Angeliki Frangou Purchases 1,057 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,057 shares of Navios Maritime Partners stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of $78.40 per share, with a total value of $82,868.80. Following the transaction, the insider directly owned 4,789,839 shares in the company, valued at approximately $375,523,377.60. This trade represents a 0.02% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, August 12th, Angeliki Frangou bought 1,062 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $79.16 per share, with a total value of $84,067.92.
• On Monday, August 10th, Angeliki Frangou bought 1,050 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $79.09 per share, with a total value of $83,044.50.
• On Friday, August 7th, Angeliki Frangou acquired 1,054 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $78.94 per share, with a total value of $83,202.76.
• On Thursday, August 6th, Angeliki Frangou purchased 1,063 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $79.53 per share, for a total transaction of $84,540.39.
• On Wednesday, August 5th, Angeliki Frangou purchased 1,064 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $78.41 per share, with a total value of $83,428.24.
• On Tuesday, August 4th, Angeliki Frangou acquired 1,041 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $78.94 per share, for a total transaction of $82,176.54.
• On Monday, August 3rd, Angeliki Frangou bought 653 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $79.91 per share, for a total transaction of $52,181.23.
• On Friday, July 31st, Angeliki Frangou bought 830 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $80.00 per share, with a total value of $66,400.00.
• On Thursday, July 30th, Angeliki Frangou acquired 1,068 shares of Navios Maritime Partners stock. The stock was bought at an average price of $78.37 per share, with a total value of $83,699.16.
• On Wednesday, July 29th, Angeliki Frangou bought 1,051 shares of Navios Maritime Partners stock. The shares were bought at an average price of $78.55 per share, for a total transaction of $82,556.05.

Navios Maritime Partners Price Performance

Shares of NMM traded up $1.37 during mid-day trading on Wednesday, hitting $79.78. 57,119 shares of the company traded hands, compared to its average volume of 109,627. The business has a 50-day moving average of $74.56 and a 200 day moving average of $70.15. Navios Maritime Partners LP has a one year low of $42.77 and a one year high of $82.84. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 6.72 and a beta of 1.02.

Navios Maritime Partners (NYSE:NMM) last posted its quarterly earnings results on Thursday, May 21st. The shipping company reported $3.35 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $357.01 million during the quarter, compared to the consensus estimate of $317.80 million. During the same period in the previous year, the firm posted $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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, August 10th. Navios Maritime Partners’s dividend payout ratio is presently 2.02%.

Hedge Funds Weigh In On Navios Maritime Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. ION Fund Management Ltd bought a new position in shares of Navios Maritime Partners during the fourth quarter worth approximately $24,432,000. Walleye Capital LLC raised its position in shares of Navios Maritime Partners by 45,274.3% in the 1st quarter. Walleye Capital LLC now owns 149,527 shares of the shipping company’s stock valued at $10,090,000 after buying an additional 149,858 shares in the last quarter. Marnell Management LLC bought a new position in shares of Navios Maritime Partners in the 4th quarter valued at $5,027,000. Bank of America Corp DE raised its stake in Navios Maritime Partners by 57.6% during the first quarter. Bank of America Corp DE now owns 199,141 shares of the shipping company’s stock worth $13,438,000 after acquiring an additional 72,754 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Navios Maritime Partners by 150.9% in the 4th quarter. JPMorgan Chase & Co. now owns 87,535 shares of the shipping company’s stock valued at $4,589,000 after purchasing an additional 52,651 shares during the last quarter. Institutional investors own 62.74% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NMM shares. 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. Jefferies Financial Group initiated coverage on shares of Navios Maritime Partners in a research note on Friday, April 24th. They issued a “buy” rating and a $85.00 target price for the company. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.