Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Buys 1,166 Shares of Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou bought 1,166 shares of the stock in a transaction on Thursday, June 4th. The stock was bought at an average price of $71.77 per share, for a total transaction of $83,683.82. Following the completion of the purchase, the insider directly owned 4,738,902 shares in the company, valued at approximately $340,110,996.54. The trade was a 0.02% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, June 8th, Angeliki Frangou acquired 1,162 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $71.02 per share, for a total transaction of $82,525.24.
• On Friday, June 5th, Angeliki Frangou acquired 1,167 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $71.66 per share, for a total transaction of $83,627.22.
• On Wednesday, June 3rd, Angeliki Frangou acquired 1,156 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $72.14 per share, with a total value of $83,393.84.
• On Tuesday, June 2nd, Angeliki Frangou bought 1,158 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $72.25 per share, with a total value of $83,665.50.
• On Monday, June 1st, Angeliki Frangou bought 1,203 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $71.36 per share, for a total transaction of $85,846.08.
• On Friday, May 29th, Angeliki Frangou purchased 1,196 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $69.57 per share, for a total transaction of $83,205.72.
• On Thursday, May 28th, Angeliki Frangou purchased 1,170 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $70.65 per share, for a total transaction of $82,660.50.
• On Wednesday, May 27th, Angeliki Frangou purchased 1,132 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $72.61 per share, with a total value of $82,194.52.
• On Tuesday, May 26th, Angeliki Frangou acquired 1,118 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $73.63 per share, with a total value of $82,318.34.
• On Friday, May 22nd, Angeliki Frangou acquired 1,116 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $74.30 per share, for a total transaction of $82,918.80.

Navios Maritime Partners Stock Performance

NYSE NMM opened at $71.13 on Tuesday. 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 business’s 50 day moving average is $71.13 and its two-hundred day moving average is $63.10. Navios Maritime Partners LP has a 12-month low of $36.62 and a 12-month high of $80.69. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 5.99 and a beta of 1.02.

Navios Maritime Partners (NYSE:NMM) last issued its earnings results on Thursday, May 21st. The shipping company reported $3.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.58. Navios Maritime Partners had a return on equity of 10.48% and a net margin of 25.05%.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 prior year, the business posted $1.58 EPS. The company’s revenue for the quarter was up 17.4% on a year-over-year basis.

Navios Maritime Partners Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group started coverage on shares of Navios Maritime Partners in a research note on Friday, April 24th. They set a “buy” rating and a $85.00 price target on the stock. Wall Street Zen upgraded shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Finally, Weiss Ratings downgraded shares of Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Navios Maritime Partners presently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Hedge Funds Weigh In On Navios Maritime Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ION Fund Management Ltd acquired a new stake in Navios Maritime Partners during the 4th quarter valued at $24,432,000. Walleye Capital LLC raised its holdings in shares of Navios Maritime Partners by 45,274.3% in the first quarter. Walleye Capital LLC now owns 149,527 shares of the shipping company’s stock worth $10,090,000 after acquiring an additional 149,858 shares during the last quarter. Marnell Management LLC purchased a new stake in shares of Navios Maritime Partners in the fourth quarter valued at $5,027,000. Bank of America Corp DE lifted its position in shares of Navios Maritime Partners by 57.6% in the first quarter. Bank of America Corp DE now owns 199,141 shares of the shipping company’s stock valued at $13,438,000 after acquiring an additional 72,754 shares in the last quarter. Finally, ING Groep NV boosted its stake in shares of Navios Maritime Partners by 123.6% during the third quarter. ING Groep NV now owns 96,600 shares of the shipping company’s stock valued at $4,352,000 after acquiring an additional 53,400 shares during the last quarter. Institutional investors and hedge funds own 62.74% of the company’s stock.

About Navios Maritime Partners

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.