Angeliki Frangou Buys 1,151 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,151 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were bought at an average cost of $71.10 per share, for a total transaction of $81,836.10. Following the completion of the acquisition, the insider directly owned 4,750,352 shares of the company’s stock, valued at approximately $337,750,027.20. This represents a 0.02% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, June 22nd, Angeliki Frangou bought 1,187 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $71.39 per share, with a total value of $84,739.93.
• On Wednesday, June 17th, Angeliki Frangou bought 1,126 shares of Navios Maritime Partners stock. The shares were bought at an average price of $73.35 per share, with a total value of $82,592.10.
• On Tuesday, June 16th, Angeliki Frangou purchased 1,119 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $73.63 per share, for a total transaction of $82,391.97.
• On Monday, June 15th, Angeliki Frangou purchased 1,106 shares of Navios Maritime Partners stock. The stock was bought at an average price of $74.73 per share, for a total transaction of $82,651.38.
• On Friday, June 12th, Angeliki Frangou acquired 1,135 shares of Navios Maritime Partners stock. The shares were bought at an average price of $74.19 per share, with a total value of $84,205.65.
• On Thursday, June 11th, Angeliki Frangou acquired 1,155 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $73.34 per share, with a total value of $84,707.70.
• On Wednesday, June 10th, Angeliki Frangou bought 1,154 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $72.18 per share, for a total transaction of $83,295.72.
• On Tuesday, June 9th, Angeliki Frangou bought 1,175 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $72.09 per share, for a total transaction of $84,705.75.
• On Monday, June 8th, Angeliki Frangou bought 1,162 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $71.02 per share, for a total transaction of $82,525.24.
• On Friday, June 5th, Angeliki Frangou bought 1,167 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $71.66 per share, with a total value of $83,627.22.

Navios Maritime Partners Trading Up 0.9%

Shares of NMM stock opened at $72.46 on Wednesday. Navios Maritime Partners LP has a 12-month low of $36.62 and a 12-month high of $80.69. The company has a market capitalization of $2.08 billion, a P/E ratio of 6.10 and a beta of 1.01. The firm has a 50-day moving average price of $71.97 and a 200 day moving average price of $64.56. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.57.

Navios Maritime Partners (NYSE:NMM) last issued its quarterly earnings data on Thursday, May 21st. The shipping company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.58. The firm had revenue of $357.01 million for 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 company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.58 earnings per share.

Navios Maritime Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were given a dividend of $0.06 per share. This is a boost from Navios Maritime Partners’s previous quarterly dividend of $0.05. The ex-dividend date was Monday, May 11th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Navios Maritime Partners’s dividend payout ratio is currently 2.02%.

More Navios Maritime Partners News

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

• Positive Sentiment: Insider and CEO Angeliki Frangou bought 1,151 shares at an average price of $71.10, adding to a string of recent open-market purchases. Article Title
• Positive Sentiment: Frangou also bought 1,187 shares at $71.39 and 1,126 shares at $73.35 in prior transactions, signaling ongoing insider confidence in Navios Maritime Partners’ outlook.
• Neutral Sentiment: The company’s recent operating performance remains solid, with the latest quarter beating EPS and revenue estimates and posting year-over-year revenue growth, supporting a generally constructive view on the stock.
• Neutral Sentiment: Navios Maritime Partners recently raised its quarterly dividend, and analysts still carry a consensus “Moderate Buy” rating with an $85 target price, though one rating was recently cut to Hold.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

NMM has been the subject of several research analyst reports. Jefferies Financial Group assumed coverage on Navios Maritime Partners in a research report on Friday, April 24th. They issued a “buy” rating and a $85.00 price objective for the company. 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, Weiss Ratings cut Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $85.00.

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.