Navios Maritime Partners (NYSE:NMM) Insider Buys $82,276.15 in Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou bought 1,135 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was purchased at an average cost of $72.49 per share, for a total transaction of $82,276.15. Following the completion of the transaction, the insider owned 4,717,056 shares of the company’s stock, valued at $341,939,389.44. This represents a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, May 6th, Angeliki Frangou bought 1,086 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $74.77 per share, with a total value of $81,200.22.
• On Tuesday, May 5th, Angeliki Frangou bought 1,171 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $74.55 per share, for a total transaction of $87,298.05.
• On Monday, May 4th, Angeliki Frangou acquired 1,169 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $71.74 per share, for a total transaction of $83,864.06.
• On Friday, May 1st, Angeliki Frangou purchased 1,155 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $71.08 per share, for a total transaction of $82,097.40.
• On Thursday, April 30th, Angeliki Frangou purchased 1,176 shares of Navios Maritime Partners stock. The shares were bought at an average price of $72.03 per share, with a total value of $84,707.28.
• On Wednesday, April 29th, Angeliki Frangou bought 1,159 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $71.72 per share, with a total value of $83,123.48.
• On Tuesday, April 28th, Angeliki Frangou bought 1,145 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $72.08 per share, for a total transaction of $82,531.60.
• On Monday, April 27th, Angeliki Frangou acquired 1,185 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $71.44 per share, with a total value of $84,656.40.
• On Friday, April 24th, Angeliki Frangou purchased 1,196 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $70.39 per share, with a total value of $84,186.44.
• On Thursday, April 23rd, Angeliki Frangou purchased 1,187 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $70.22 per share, with a total value of $83,351.14.

Navios Maritime Partners Stock Performance

Shares of NYSE NMM traded down $1.48 during mid-day trading on Thursday, hitting $71.88. The company had a trading volume of 125,370 shares, compared to its average volume of 131,988. Navios Maritime Partners LP has a 12 month low of $35.93 and a 12 month high of $77.90. The firm has a market cap of $2.06 billion, a P/E ratio of 7.48 and a beta of 1.06. The business’s 50-day simple moving average is $68.61 and its 200-day simple moving average is $59.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.12 and a quick ratio of 1.13.

Navios Maritime Partners (NYSE:NMM) last issued its earnings results on Thursday, February 19th. The shipping company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.99. The business had revenue of $365.55 million during the quarter, compared to analyst estimates of $316.00 million. Navios Maritime Partners had a return on equity of 9.17% and a net margin of 21.23%.Navios Maritime Partners’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.61 earnings per share.

Navios Maritime Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, May 11th will be issued a $0.06 dividend. This is a boost from Navios Maritime Partners’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.24 annualized dividend and a yield of 0.3%. Navios Maritime Partners’s payout ratio is presently 2.08%.

Analyst Ratings Changes

Several analysts have recently weighed in on NMM shares. 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 Navios Maritime Partners in a report on Friday, April 24th. They set a “buy” rating and a $85.00 price objective on the stock. Finally, Wall Street Zen upgraded Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $85.00.

Hedge Funds Weigh In On Navios Maritime Partners

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in Navios Maritime Partners by 95.5% in the third quarter. JPMorgan Chase & Co. now owns 34,884 shares of the shipping company’s stock worth $1,572,000 after purchasing an additional 17,040 shares in the last quarter. Arbiter Partners Capital Management LLC acquired a new stake in shares of Navios Maritime Partners in the third quarter valued at $1,117,000. ING Groep NV raised its holdings in shares of Navios Maritime Partners by 123.6% in the third quarter. ING Groep NV now owns 96,600 shares of the shipping company’s stock valued at $4,352,000 after buying an additional 53,400 shares during the last quarter. Moors & Cabot Inc. raised its holdings in shares of Navios Maritime Partners by 0.8% in the third quarter. Moors & Cabot Inc. now owns 92,682 shares of the shipping company’s stock valued at $4,175,000 after buying an additional 750 shares during the last quarter. Finally, Valley Wealth Managers Inc. acquired a new position in Navios Maritime Partners during the 1st quarter worth about $63,000. Institutional investors own 62.74% of the company’s stock.

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.