Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Acquires 1,247 Shares

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,247 shares of Navios Maritime Partners stock in a transaction on Friday, March 20th. The shares were purchased at an average cost of $66.71 per share, for a total transaction of $83,187.37. Following the acquisition, the insider owned 4,677,452 shares in the company, valued at approximately $312,032,822.92. This represents a 0.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, March 23rd, Angeliki Frangou bought 1,289 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $64.87 per share, with a total value of $83,617.43.
• On Thursday, March 19th, Angeliki Frangou bought 1,235 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $67.00 per share, with a total value of $82,745.00.

Navios Maritime Partners Trading Up 1.5%

NMM stock opened at $65.60 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 0.56. Navios Maritime Partners LP has a twelve month low of $28.37 and a twelve month high of $74.21. The company has a market cap of $1.88 billion, a P/E ratio of 6.83 and a beta of 1.31. The business has a fifty day moving average of $62.81 and a 200-day moving average of $54.36.

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

Navios Maritime Partners Dividend Announcement

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

Institutional Investors Weigh In On Navios Maritime Partners

Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in shares of Navios Maritime Partners by 50.9% in the 4th quarter. Royal Bank of Canada now owns 599 shares of the shipping company’s stock valued at $32,000 after buying an additional 202 shares during the period. Allworth Financial LP acquired a new stake in Navios Maritime Partners during the 2nd quarter worth $47,000. TD Waterhouse Canada Inc. bought a new position in Navios Maritime Partners during the second quarter worth about $62,000. State of Wyoming bought a new position in Navios Maritime Partners during the fourth quarter worth about $137,000. Finally, Corient Private Wealth LLC acquired a new position in Navios Maritime Partners in the fourth quarter valued at about $207,000. 62.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NMM has been the topic of several analyst reports. Wall Street Zen upgraded shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings raised shares of Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, March 17th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

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.