Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Acquires 1,041 Shares of Stock

Navios Maritime Partners LP (NYSE:NMMGet Free Report) insider Angeliki Frangou acquired 1,041 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average price of $78.94 per share, with a total value of $82,176.54. Following the acquisition, the insider directly owned 4,784,551 shares in the company, valued at $377,692,455.94. This represents a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, August 3rd, Angeliki Frangou bought 653 shares of Navios Maritime Partners stock. The stock was bought 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 shares were bought at an average cost of $80.00 per share, for a total transaction of $66,400.00.
  • On Thursday, July 30th, Angeliki Frangou acquired 1,068 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $78.37 per share, for a total transaction of $83,699.16.
  • On Wednesday, July 29th, Angeliki Frangou acquired 1,051 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $78.55 per share, for a total transaction of $82,556.05.
  • On Tuesday, July 28th, Angeliki Frangou acquired 1,072 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $78.59 per share, for a total transaction of $84,248.48.
  • On Wednesday, July 22nd, Angeliki Frangou bought 1,121 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $74.07 per share, with a total value of $83,032.47.
  • On Tuesday, July 21st, Angeliki Frangou bought 1,149 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $74.03 per share, with a total value of $85,060.47.
  • On Monday, July 20th, Angeliki Frangou bought 1,167 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $72.95 per share, with a total value of $85,132.65.
  • On Monday, July 27th, Angeliki Frangou purchased 1,053 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $77.64 per share, for a total transaction of $81,754.92.
  • On Friday, July 24th, Angeliki Frangou purchased 1,084 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $79.02 per share, for a total transaction of $85,657.68.

Navios Maritime Partners Stock Performance

Shares of Navios Maritime Partners stock opened at $78.45 on Wednesday. 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’s fifty day moving average price is $73.62 and its 200-day moving average price is $69.20. The firm has a market cap of $2.25 billion, a P/E ratio of 6.61 and a beta of 1.02. Navios Maritime Partners LP has a 12 month low of $42.77 and a 12 month high of $82.84.

Navios Maritime Partners (NYSE:NMMGet Free Report) last released its quarterly earnings data 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 company had revenue of $357.01 million during the quarter, compared to analyst estimates of $317.80 million. During the same period in the prior year, the firm earned $1.58 earnings per share. The firm’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 declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, August 10th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend 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%.

Institutional Trading of Navios Maritime Partners

A number of institutional investors have recently modified their holdings of NMM. Royal Bank of Canada raised its stake in shares of Navios Maritime Partners by 50.9% during the 4th quarter. Royal Bank of Canada now owns 599 shares of the shipping company’s stock worth $32,000 after acquiring an additional 202 shares in the last quarter. Valley Wealth Managers Inc. acquired a new stake in Navios Maritime Partners in the first quarter valued at approximately $63,000. State of Wyoming purchased a new position in Navios Maritime Partners during the 4th quarter worth $137,000. Corient Private Wealth LLC acquired a new position in Navios Maritime Partners during the 4th quarter valued at about $207,000. Finally, Mariner LLC acquired a new position in Navios Maritime Partners during the 4th quarter valued at about $208,000. 62.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NMM has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. 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 target price on the stock. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Read Our Latest Stock Analysis on NMM

Navios Maritime Partners Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Navios Maritime Partners (NYSE:NMM)

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