Angeliki Frangou Purchases 1,116 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou bought 1,116 shares of the stock in a transaction on Friday, May 22nd. The shares were bought at an average cost of $74.30 per share, for a total transaction of $82,918.80. Following the purchase, the insider owned 4,729,603 shares in the company, valued at $351,409,502.90. This trade represents a 0.02% increase in their position. The purchase was disclosed in a legal filing 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 stock was bought at an average cost of $73.63 per share, with a total value of $82,318.34.
• On Thursday, May 21st, Angeliki Frangou acquired 1,107 shares of Navios Maritime Partners stock. The stock was bought at an average price of $77.81 per share, with a total value of $86,135.67.
• On Wednesday, May 20th, Angeliki Frangou acquired 1,113 shares of Navios Maritime Partners stock. The shares were bought at an average price of $75.48 per share, for a total transaction of $84,009.24.
• On Tuesday, May 19th, Angeliki Frangou bought 1,160 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $73.24 per share, for a total transaction of $84,958.40.
• On Monday, May 18th, Angeliki Frangou bought 1,163 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $71.85 per share, with a total value 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 cost of $70.93 per share, with a total value 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 purchased at an average cost of $72.99 per share, for a total transaction of $83,062.62.
• On Monday, May 11th, Angeliki Frangou acquired 1,111 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $73.85 per share, with a total value of $82,047.35.

Navios Maritime Partners Trading Down 3.3%

Shares of NMM stock opened at $71.18 on Thursday. The stock has a 50-day simple moving average of $70.38 and a 200 day simple moving average of $62.00. The stock has a market capitalization of $2.04 billion, a P/E ratio of 6.00 and a beta of 1.06. Navios Maritime Partners LP has a fifty-two week low of $36.62 and a fifty-two week high of $80.69. The company has a quick ratio of 1.13, 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 the consensus estimate of $2.77 by $0.58. Navios Maritime Partners had a net margin of 25.05% and a return on equity of 10.48%. The firm had revenue of $357.01 million for the quarter, compared to analysts’ expectations of $317.80 million. During the same period in the previous year, the business earned $1.58 earnings per share. Navios Maritime Partners’s revenue for the quarter was up 17.4% compared to the same quarter last year.

Navios Maritime Partners Increases Dividend

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

Key Headlines Impacting Navios Maritime Partners

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

• Positive Sentiment: Angeliki Frangou bought 1,118 more shares of Navios Maritime Partners, reinforcing a recent trend of repeated insider buying that can signal management’s confidence in the stock’s value. Article Title
• Positive Sentiment: Navios Maritime Partners completed a $30 million senior unsecured bond tap issue due in 2030, boosting liquidity and financial flexibility for general corporate purposes. Article Title
• Neutral Sentiment: Recent coverage noted that Navios Maritime Partners’ diversified shipping exposure supports stability, but valuation looks fair, which may limit upside enthusiasm near term. Article Title
• Neutral Sentiment: The company’s latest earnings were solid, with EPS and revenue both beating expectations, but that report is already being digested by the market and is less of a fresh driver today. Article Title

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NMM shares. Weiss Ratings upgraded shares of Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, March 17th. Jefferies Financial Group assumed coverage on Navios Maritime Partners in a report on Friday, April 24th. They issued a “buy” rating and a $85.00 price target on the stock. Finally, Wall Street Zen upgraded Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $85.00.

Institutional Trading of Navios Maritime Partners

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in Navios Maritime Partners by 50.9% during the fourth quarter. Royal Bank of Canada now owns 599 shares of the shipping company’s stock valued at $32,000 after buying an additional 202 shares in the last quarter. Valley Wealth Managers Inc. acquired 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 in the fourth quarter worth approximately $137,000. Corient Private Wealth LLC purchased a new position in shares of Navios Maritime Partners in the fourth quarter worth approximately $207,000. Finally, Mariner LLC acquired a new stake in shares of Navios Maritime Partners during the fourth quarter valued at approximately $208,000. Institutional investors and hedge funds 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.