Navios Maritime Partners LP (NYSE:NMM – Get Free Report) insider Angeliki Frangou purchased 1,188 shares of Navios Maritime Partners stock in a transaction on Friday, April 10th. The shares were acquired at an average cost of $68.94 per share, with a total value of $81,900.72. Following the completion of the transaction, the insider directly owned 4,694,701 shares in the company, valued at $323,652,686.94. The trade was a 0.03% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Angeliki Frangou also recently made the following trade(s):
- On Monday, April 13th, Angeliki Frangou purchased 1,204 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $70.24 per share, with a total value of $84,568.96.
- On Thursday, April 9th, Angeliki Frangou purchased 1,155 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $70.78 per share, with a total value of $81,750.90.
- On Wednesday, April 8th, Angeliki Frangou purchased 1,208 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $71.40 per share, with a total value of $86,251.20.
- On Tuesday, April 7th, Angeliki Frangou bought 1,173 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $70.09 per share, with a total value of $82,215.57.
- On Monday, April 6th, Angeliki Frangou bought 1,200 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $70.47 per share, with a total value of $84,564.00.
- On Thursday, April 2nd, Angeliki Frangou bought 1,229 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $69.46 per share, with a total value of $85,366.34.
- On Wednesday, April 1st, Angeliki Frangou bought 1,234 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $68.21 per share, with a total value of $84,171.14.
- On Monday, March 23rd, Angeliki Frangou bought 1,289 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $64.87 per share, with a total value of $83,617.43.
- On Friday, March 20th, Angeliki Frangou bought 1,247 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $66.71 per share, with a total value of $83,187.37.
- On Thursday, March 19th, Angeliki Frangou bought 1,235 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $67.00 per share, with a total value of $82,745.00.
Navios Maritime Partners Stock Performance
Shares of NYSE:NMM traded up $0.62 during trading on Monday, hitting $69.79. 127,161 shares of the stock traded hands, compared to its average volume of 164,948. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 0.56. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 7.26 and a beta of 1.23. The company has a fifty day moving average price of $66.06 and a two-hundred day moving average price of $56.48. Navios Maritime Partners LP has a 52-week low of $31.13 and a 52-week high of $74.21.
Navios Maritime Partners Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, February 9th. Navios Maritime Partners’s payout ratio is 2.08%.
Wall Street Analyst Weigh In
NMM has been the topic of several recent research reports. Weiss Ratings raised shares of Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, March 17th. Wall Street Zen raised shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Navios Maritime Partners has an average rating of “Buy”.
Institutional Trading of Navios Maritime Partners
Several institutional investors and hedge funds have recently bought and sold shares of the stock. ION Fund Management Ltd purchased a new stake in Navios Maritime Partners during the fourth quarter worth about $24,432,000. Marnell Management LLC purchased a new stake in Navios Maritime Partners during the fourth quarter worth about $5,027,000. ING Groep NV increased its stake in Navios Maritime Partners by 123.6% during the third quarter. ING Groep NV now owns 96,600 shares of the shipping company’s stock worth $4,352,000 after purchasing an additional 53,400 shares during the period. JPMorgan Chase & Co. increased its stake in Navios Maritime Partners by 150.9% during the fourth quarter. JPMorgan Chase & Co. now owns 87,535 shares of the shipping company’s stock worth $4,589,000 after purchasing an additional 52,651 shares during the period. Finally, Millennium Management LLC purchased a new stake in Navios Maritime Partners during the fourth quarter worth about $1,507,000. 62.74% of the stock is currently owned by hedge funds and other institutional investors.
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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