Angeliki Frangou Buys 1,084 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou purchased 1,084 shares of the stock in a transaction on Friday, July 24th. The shares were acquired at an average cost of $79.02 per share, with a total value of $85,657.68. Following the transaction, the insider directly owned 4,777,783 shares in the company, valued at $377,540,412.66. The trade was a 0.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, July 27th, Angeliki Frangou acquired 1,053 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $77.64 per share, for a total transaction of $81,754.92.
• On Thursday, July 23rd, Angeliki Frangou purchased 1,131 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $74.81 per share, with a total value of $84,610.11.
• On Tuesday, July 14th, Angeliki Frangou acquired 1,105 shares of Navios Maritime Partners stock. The stock was bought at an average price of $75.58 per share, with a total value of $83,515.90.
• On Monday, July 13th, Angeliki Frangou bought 1,100 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $75.41 per share, for a total transaction of $82,951.00.
• On Friday, July 10th, Angeliki Frangou bought 1,129 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $75.36 per share, with a total value of $85,081.44.
• On Thursday, July 9th, Angeliki Frangou acquired 1,099 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $73.74 per share, with a total value of $81,040.26.
• On Wednesday, July 8th, Angeliki Frangou acquired 1,108 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $76.14 per share, with a total value of $84,363.12.
• On Tuesday, July 7th, Angeliki Frangou bought 1,113 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $75.12 per share, for a total transaction of $83,608.56.
• On Monday, July 6th, Angeliki Frangou purchased 1,149 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $74.48 per share, with a total value of $85,577.52.
• On Thursday, July 2nd, Angeliki Frangou acquired 1,173 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $73.05 per share, for a total transaction of $85,687.65.

Navios Maritime Partners Stock Up 1.7%

Shares of NYSE NMM traded up $1.29 on Tuesday, reaching $79.00. 29,968 shares of the company’s stock traded hands, compared to its average volume of 145,625. Navios Maritime Partners LP has a 12 month low of $40.80 and a 12 month high of $80.97. The business’s 50 day simple moving average is $73.03 and its two-hundred day simple moving average is $68.21. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 6.68 and a beta of 1.00. 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 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 firm had revenue of $357.01 million for the quarter, compared to analysts’ expectations of $317.80 million. Navios Maritime Partners had a return on equity of 10.48% and a net margin of 25.05%.The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.58 EPS.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in Navios Maritime Partners by 50.9% in the 4th quarter. Royal Bank of Canada now owns 599 shares of the shipping company’s stock worth $32,000 after acquiring an additional 202 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in shares of Navios Maritime Partners in the first quarter worth approximately $63,000. State of Wyoming purchased a new stake in shares of Navios Maritime Partners in the fourth quarter worth $137,000. Corient Private Wealth LLC purchased a new stake in shares of Navios Maritime Partners in the fourth quarter worth $207,000. Finally, Mariner LLC bought a new stake in shares of Navios Maritime Partners during the 4th quarter valued at $208,000. 62.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. Jefferies Financial Group began coverage on shares of Navios Maritime Partners in a research report on Friday, April 24th. They set a “buy” rating and a $85.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average 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.