Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Acquires 1,289 Shares

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,289 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was purchased at an average price of $64.87 per share, for a total transaction of $83,617.43. Following the acquisition, the insider directly owned 4,678,741 shares in the company, valued at approximately $303,509,928.67. This trade represents a 0.03% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, March 20th, Angeliki Frangou bought 1,247 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $66.71 per share, with a total value of $83,187.37.
• On Thursday, March 19th, Angeliki Frangou bought 1,235 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $67.00 per share, with a total value of $82,745.00.

Navios Maritime Partners Stock Performance

NYSE NMM opened at $65.60 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.12 and a quick ratio of 1.13. The company has a market cap of $1.88 billion, a P/E ratio of 6.83 and a beta of 1.31. The stock has a 50-day moving average of $62.81 and a two-hundred day moving average of $54.36. Navios Maritime Partners LP has a 1-year low of $28.37 and a 1-year high of $74.21.

Navios Maritime Partners (NYSE:NMM) last issued its quarterly earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.99. Navios Maritime Partners had a net margin of 21.23% and a return on equity of 9.17%. The business had revenue of $365.55 million for the quarter, compared to analysts’ expectations of $316.00 million. During the same quarter in the prior year, the company earned $2.61 earnings per share. The business’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, analysts anticipate that Navios Maritime Partners LP will post 12.64 EPS for the current year.

Navios Maritime Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were issued a $0.05 dividend. The ex-dividend date was Monday, February 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. Navios Maritime Partners’s dividend payout ratio (DPR) is 2.08%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NMM shares. Weiss Ratings upgraded Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, March 17th. Wall Street Zen upgraded Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

Institutional Investors Weigh In On Navios Maritime Partners

Institutional investors and hedge funds have recently bought and sold shares of the stock. ION Fund Management Ltd purchased a new position in Navios Maritime Partners during the 4th quarter worth approximately $24,432,000. Marnell Management LLC purchased a new stake in Navios Maritime Partners in the fourth quarter valued at approximately $5,027,000. ING Groep NV boosted its holdings in shares of Navios Maritime Partners by 123.6% in the third quarter. ING Groep NV now owns 96,600 shares of the shipping company’s stock valued at $4,352,000 after acquiring an additional 53,400 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Navios Maritime Partners by 150.9% in the fourth quarter. JPMorgan Chase & Co. now owns 87,535 shares of the shipping company’s stock valued at $4,589,000 after acquiring an additional 52,651 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of Navios Maritime Partners during the fourth quarter worth approximately $1,507,000. 62.74% of the stock is owned by hedge funds and other institutional investors.

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.