Insider Buying: Navios Maritime Partners (NYSE:NMM) Insider Buys $66,400.00 in Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou bought 830 shares of Navios Maritime Partners stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of $80.00 per share, with a total value of $66,400.00. Following the completion of the acquisition, the insider owned 4,782,857 shares in the company, valued at approximately $382,628,560. The trade was a 0.02% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, August 4th, Angeliki Frangou purchased 1,041 shares of Navios Maritime Partners stock. The shares were bought at an average price of $78.94 per share, for a total transaction of $82,176.54.
• On Monday, August 3rd, Angeliki Frangou purchased 653 shares of Navios Maritime Partners stock. The shares were bought at an average price of $79.91 per share, for a total transaction of $52,181.23.
• On Thursday, July 30th, Angeliki Frangou purchased 1,068 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $78.37 per share, for a total transaction of $83,699.16.
• On Wednesday, July 29th, Angeliki Frangou acquired 1,051 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $78.55 per share, with a total value of $82,556.05.
• On Tuesday, July 28th, Angeliki Frangou acquired 1,072 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $78.59 per share, with a total value of $84,248.48.
• On Wednesday, July 22nd, Angeliki Frangou acquired 1,121 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $74.07 per share, with a total value of $83,032.47.
• On Tuesday, July 21st, Angeliki Frangou bought 1,149 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $74.03 per share, for a total transaction of $85,060.47.
• On Monday, July 20th, Angeliki Frangou bought 1,167 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $72.95 per share, for a total transaction of $85,132.65.
• On Monday, July 27th, Angeliki Frangou bought 1,053 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $77.64 per share, with a total value of $81,754.92.
• On Friday, July 24th, Angeliki Frangou purchased 1,084 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $79.02 per share, with a total value of $85,657.68.

Navios Maritime Partners Stock Performance

Shares of NYSE:NMM traded down $2.66 during midday trading on Tuesday, hitting $78.45. The company’s stock had a trading volume of 133,606 shares, compared to its average volume of 112,944. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.45 and a current ratio of 1.45. The stock’s 50 day simple moving average is $73.62 and its 200 day simple moving average is $69.20. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 6.61 and a beta of 1.02. Navios Maritime Partners LP has a fifty-two week low of $42.77 and a fifty-two week high of $82.84.

Navios Maritime Partners (NYSE:NMM) last announced its earnings results on Thursday, May 21st. The shipping company reported $3.35 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.58. The firm had revenue of $357.01 million during the quarter, compared to the consensus estimate of $317.80 million. Navios Maritime Partners had a return on equity of 10.48% and a net margin of 25.05%.The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 EPS.

Navios Maritime Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, August 10th will be paid a $0.06 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 2.02%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NMM shares. Weiss Ratings cut shares of Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. Jefferies Financial Group initiated coverage on shares of Navios Maritime Partners in a research report on Friday, April 24th. They issued a “buy” rating and a $85.00 price target on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.00.

Institutional Trading of Navios Maritime Partners

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its stake 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 purchasing an additional 202 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Navios Maritime Partners by 5.6% during the 3rd quarter. Raymond James Financial Inc. now owns 7,192 shares of the shipping company’s stock worth $324,000 after purchasing an additional 380 shares in the last quarter. Valley Wealth Managers Inc. acquired a new stake in shares of Navios Maritime Partners during the 1st quarter worth about $63,000. BNP Paribas Financial Markets lifted its holdings in Navios Maritime Partners by 25.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,706 shares of the shipping company’s stock valued at $290,000 after purchasing an additional 1,559 shares during the last quarter. Finally, State of Wyoming lifted its holdings in Navios Maritime Partners by 77.8% during the 1st quarter. State of Wyoming now owns 4,637 shares of the shipping company’s stock valued at $313,000 after purchasing an additional 2,029 shares during the last quarter. Institutional investors own 62.74% of the company’s stock.

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.