Insider Buying: Navios Maritime Partners (NYSE:NMM) Insider Purchases $82,868.80 in Stock

Navios Maritime Partners LP (NYSE:NMMGet Free Report) insider Angeliki Frangou acquired 1,057 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of $78.40 per share, with a total value of $82,868.80. Following the completion of the acquisition, the insider directly owned 4,789,839 shares of the company’s stock, valued at $375,523,377.60. 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 accessible through this link.

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

  • On Wednesday, August 12th, Angeliki Frangou acquired 1,062 shares of Navios Maritime Partners stock. The shares were bought at an average price of $79.16 per share, for a total transaction of $84,067.92.
  • On Monday, August 10th, Angeliki Frangou bought 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 stock was bought at an average cost of $79.53 per share, with a total value of $84,540.39.
  • On Wednesday, August 5th, Angeliki Frangou bought 1,064 shares of Navios Maritime Partners stock. The shares were bought at an average price of $78.41 per share, with a total value of $83,428.24.
  • On Tuesday, August 4th, Angeliki Frangou purchased 1,041 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $78.94 per share, for a total transaction of $82,176.54.
  • On Monday, August 3rd, Angeliki Frangou purchased 653 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $79.91 per share, for a total transaction of $52,181.23.
  • On Friday, July 31st, Angeliki Frangou purchased 830 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $80.00 per share, for a total transaction of $66,400.00.
  • On Thursday, July 30th, Angeliki Frangou acquired 1,068 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $78.37 per share, with a total value of $83,699.16.
  • On Wednesday, July 29th, Angeliki Frangou acquired 1,051 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $78.55 per share, with a total value of $82,556.05.

Navios Maritime Partners Stock Up 0.7%

Navios Maritime Partners stock opened at $81.82 on Friday. Navios Maritime Partners LP has a one year low of $42.77 and a one year high of $82.84. The stock has a fifty day moving average of $74.96 and a 200 day moving average of $70.40. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market cap of $2.35 billion, a PE ratio of 6.89 and a beta of 1.02.

Navios Maritime Partners (NYSE:NMMGet Free Report) last announced its earnings results on Thursday, May 21st. The shipping company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.58. The business 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% on a year-over-year basis. During the same period last year, the firm posted $1.58 earnings per share.

Navios Maritime Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Navios Maritime Partners’s dividend payout ratio is 2.02%.

Analysts Set New Price Targets

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

Check Out Our Latest Report on Navios Maritime Partners

Institutional Trading of Navios Maritime Partners

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in Navios Maritime Partners by 50.9% in the fourth quarter. Royal Bank of Canada now owns 599 shares of the shipping company’s stock worth $32,000 after buying 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 about $63,000. State of Wyoming purchased a new position in shares of Navios Maritime Partners during the 4th quarter valued at about $137,000. Corient Private Wealth LLC purchased a new position in shares of Navios Maritime Partners during the 4th quarter valued at about $207,000. Finally, Mariner LLC bought a new position in shares of Navios Maritime Partners during the 4th quarter valued at approximately $208,000. Institutional investors own 62.74% of the company’s stock.

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.

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