Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Acquires 1,131 Shares of Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou purchased 1,131 shares of the business’s stock in a transaction on Thursday, July 23rd. The stock was bought at an average cost of $74.81 per share, with a total value of $84,610.11. Following the purchase, the insider owned 4,776,699 shares in the company, valued at approximately $357,344,852.19. This represents a 0.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Wednesday, July 22nd, Angeliki Frangou acquired 1,121 shares of Navios Maritime Partners stock. The shares were bought at an average price of $74.07 per share, for a total transaction of $83,032.47.
• On Tuesday, July 21st, Angeliki Frangou acquired 1,149 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $74.03 per share, with a total value of $85,060.47.
• On Monday, July 20th, Angeliki Frangou acquired 1,167 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $72.95 per share, with a total value of $85,132.65.
• On Monday, July 27th, Angeliki Frangou bought 1,053 shares of Navios Maritime Partners stock. The stock was bought at an average price of $77.64 per share, with a total value of $81,754.92.
• On Friday, July 24th, Angeliki Frangou bought 1,084 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $79.02 per share, for a total transaction of $85,657.68.
• On Tuesday, July 14th, Angeliki Frangou purchased 1,105 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $75.58 per share, for a total transaction of $83,515.90.
• On Monday, July 13th, Angeliki Frangou purchased 1,100 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $75.41 per share, with a total value of $82,951.00.
• On Friday, July 10th, Angeliki Frangou purchased 1,129 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $75.36 per share, with a total value of $85,081.44.
• On Thursday, July 9th, Angeliki Frangou acquired 1,099 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $73.74 per share, with a total value of $81,040.26.
• On Wednesday, July 8th, Angeliki Frangou acquired 1,108 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $76.14 per share, with a total value of $84,363.12.

Navios Maritime Partners Price Performance

Shares of Navios Maritime Partners stock opened at $79.20 on Wednesday. The firm has a market capitalization of $2.27 billion, a PE ratio of 6.67 and a beta of 1.00. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.57. Navios Maritime Partners LP has a 12 month low of $40.80 and a 12 month high of $80.97. The business’s 50-day moving average price is $73.12 and its 200-day moving average price is $68.37.

Navios Maritime Partners (NYSE:NMM) last released its 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. The company had revenue of $357.01 million during the quarter, compared to the consensus estimate of $317.80 million. Navios Maritime Partners had a return on equity of 10.48% and a net margin of 25.05%.Navios Maritime Partners’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.58 EPS.

Navios Maritime Partners News Roundup

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

• Positive Sentiment: Angeliki Frangou purchased 6,705 NMM shares across six transactions from July 20 through July 27 for approximately $505,248, at prices ranging from $72.95 to $79.02 per share. The purchases were disclosed in SEC filings. SEC insider ownership filing SEC insider purchase filing
• Positive Sentiment: Following the purchases, Frangou directly owned approximately 4.78 million NMM shares. Repeated buying by a major insider is generally viewed favorably by investors because it indicates the insider is committing additional capital rather than selling into the recent rally.
• Neutral Sentiment: The purchases were individually small—each increased Frangou’s position by only about 0.02%—so the transactions are more of a confidence signal than a material change to Navios Maritime Partners’ financial position. Investors should also weigh shipping-market conditions, vessel rates, leverage and the company’s upcoming operating results.

Hedge Funds Weigh In On Navios Maritime Partners

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in Navios Maritime Partners by 50.9% in the 4th quarter. Royal Bank of Canada now owns 599 shares of the shipping company’s stock worth $32,000 after purchasing an additional 202 shares during the period. Valley Wealth Managers Inc. purchased a new stake in shares of Navios Maritime Partners during the first quarter valued at approximately $63,000. State of Wyoming purchased a new stake in shares of Navios Maritime Partners during the fourth quarter valued at approximately $137,000. Corient Private Wealth LLC bought a new position in shares of Navios Maritime Partners in the fourth quarter worth approximately $207,000. Finally, Mariner LLC bought a new position in shares of Navios Maritime Partners in the fourth quarter worth approximately $208,000. 62.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NMM has been the subject of a number of recent research reports. Jefferies Financial Group started coverage on shares of Navios Maritime Partners in a report on Friday, April 24th. They issued a “buy” rating and a $85.00 price objective for the company. Weiss Ratings lowered shares of Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.