Navios Maritime Partners (NYSE:NMM) Insider Purchases $84,656.40 in Stock

Navios Maritime Partners LP (NYSE:NMMGet Free Report) insider Angeliki Frangou purchased 1,185 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were purchased at an average price of $71.44 per share, for a total transaction of $84,656.40. Following the transaction, the insider owned 4,707,860 shares of the company’s stock, valued at $336,329,518.40. This trade represents a 0.03% increase in their position. The purchase 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 Wednesday, April 29th, Angeliki Frangou purchased 1,159 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $71.72 per share, for a total transaction of $83,123.48.
  • On Tuesday, April 28th, Angeliki Frangou purchased 1,145 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $72.08 per share, for a total transaction of $82,531.60.
  • On Friday, April 24th, Angeliki Frangou purchased 1,196 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $70.39 per share, for a total transaction of $84,186.44.
  • On Thursday, April 23rd, Angeliki Frangou purchased 1,187 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $70.22 per share, for a total transaction of $83,351.14.
  • On Wednesday, April 22nd, Angeliki Frangou purchased 1,214 shares of Navios Maritime Partners stock. The shares were purchased 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 shares were purchased 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 shares were purchased 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 shares were purchased 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 shares were purchased 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 shares were purchased at an average price of $70.23 per share, for a total transaction of $84,346.23.

Navios Maritime Partners Stock Down 1.0%

Shares of NYSE NMM opened at $71.38 on Friday. The company’s 50-day simple moving average is $68.28 and its 200-day simple moving average is $58.61. Navios Maritime Partners LP has a 52-week low of $34.75 and a 52-week high of $74.21. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 7.43 and a beta of 1.06. 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 (NYSE:NMMGet Free Report) last announced its 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. 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 analyst estimates of $316.00 million. During the same quarter last year, the business earned $2.61 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year.

Navios Maritime Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Monday, May 11th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. This is a positive change from Navios Maritime Partners’s previous quarterly dividend of $0.05. The ex-dividend date is Monday, May 11th. Navios Maritime Partners’s dividend payout ratio (DPR) is 2.08%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NMM. Weiss Ratings upgraded shares of Navios Maritime Partners from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, March 17th. Jefferies Financial Group began coverage on shares of Navios Maritime Partners in a research report on Friday, April 24th. They issued a “buy” rating and a $85.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $85.00.

Check Out Our Latest Report on Navios Maritime Partners

Hedge Funds Weigh In On Navios Maritime Partners

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ion Asset Management Ltd. boosted its position in 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 worth $30,821,000 after acquiring an additional 17,285 shares during the last quarter. ION Fund Management Ltd acquired a new position in Navios Maritime Partners during the fourth quarter worth about $24,432,000. Commonwealth Equity Services LLC boosted its position in 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 worth $7,152,000 after acquiring an additional 2,045 shares during the last quarter. ING Groep NV boosted its position in Navios Maritime Partners by 51.7% during the fourth quarter. ING Groep NV now owns 146,500 shares of the shipping company’s stock worth $7,681,000 after acquiring an additional 49,900 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in 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 worth $5,314,000 after acquiring an additional 26,340 shares during the last quarter. 62.74% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading

Insider Buying and Selling by Quarter for Navios Maritime Partners (NYSE:NMM)

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