Navios Maritime Partners (NYSE:NMM) Insider Buys $82,918.80 in Stock

Navios Maritime Partners LP (NYSE:NMMGet Free Report) insider Angeliki Frangou purchased 1,116 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of $74.30 per share, for a total transaction of $82,918.80. Following the completion of the purchase, the insider directly owned 4,729,603 shares of the company’s stock, valued at $351,409,502.90. This represents a 0.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Tuesday, May 26th, Angeliki Frangou purchased 1,118 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $73.63 per share, for a total transaction of $82,318.34.
  • On Thursday, May 21st, Angeliki Frangou purchased 1,107 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $77.81 per share, for a total transaction of $86,135.67.
  • On Wednesday, May 20th, Angeliki Frangou purchased 1,113 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $75.48 per share, for a total transaction of $84,009.24.
  • On Tuesday, May 19th, Angeliki Frangou purchased 1,160 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $73.24 per share, for a total transaction of $84,958.40.
  • On Monday, May 18th, Angeliki Frangou purchased 1,163 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $71.85 per share, for a total transaction of $83,561.55.
  • On Friday, May 15th, Angeliki Frangou purchased 1,172 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $70.93 per share, for a total transaction of $83,129.96.
  • On Thursday, May 14th, Angeliki Frangou purchased 1,169 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $71.61 per share, for a total transaction of $83,712.09.
  • On Wednesday, May 13th, Angeliki Frangou purchased 1,134 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $72.69 per share, for a total transaction of $82,430.46.
  • On Tuesday, May 12th, Angeliki Frangou acquired 1,138 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $72.99 per share, with a total value of $83,062.62.
  • On Monday, May 11th, Angeliki Frangou acquired 1,111 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $73.85 per share, with a total value of $82,047.35.

Navios Maritime Partners Trading Down 2.0%

Shares of NMM stock opened at $69.73 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.13 and a current ratio of 1.45. The stock has a market capitalization of $2.00 billion, a P/E ratio of 5.87 and a beta of 1.06. The company has a 50 day moving average price of $70.47 and a 200 day moving average price of $62.15. Navios Maritime Partners LP has a fifty-two week low of $36.62 and a fifty-two week high of $80.69.

Navios Maritime Partners (NYSE:NMMGet Free Report) last announced its quarterly earnings data on Thursday, May 21st. The shipping company reported $3.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.58. The firm 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 business posted $1.58 earnings per share.

Navios Maritime Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were paid a $0.06 dividend. The ex-dividend date was Monday, May 11th. This is an increase from Navios Maritime Partners’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Navios Maritime Partners’s payout ratio is 2.02%.

Institutional Investors Weigh In On Navios Maritime Partners

Several institutional investors have recently modified their holdings of NMM. JPMorgan Chase & Co. lifted its position in shares of Navios Maritime Partners by 64.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 17,844 shares of the shipping company’s stock worth $672,000 after purchasing an additional 7,006 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Navios Maritime Partners during the 2nd quarter worth $580,000. Cerity Partners LLC acquired a new stake in Navios Maritime Partners in the second quarter valued at $212,000. BNP Paribas Financial Markets raised its stake in Navios Maritime Partners by 25.4% in the second quarter. BNP Paribas Financial Markets now owns 7,706 shares of the shipping company’s stock valued at $290,000 after buying an additional 1,559 shares in the last quarter. Finally, Ion Asset Management Ltd. raised its stake in Navios Maritime Partners by 2.2% in the second quarter. Ion Asset Management Ltd. now owns 817,963 shares of the shipping company’s stock valued at $30,821,000 after buying an additional 17,285 shares in the last quarter. 62.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NMM has been the topic of several analyst reports. Weiss Ratings upgraded Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, March 17th. Wall Street Zen upgraded Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Finally, Jefferies Financial Group initiated coverage on Navios Maritime Partners in a research note on Friday, April 24th. They issued a “buy” rating and a $85.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Navios Maritime Partners has a consensus rating of “Buy” and an average target price of $85.00.

Read Our Latest Stock Analysis on NMM

Navios Maritime Partners Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Navios Maritime Partners (NYSE:NMM)

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