Angeliki Frangou Acquires 1,187 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou bought 1,187 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average cost of $71.39 per share, for a total transaction of $84,739.93. Following the completion of the transaction, the insider directly owned 4,751,539 shares in the company, valued at approximately $339,212,369.21. This trade represents a 0.02% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, June 18th, Angeliki Frangou purchased 1,151 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $71.10 per share, with a total value of $81,836.10.
• On Wednesday, June 17th, Angeliki Frangou purchased 1,126 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $73.35 per share, with a total value of $82,592.10.
• On Tuesday, June 16th, Angeliki Frangou acquired 1,119 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $73.63 per share, for a total transaction of $82,391.97.
• On Monday, June 15th, Angeliki Frangou acquired 1,106 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $74.73 per share, for a total transaction of $82,651.38.
• On Friday, June 12th, Angeliki Frangou acquired 1,135 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $74.19 per share, for a total transaction of $84,205.65.
• On Thursday, June 11th, Angeliki Frangou bought 1,155 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $73.34 per share, with a total value of $84,707.70.
• On Wednesday, June 10th, Angeliki Frangou bought 1,154 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $72.18 per share, with a total value of $83,295.72.
• On Tuesday, June 9th, Angeliki Frangou purchased 1,175 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $72.09 per share, for a total transaction of $84,705.75.
• On Monday, June 8th, Angeliki Frangou purchased 1,162 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $71.02 per share, for a total transaction of $82,525.24.
• On Friday, June 5th, Angeliki Frangou purchased 1,167 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $71.66 per share, for a total transaction of $83,627.22.

Navios Maritime Partners Price Performance

NMM opened at $72.46 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.57. Navios Maritime Partners LP has a 52-week low of $36.62 and a 52-week high of $80.69. The company has a 50 day moving average of $71.97 and a two-hundred day moving average of $64.56. The company has a market cap of $2.08 billion, a P/E ratio of 6.10 and a beta of 1.01.

Navios Maritime Partners (NYSE:NMM) last released its quarterly earnings data on Thursday, May 21st. The shipping company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.58. The company had revenue of $357.01 million during the quarter, compared to analyst estimates of $317.80 million. Navios Maritime Partners had a net margin of 25.05% and a return on equity of 10.48%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.58 earnings per share.

Navios Maritime Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.3%. This is a boost 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

Several equities research analysts have recently weighed in on NMM shares. Wall Street Zen raised Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. Weiss Ratings downgraded Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Finally, Jefferies Financial Group assumed coverage on Navios Maritime Partners in a research report on Friday, April 24th. They set 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 assigned a Hold rating to the company. According to data from MarketBeat.com, Navios Maritime Partners has a consensus rating of “Moderate Buy” and an average target price of $85.00.

Institutional Investors Weigh In On Navios Maritime Partners

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NMM. Royal Bank of Canada lifted its holdings 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 buying an additional 202 shares in the last quarter. Valley Wealth Managers Inc. acquired a new stake in shares of Navios Maritime Partners during the first quarter valued at about $63,000. State of Wyoming purchased a new stake in shares of Navios Maritime Partners during the fourth quarter worth about $137,000. Corient Private Wealth LLC acquired a new position in shares of Navios Maritime Partners in the fourth quarter worth about $207,000. Finally, Mariner LLC acquired a new position in shares of Navios Maritime Partners in the fourth quarter worth about $208,000. Hedge funds and other institutional investors own 62.74% of the company’s stock.

Key Stories Impacting Navios Maritime Partners

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

• Positive Sentiment: Insider and CEO Angeliki Frangou bought 1,151 shares at an average price of $71.10, adding to a string of recent open-market purchases. Article Title
• Positive Sentiment: Frangou also bought 1,187 shares at $71.39 and 1,126 shares at $73.35 in prior transactions, signaling ongoing insider confidence in Navios Maritime Partners’ outlook.
• Neutral Sentiment: The company’s recent operating performance remains solid, with the latest quarter beating EPS and revenue estimates and posting year-over-year revenue growth, supporting a generally constructive view on the stock.
• Neutral Sentiment: Navios Maritime Partners recently raised its quarterly dividend, and analysts still carry a consensus “Moderate Buy” rating with an $85 target price, though one rating was recently cut to Hold.

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.