Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Purchases 1,234 Shares

by · The Markets Daily

Navios Maritime Partners LP (NYSE:NMMGet Free Report) insider Angeliki Frangou acquired 1,234 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was acquired at an average cost of $68.21 per share, with a total value of $84,171.14. Following the purchase, the insider directly owned 4,687,548 shares in the company, valued at $319,737,649.08. This represents a 0.03% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Thursday, April 2nd, Angeliki Frangou bought 1,229 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $69.46 per share, for a total transaction of $85,366.34.
  • On Monday, March 23rd, Angeliki Frangou bought 1,289 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $64.87 per share, for a total transaction of $83,617.43.
  • On Friday, March 20th, Angeliki Frangou purchased 1,247 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $66.71 per share, with a total value of $83,187.37.
  • On Thursday, March 19th, Angeliki Frangou purchased 1,235 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $67.00 per share, with a total value of $82,745.00.

Navios Maritime Partners Trading Up 0.2%

Shares of NYSE:NMM traded up $0.14 on Friday, reaching $69.58. 181,212 shares of the company traded hands, compared to its average volume of 217,629. The stock has a market capitalization of $1.99 billion, a P/E ratio of 7.24 and a beta of 1.23. The business’s 50-day simple moving average is $64.51 and its 200 day simple moving average is $55.31. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Navios Maritime Partners LP has a 52 week low of $28.37 and a 52 week high of $74.21.

Navios Maritime Partners (NYSE:NMMGet Free Report) last released its earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.99. Navios Maritime Partners had a return on equity of 9.17% and a net margin of 21.23%.The company had revenue of $365.55 million during the quarter, compared to analyst estimates of $316.00 million. During the same quarter in the previous year, the company posted $2.61 EPS. Navios Maritime Partners’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities analysts anticipate that Navios Maritime Partners LP will post 12.64 EPS for the current fiscal year.

Navios Maritime Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis 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 is 2.08%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NMM shares. Wall Street Zen raised shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Weiss Ratings raised shares of Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, March 17th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Get Our Latest Research Report on Navios Maritime Partners

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NMM. Ion Asset Management Ltd. lifted its holdings in Navios Maritime Partners by 2.2% in the 2nd quarter. Ion Asset Management Ltd. now owns 817,963 shares of the shipping company’s stock worth $30,821,000 after buying an additional 17,285 shares during the period. ION Fund Management Ltd bought a new stake in shares of Navios Maritime Partners in the 4th quarter worth approximately $24,432,000. Commonwealth Equity Services LLC increased its stake in shares of Navios Maritime Partners by 1.3% during the third quarter. Commonwealth Equity Services LLC now owns 158,749 shares of the shipping company’s stock valued at $7,152,000 after buying an additional 2,045 shares during the period. ING Groep NV increased its stake in shares of Navios Maritime Partners by 51.7% during the fourth 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 during the period. Finally, Bank of America Corp DE raised its holdings in shares of Navios Maritime Partners by 28.8% during the third quarter. Bank of America Corp DE now owns 117,950 shares of the shipping company’s stock valued at $5,314,000 after acquiring an additional 26,340 shares in the last quarter. Institutional investors own 62.74% of the company’s stock.

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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