Angeliki Frangou Buys 1,190 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou purchased 1,190 shares of the company’s stock in a transaction dated Monday, April 20th. The shares were acquired at an average price of $70.30 per share, with a total value of $83,657.00. Following the transaction, the insider owned 4,701,888 shares in the company, valued at approximately $330,542,726.40. 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 at this hyperlink.

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

• On Friday, April 17th, Angeliki Frangou purchased 1,201 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $70.39 per share, with a total value of $84,538.39.
• On Tuesday, April 14th, Angeliki Frangou purchased 1,192 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $70.39 per share, for a total transaction of $83,904.88.
• On Thursday, April 16th, Angeliki Frangou purchased 1,199 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $69.71 per share, for a total transaction of $83,582.29.
• On Wednesday, April 15th, Angeliki Frangou purchased 1,201 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $70.23 per share, for a total transaction of $84,346.23.
• On Monday, April 13th, Angeliki Frangou purchased 1,204 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $70.24 per share, for a total transaction of $84,568.96.
• On Friday, April 10th, Angeliki Frangou purchased 1,188 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $68.94 per share, for a total transaction of $81,900.72.
• On Thursday, April 9th, Angeliki Frangou purchased 1,155 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $70.78 per share, for a total transaction of $81,750.90.
• On Wednesday, April 8th, Angeliki Frangou bought 1,208 shares of Navios Maritime Partners stock. The stock was purchased at an average price 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 stock was 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 stock was purchased at an average cost of $70.47 per share, with a total value of $84,564.00.

Navios Maritime Partners Stock Up 2.1%

Shares of NMM opened at $70.01 on Thursday. The firm has a market cap of $2.01 billion, a P/E ratio of 7.29 and a beta of 1.23. The stock has a 50 day simple moving average of $67.29 and a two-hundred day simple moving average of $57.57. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.12 and a quick ratio of 1.13. Navios Maritime Partners LP has a 1 year low of $32.39 and a 1 year high of $74.21.

Navios Maritime Partners (NYSE:NMM) last issued its earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.99. The business had revenue of $365.55 million during the quarter, compared to analyst estimates of $316.00 million. Navios Maritime Partners had a return on equity of 9.17% and a net margin of 21.23%.Navios Maritime Partners’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.61 earnings per share.

Navios Maritime Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $0.20 annualized dividend and a yield of 0.3%. Navios Maritime Partners’s dividend payout ratio is currently 2.08%.

Wall Street Analyst Weigh In

Several analysts have issued reports on NMM shares. Wall Street Zen raised Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Weiss Ratings raised Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, March 17th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Navios Maritime Partners presently has an average rating of “Buy”.

Institutional Trading of Navios Maritime Partners

A number of institutional investors have recently made changes to their positions in NMM. JPMorgan Chase & Co. boosted its stake in shares of Navios Maritime Partners by 64.6% during the second quarter. JPMorgan Chase & Co. now owns 17,844 shares of the shipping company’s stock valued at $672,000 after purchasing an additional 7,006 shares during the period. Jump Financial LLC purchased a new stake in shares of Navios Maritime Partners during the second quarter valued at approximately $580,000. Cerity Partners LLC purchased a new stake in shares of Navios Maritime Partners during the second quarter valued at approximately $212,000. BNP Paribas Financial Markets boosted 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 purchasing an additional 1,559 shares during the period. Finally, Ion Asset Management Ltd. boosted 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 purchasing an additional 17,285 shares during the period. Hedge funds and other institutional investors own 62.74% of the company’s stock.

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.