Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Purchases 1,062 Shares

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou purchased 1,062 shares of the stock in a transaction on Wednesday, August 12th. The stock was acquired at an average cost of $79.16 per share, with a total value of $84,067.92. Following the completion of the purchase, the insider directly owned 4,790,901 shares of the company’s stock, valued at $379,247,723.16. The trade was a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, August 11th, Angeliki Frangou acquired 1,057 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $78.40 per share, for a total transaction of $82,868.80.
• On Monday, August 10th, Angeliki Frangou acquired 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 bought 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 bought 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 purchased 1,064 shares of Navios Maritime Partners stock. The shares were bought at an average price of $78.41 per share, for a total transaction of $83,428.24.
• On Tuesday, August 4th, Angeliki Frangou purchased 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 acquired 653 shares of Navios Maritime Partners stock. The stock was bought at an average price of $79.91 per share, with a total value of $52,181.23.
• On Friday, July 31st, Angeliki Frangou acquired 830 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $80.00 per share, with a total value of $66,400.00.
• On Thursday, July 30th, Angeliki Frangou bought 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 bought 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 1.7%

NYSE:NMM opened at $79.78 on Thursday. The company has a fifty day moving average of $74.56 and a 200 day moving average of $70.15. Navios Maritime Partners LP has a 52 week low of $42.77 and a 52 week high of $82.84. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $2.29 billion, a P/E ratio of 6.72 and a beta of 1.02.

Navios Maritime Partners (NYSE:NMM) last announced its quarterly 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 business 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%. The company’s revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.58 EPS.

Navios Maritime Partners Dividend Announcement

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

Hedge Funds Weigh In On Navios Maritime Partners

A number of institutional investors have recently added to or reduced their stakes in NMM. Sei Investments Co. bought a new stake in Navios Maritime Partners during the first quarter worth about $1,889,000. Marnell Management LLC bought a new position in shares of Navios Maritime Partners during the fourth quarter valued at approximately $5,027,000. ING Groep NV increased its stake in shares of Navios Maritime Partners by 51.7% during the fourth quarter. ING Groep NV now owns 146,500 shares of the shipping company’s stock valued at $7,681,000 after purchasing an additional 49,900 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Navios Maritime Partners during the first quarter valued at approximately $622,000. Finally, Bank of America Corp DE lifted its holdings in shares of Navios Maritime Partners by 57.6% during the first quarter. Bank of America Corp DE now owns 199,141 shares of the shipping company’s stock valued at $13,438,000 after purchasing an additional 72,754 shares during the last quarter. Institutional investors own 62.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings lowered Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. Jefferies Financial Group assumed coverage on shares of Navios Maritime Partners in a report on Friday, April 24th. They issued a “buy” rating and a $85.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Navios Maritime Partners presently has a consensus rating of “Moderate Buy” and a consensus price target 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.