Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Purchases 1,050 Shares of Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,050 shares of the business’s stock in a transaction on Monday, August 10th. The stock was acquired at an average cost of $79.09 per share, for a total transaction of $83,044.50. Following the transaction, the insider directly owned 4,788,782 shares in the company, valued at $378,744,768.38. The trade was a 0.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 acquired at an average price of $79.16 per share, for a total transaction of $84,067.92.
• On Tuesday, August 11th, Angeliki Frangou bought 1,057 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $78.40 per share, with a total value of $82,868.80.
• On Friday, August 7th, Angeliki Frangou bought 1,054 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $78.94 per share, with a total value of $83,202.76.
• On Thursday, August 6th, Angeliki Frangou bought 1,063 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $79.53 per share, with a total value of $84,540.39.
• On Wednesday, August 5th, Angeliki Frangou purchased 1,064 shares of Navios Maritime Partners stock. The stock was bought at an average price of $78.41 per share, for a total transaction of $83,428.24.
• On Tuesday, August 4th, Angeliki Frangou purchased 1,041 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $78.94 per share, for a total transaction of $82,176.54.
• On Monday, August 3rd, Angeliki Frangou acquired 653 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $79.91 per share, with a total value of $52,181.23.
• On Friday, July 31st, Angeliki Frangou bought 830 shares of Navios Maritime Partners stock. The stock was bought at an average price of $80.00 per share, for a total transaction of $66,400.00.
• On Thursday, July 30th, Angeliki Frangou bought 1,068 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $78.37 per share, for a total transaction of $83,699.16.
• On Wednesday, July 29th, Angeliki Frangou purchased 1,051 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $78.55 per share, with a total value of $82,556.05.

Navios Maritime Partners Stock Up 1.7%

Shares of NYSE NMM opened at $79.78 on Thursday. Navios Maritime Partners LP has a 52-week low of $42.77 and a 52-week high of $82.84. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 6.72 and a beta of 1.02. The stock has a 50 day moving average price of $74.56 and a 200 day moving average price of $70.15. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.45 and a current ratio of 1.45.

Navios Maritime Partners (NYSE:NMM) last issued its earnings results on Thursday, May 21st. The shipping company reported $3.35 earnings per share for the quarter, beating 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 analyst estimates of $317.80 million. During the same period in the previous year, the company posted $1.58 EPS. Navios Maritime Partners’s revenue was up 17.4% on a year-over-year basis.

Navios Maritime Partners Announces Dividend

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

Institutional Trading of Navios Maritime Partners

Several large investors have recently bought and sold shares of NMM. JPMorgan Chase & Co. raised its holdings in shares of Navios Maritime Partners by 64.6% in the second quarter. JPMorgan Chase & Co. now owns 17,844 shares of the shipping company’s stock worth $672,000 after buying an additional 7,006 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Navios Maritime Partners during the second quarter valued at $580,000. Cerity Partners LLC acquired a new position in shares of Navios Maritime Partners in the 2nd quarter valued at $212,000. BNP Paribas Financial Markets raised its stake in Navios Maritime Partners by 25.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,706 shares of the shipping company’s stock worth $290,000 after acquiring an additional 1,559 shares during the last quarter. Finally, Ion Asset Management Ltd. raised its stake in Navios Maritime Partners by 2.2% in the 2nd quarter. Ion Asset Management Ltd. now owns 817,963 shares of the shipping company’s stock worth $30,821,000 after acquiring an additional 17,285 shares during the last quarter. Hedge funds and other institutional investors own 62.74% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on NMM. Weiss Ratings lowered Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Jefferies Financial Group began 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. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Navios Maritime Partners presently has an average rating of “Moderate Buy” and an average price target 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.