares of the company’s stock were exchanged, compared to its average volume of 109,627. 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 company has a market cap of $2.29 billion, a P/E ratio of 6.72 and a beta of 1.02. The stock has a 50-day moving average price of $74.56 and a two-hundred day moving average price of $70.15.

Navios Maritime Partners (NYSE:NMM) last released its quarterly earnings results on Thursday, May 21st. The shipping company reported $3.35 EPS 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 analysts’ expectations of $317.80 million. Navios Maritime Partners had a net margin of 25.05% and a return on equity of 10.48%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.58 EPS.

Navios Maritime Partners Announces Dividend

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

Analyst Ratings Changes

Several analysts have issued reports on 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. Jefferies Financial Group initiated coverage on shares of Navios Maritime Partners in a research note on Friday, April 24th. They set a “buy” rating and a $85.00 price target on the stock. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $85.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its stake 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 acquiring an additional 202 shares during the last quarter. Raymond James Financial Inc. raised its position in Navios Maritime Partners by 5.6% during the 3rd quarter. Raymond James Financial Inc. now owns 7,192 shares of the shipping company’s stock valued at $324,000 after purchasing an additional 380 shares during the last quarter. Valley Wealth Managers Inc. purchased a new stake in Navios Maritime Partners in the 1st quarter worth approximately $63,000. BNP Paribas Financial Markets grew its position in shares of Navios Maritime Partners by 25.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,706 shares of the shipping company’s stock worth $290,000 after buying an additional 1,559 shares during the last quarter. Finally, State of Wyoming increased its stake in shares of Navios Maritime Partners by 77.8% during the first quarter. State of Wyoming now owns 4,637 shares of the shipping company’s stock valued at $313,000 after buying an additional 2,029 shares during the period. 62.74% of the stock is owned by institutional investors.

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.