Navios Maritime Partners (NYSE:NMM) Insider Acquires $83,351.14 in Stock

Navios Maritime Partners LP (NYSE:NMMGet Free Report) insider Angeliki Frangou purchased 1,187 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was bought at an average price of $70.22 per share, for a total transaction of $83,351.14. Following the completion of the acquisition, the insider owned 4,705,479 shares of the company’s stock, valued at approximately $330,418,735.38. The trade was a 0.03% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Friday, April 24th, Angeliki Frangou purchased 1,196 shares of Navios Maritime Partners stock. The stock was bought at an average price of $70.39 per share, for a total transaction of $84,186.44.
  • On Wednesday, April 22nd, Angeliki Frangou purchased 1,214 shares of Navios Maritime Partners stock. The stock was bought at an average price of $69.58 per share, for a total transaction of $84,470.12.
  • On Monday, April 20th, Angeliki Frangou purchased 1,190 shares of Navios Maritime Partners stock. The stock was bought at an average price of $70.30 per share, for a total transaction of $83,657.00.
  • On Friday, April 17th, Angeliki Frangou purchased 1,201 shares of Navios Maritime Partners stock. The stock was bought at an average price of $70.39 per share, for a total transaction of $84,538.39.
  • On Tuesday, April 14th, Angeliki Frangou purchased 1,192 shares of Navios Maritime Partners stock. The stock was bought at an average price of $70.39 per share, for a total transaction of $83,904.88.
  • On Thursday, April 16th, Angeliki Frangou purchased 1,199 shares of Navios Maritime Partners stock. The stock was bought at an average price of $69.71 per share, for a total transaction of $83,582.29.
  • On Wednesday, April 15th, Angeliki Frangou purchased 1,201 shares of Navios Maritime Partners stock. The stock was bought at an average price of $70.23 per share, for a total transaction of $84,346.23.
  • On Monday, April 13th, Angeliki Frangou purchased 1,204 shares of Navios Maritime Partners stock. The stock was bought at an average price of $70.24 per share, for a total transaction of $84,568.96.
  • On Friday, April 10th, Angeliki Frangou purchased 1,188 shares of Navios Maritime Partners stock. The stock was bought at an average price of $68.94 per share, for a total transaction of $81,900.72.
  • On Thursday, April 9th, Angeliki Frangou purchased 1,155 shares of Navios Maritime Partners stock. The stock was bought at an average price of $70.78 per share, for a total transaction of $81,750.90.

Navios Maritime Partners Trading Up 0.1%

NYSE NMM opened at $70.38 on Monday. The company’s 50-day moving average price is $67.64 and its 200-day moving average price is $58.02. 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 stock has a market cap of $2.02 billion, a PE ratio of 7.32 and a beta of 1.23. Navios Maritime Partners LP has a 12 month low of $33.20 and a 12 month high of $74.21.

Navios Maritime Partners (NYSE:NMMGet Free Report) last posted its quarterly earnings results on Thursday, February 19th. The shipping company reported $3.40 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $365.55 million for the quarter, compared to analysts’ expectations of $316.00 million. During the same period in the prior year, the business posted $2.61 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis.

Navios Maritime Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, February 9th. Navios Maritime Partners’s dividend payout ratio is presently 2.08%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Navios Maritime Partners in a report on Friday. They set a “buy” rating and a $85.00 target price on the stock. Weiss Ratings upgraded shares of Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, March 17th. Finally, Wall Street Zen upgraded shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $85.00.

Get Our Latest Research Report on Navios Maritime Partners

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NMM. JPMorgan Chase & Co. grew its holdings in Navios Maritime Partners by 64.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 17,844 shares of the shipping company’s stock worth $672,000 after acquiring an additional 7,006 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Navios Maritime Partners during the second quarter valued at about $580,000. Cerity Partners LLC purchased a new stake in shares of Navios Maritime Partners during the second quarter valued at about $212,000. BNP Paribas Financial Markets lifted its position in shares of Navios Maritime Partners by 25.4% during the second quarter. BNP Paribas Financial Markets now owns 7,706 shares of the shipping company’s stock valued at $290,000 after buying an additional 1,559 shares during the last quarter. Finally, Ion Asset Management Ltd. lifted its position in shares of Navios Maritime Partners by 2.2% during the second quarter. Ion Asset Management Ltd. now owns 817,963 shares of the shipping company’s stock valued at $30,821,000 after buying an additional 17,285 shares during the last quarter. 62.74% of the stock is currently owned by institutional investors.

Navios Maritime Partners Company Profile

(Get Free Report)

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.

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