Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Purchases 1,084 Shares

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,084 shares of the stock in a transaction on Friday, July 24th. The shares were acquired at an average price of $79.02 per share, for a total transaction of $85,657.68. Following the acquisition, the insider owned 4,777,783 shares of the company’s stock, valued at approximately $377,540,412.66. The trade was a 0.02% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Wednesday, July 22nd, Angeliki Frangou acquired 1,121 shares of Navios Maritime Partners stock. The shares were acquired at an average price 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 acquired at an average price of $74.03 per share, for a total transaction of $85,060.47.
• On Monday, July 20th, Angeliki Frangou purchased 1,167 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $72.95 per share, for a total transaction of $85,132.65.
• On Monday, July 27th, Angeliki Frangou purchased 1,053 shares of Navios Maritime Partners stock. The shares were bought at an average price of $77.64 per share, with a total value of $81,754.92.
• On Thursday, July 23rd, Angeliki Frangou acquired 1,131 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $74.81 per share, with a total value of $84,610.11.
• On Tuesday, July 14th, Angeliki Frangou bought 1,105 shares of Navios Maritime Partners stock. The stock was bought at an average price of $75.58 per share, for a total transaction of $83,515.90.
• On Monday, July 13th, Angeliki Frangou bought 1,100 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $75.41 per share, for a total transaction of $82,951.00.
• On Friday, July 10th, Angeliki Frangou purchased 1,129 shares of Navios Maritime Partners stock. The shares were bought at an average price of $75.36 per share, with a total value of $85,081.44.
• On Thursday, July 9th, Angeliki Frangou acquired 1,099 shares of Navios Maritime Partners stock. The shares were bought at an average price of $73.74 per share, for a total transaction of $81,040.26.
• On Wednesday, July 8th, Angeliki Frangou acquired 1,108 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $76.14 per share, for a total transaction of $84,363.12.

Navios Maritime Partners Stock Performance

NYSE NMM opened at $79.20 on Wednesday. Navios Maritime Partners LP has a 1 year low of $40.80 and a 1 year high of $80.97. 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 has a market cap of $2.27 billion, a price-to-earnings ratio of 6.67 and a beta of 1.00. The company has a fifty day moving average price of $73.12 and a 200-day moving average price of $68.37.

Navios Maritime Partners (NYSE:NMM) last announced its earnings results on Thursday, May 21st. The shipping company reported $3.35 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $317.80 million. During the same quarter in the prior year, the company posted $1.58 earnings per share. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis.

Hedge Funds Weigh In On Navios Maritime Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NMM. Ion Asset Management Ltd. increased its stake in shares of Navios Maritime Partners by 2.2% in the second quarter. Ion Asset Management Ltd. now owns 817,963 shares of the shipping company’s stock worth $30,821,000 after purchasing an additional 17,285 shares in the last quarter. ION Fund Management Ltd purchased a new stake in shares of Navios Maritime Partners during the 4th quarter valued at approximately $24,432,000. Bank of America Corp DE lifted its stake in shares of Navios Maritime Partners by 57.6% during the 1st 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. Walleye Capital LLC boosted its holdings in Navios Maritime Partners by 45,274.3% in the 1st quarter. Walleye Capital LLC now owns 149,527 shares of the shipping company’s stock worth $10,090,000 after buying an additional 149,858 shares during the period. Finally, ING Groep NV grew its stake in Navios Maritime Partners by 51.7% in the 4th 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 in the last quarter. Institutional investors own 62.74% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on NMM shares. 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. Jefferies Financial Group initiated coverage on Navios Maritime Partners in a report on Friday, April 24th. They issued a “buy” rating and a $85.00 target price for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.00.

Navios Maritime Partners News Summary

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

• Positive Sentiment: Angeliki Frangou purchased 6,705 NMM shares across six transactions from July 20 through July 27 for approximately $505,248, at prices ranging from $72.95 to $79.02 per share. The purchases were disclosed in SEC filings. SEC insider ownership filing SEC insider purchase filing
• Positive Sentiment: Following the purchases, Frangou directly owned approximately 4.78 million NMM shares. Repeated buying by a major insider is generally viewed favorably by investors because it indicates the insider is committing additional capital rather than selling into the recent rally.
• Neutral Sentiment: The purchases were individually small—each increased Frangou’s position by only about 0.02%—so the transactions are more of a confidence signal than a material change to Navios Maritime Partners’ financial position. Investors should also weigh shipping-market conditions, vessel rates, leverage and the company’s upcoming operating results.

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.