Navios Maritime Partners (NYSE:NMM) Insider Buys $82,951.00 in Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,100 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were bought at an average cost of $75.41 per share, with a total value of $82,951.00. Following the transaction, the insider directly owned 4,767,678 shares in the company, valued at $359,530,597.98. This trade represents a 0.02% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, July 14th, Angeliki Frangou bought 1,105 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $75.58 per share, for a total transaction of $83,515.90.
• On Friday, July 10th, Angeliki Frangou purchased 1,129 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $75.36 per share, for a total transaction of $85,081.44.
• On Thursday, July 9th, Angeliki Frangou purchased 1,099 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $73.74 per share, for a total transaction of $81,040.26.
• On Wednesday, July 8th, Angeliki Frangou purchased 1,108 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $76.14 per share, with a total value of $84,363.12.
• On Tuesday, July 7th, Angeliki Frangou acquired 1,113 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $75.12 per share, with a total value of $83,608.56.
• On Monday, July 6th, Angeliki Frangou acquired 1,149 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $74.48 per share, for a total transaction of $85,577.52.
• On Thursday, July 2nd, Angeliki Frangou bought 1,173 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $73.05 per share, for a total transaction of $85,687.65.
• On Wednesday, July 1st, Angeliki Frangou bought 1,189 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $71.59 per share, with a total value of $85,120.51.
• On Friday, June 26th, Angeliki Frangou bought 1,195 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $69.22 per share, with a total value of $82,717.90.
• On Tuesday, June 30th, Angeliki Frangou bought 1,199 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $69.50 per share, with a total value of $83,330.50.

Navios Maritime Partners Trading Down 0.5%

NYSE:NMM traded down $0.39 on Tuesday, reaching $75.02. 127,161 shares of the company’s stock were exchanged, compared to its average volume of 87,713. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 6.32 and a beta of 1.00. The business has a fifty day moving average of $72.58 and a 200-day moving average of $66.75. Navios Maritime Partners LP has a 52-week low of $38.77 and a 52-week high of $80.69.

Navios Maritime Partners (NYSE:NMM) last posted its quarterly earnings data on Thursday, May 21st. The shipping company reported $3.35 EPS for the quarter, beating the consensus estimate of $2.77 by $0.58. The business 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 revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the firm posted $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. Stockholders of record on Monday, May 11th were given a dividend of $0.06 per share. This is an increase from Navios Maritime Partners’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, May 11th. Navios Maritime Partners’s dividend payout ratio is currently 2.02%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its position in shares of Navios Maritime Partners by 74.1% during the 1st quarter. Empowered Funds LLC now owns 10,911 shares of the shipping company’s stock worth $736,000 after purchasing an additional 4,644 shares in the last quarter. Bank of America Corp DE increased its holdings in Navios Maritime Partners by 57.6% in the first quarter. Bank of America Corp DE now owns 199,141 shares of the shipping company’s stock valued at $13,438,000 after buying an additional 72,754 shares in the last quarter. Sei Investments Co. purchased a new position in Navios Maritime Partners in the first quarter valued at about $1,889,000. Walleye Capital LLC lifted its position in shares of Navios Maritime Partners by 45,274.3% during the 1st quarter. Walleye Capital LLC now owns 149,527 shares of the shipping company’s stock valued at $10,090,000 after acquiring an additional 149,858 shares during the period. Finally, State of Wyoming grew its holdings in shares of Navios Maritime Partners by 77.8% in the 1st quarter. State of Wyoming now owns 4,637 shares of the shipping company’s stock worth $313,000 after acquiring an additional 2,029 shares during the period. 62.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. 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 price target for the company. Weiss Ratings cut shares of Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen upgraded Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company 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.