Angeliki Frangou Purchases 1,169 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou bought 1,169 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $71.61 per share, with a total value of $83,712.09. Following the completion of the transaction, the insider owned 4,722,772 shares in the company, valued at approximately $338,197,702.92. This trade represents a 0.02% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, May 15th, Angeliki Frangou purchased 1,172 shares of Navios Maritime Partners stock. The shares were bought at an average price of $70.93 per share, for a total transaction of $83,129.96.
• On Wednesday, May 13th, Angeliki Frangou purchased 1,134 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $72.69 per share, with a total value of $82,430.46.
• On Tuesday, May 12th, Angeliki Frangou acquired 1,138 shares of Navios Maritime Partners stock. The stock was bought at an average price of $72.99 per share, with a total value of $83,062.62.
• On Monday, May 11th, Angeliki Frangou acquired 1,111 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $73.85 per share, for a total transaction of $82,047.35.
• On Friday, May 8th, Angeliki Frangou bought 1,164 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $74.62 per share, for a total transaction of $86,857.68.
• On Thursday, May 7th, Angeliki Frangou bought 1,135 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $72.49 per share, with a total value of $82,276.15.
• On Wednesday, May 6th, Angeliki Frangou bought 1,086 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $74.77 per share, with a total value of $81,200.22.
• On Tuesday, May 5th, Angeliki Frangou purchased 1,171 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $74.55 per share, for a total transaction of $87,298.05.
• On Monday, May 4th, Angeliki Frangou purchased 1,169 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $71.74 per share, for a total transaction of $83,864.06.
• On Friday, May 1st, Angeliki Frangou purchased 1,155 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $71.08 per share, for a total transaction of $82,097.40.

Navios Maritime Partners Stock Up 0.4%

NMM traded up $0.31 during trading on Friday, reaching $71.37. The stock had a trading volume of 55,035 shares, compared to its average volume of 136,610. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 7.43 and a beta of 1.06. The stock’s 50 day moving average is $68.82 and its two-hundred day moving average is $60.45. Navios Maritime Partners LP has a one year low of $36.62 and a one year high of $77.90.

Navios Maritime Partners (NYSE:NMM) last announced its earnings results on Thursday, February 19th. The shipping company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.99. The firm had revenue of $365.55 million for the quarter, compared to analysts’ expectations of $316.00 million. Navios Maritime Partners had a net margin of 21.23% and a return on equity of 9.17%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.61 EPS.

Navios Maritime Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, May 11th. This is an increase from Navios Maritime Partners’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 0.3%. Navios Maritime Partners’s payout ratio is presently 2.50%.

Wall Street Analyst Weigh In

NMM has been the subject of several recent research reports. Jefferies Financial Group initiated coverage on shares of Navios Maritime Partners in a report on Friday, April 24th. They set a “buy” rating and a $85.00 target price for the company. Weiss Ratings upgraded Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, March 17th. Finally, Wall Street Zen raised Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Navios Maritime Partners currently has a consensus rating of “Buy” and a consensus price target of $85.00.

Institutional Trading of Navios Maritime Partners

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of Navios Maritime Partners by 50.9% in the fourth 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. bought a new stake in shares of Navios Maritime Partners during the first quarter valued at approximately $63,000. State of Wyoming bought a new stake in shares of Navios Maritime Partners during the fourth quarter valued at approximately $137,000. Corient Private Wealth LLC purchased a new position in Navios Maritime Partners in the 4th quarter worth approximately $207,000. Finally, Mariner LLC bought a new position in Navios Maritime Partners in the 4th quarter valued at approximately $208,000. 62.74% of the stock is currently owned by institutional investors.

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.