Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Buys 830 Shares

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou bought 830 shares of the business’s stock in a transaction on Friday, July 31st. The shares were purchased at an average cost of $80.00 per share, with a total value of $66,400.00. Following the transaction, the insider owned 4,782,857 shares in the company, valued at approximately $382,628,560. The trade was a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Tuesday, August 4th, Angeliki Frangou purchased 1,041 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $78.94 per share, for a total transaction of $82,176.54.
• On Monday, August 3rd, Angeliki Frangou purchased 653 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $79.91 per share, with a total value of $52,181.23.
• On Thursday, July 30th, Angeliki Frangou acquired 1,068 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $78.37 per share, with a total value of $83,699.16.
• On Wednesday, July 29th, Angeliki Frangou acquired 1,051 shares of Navios Maritime Partners stock. The stock was bought at an average price of $78.55 per share, for a total transaction of $82,556.05.
• On Tuesday, July 28th, Angeliki Frangou bought 1,072 shares of Navios Maritime Partners stock. The shares were bought at an average cost 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 bought at an average price of $74.07 per share, with a total value 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 price of $74.03 per share, for a total transaction 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 purchased 1,084 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $79.02 per share, with a total value of $85,657.68.

Navios Maritime Partners Stock Down 3.3%

NMM opened at $78.45 on Wednesday. The company has a market capitalization of $2.25 billion, a P/E ratio of 6.61 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.45 and a quick ratio of 1.45. The firm’s fifty day moving average price is $73.62 and its two-hundred day moving average price is $69.20. Navios Maritime Partners LP has a fifty-two week low of $42.77 and a fifty-two week high of $82.84.

Navios Maritime Partners (NYSE:NMM) last posted 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. The business had revenue of $357.01 million for the quarter, compared to analysts’ expectations of $317.80 million. Navios Maritime Partners had a net margin of 25.05% and a return on equity of 10.48%. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.58 earnings per share.

Navios Maritime Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be given 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 2.02%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Navios Maritime Partners

Several hedge funds have recently added to or reduced their stakes in NMM. JPMorgan Chase & Co. lifted its position in Navios Maritime Partners by 95.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 34,884 shares of the shipping company’s stock valued at $1,572,000 after purchasing an additional 17,040 shares during the period. Marnell Management LLC bought a new stake in shares of Navios Maritime Partners during the fourth quarter worth approximately $5,027,000. ING Groep NV lifted its holdings in Navios Maritime Partners by 51.7% in the fourth quarter. ING Groep NV now owns 146,500 shares of the shipping company’s stock valued at $7,681,000 after buying an additional 49,900 shares during the period. SG Americas Securities LLC bought a new position in Navios Maritime Partners in the first quarter valued at approximately $622,000. Finally, Live Oak Investment Partners grew its holdings in Navios Maritime Partners by 6.8% during the 4th quarter. Live Oak Investment Partners now owns 32,280 shares of the shipping company’s stock worth $1,692,000 after acquiring an additional 2,063 shares during the period. Institutional investors 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.