Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Purchases 1,138 Shares of Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,138 shares of Navios Maritime Partners stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average cost of $72.99 per share, with a total value of $83,062.62. Following the transaction, the insider owned 4,720,469 shares of the company’s stock, valued at approximately $344,547,032.31. The trade was a 0.02% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, May 11th, Angeliki Frangou purchased 1,111 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $73.85 per share, with a total value of $82,047.35.
• On Friday, May 8th, Angeliki Frangou purchased 1,164 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $74.62 per share, with a total value of $86,857.68.
• On Thursday, May 7th, Angeliki Frangou acquired 1,135 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $72.49 per share, for a total transaction of $82,276.15.
• On Wednesday, May 6th, Angeliki Frangou bought 1,086 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $74.77 per share, with a total value of $81,200.22.
• On Tuesday, May 5th, Angeliki Frangou purchased 1,171 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $74.55 per share, for a total transaction of $87,298.05.
• On Monday, May 4th, Angeliki Frangou purchased 1,169 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $71.74 per share, for a total transaction of $83,864.06.
• On Friday, May 1st, Angeliki Frangou bought 1,155 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $71.08 per share, for a total transaction of $82,097.40.
• On Thursday, April 30th, Angeliki Frangou acquired 1,176 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $72.03 per share, for a total transaction of $84,707.28.
• On Wednesday, April 29th, Angeliki Frangou purchased 1,159 shares of Navios Maritime Partners stock. The stock was purchased at an average cost 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 stock was acquired at an average cost of $72.08 per share, for a total transaction of $82,531.60.

Navios Maritime Partners Price Performance

NYSE NMM opened at $73.49 on Wednesday. The stock has a 50-day simple moving average of $68.85 and a 200 day simple moving average of $60.02. Navios Maritime Partners LP has a twelve month low of $36.62 and a twelve month high of $77.90. The stock has a market capitalization of $2.11 billion, a PE ratio of 7.65 and a beta of 1.06. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.12.

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, topping 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 company had revenue of $365.55 million for the quarter, compared to analyst estimates of $316.00 million. During the same period last year, the business posted $2.61 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis.

Navios Maritime Partners Increases Dividend

The company 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 positive change 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 currently 2.50%.

Wall Street Analyst Weigh In

Several brokerages recently commented on NMM. Jefferies Financial Group began coverage on Navios Maritime Partners in a research report on Friday, April 24th. They issued a “buy” rating and a $85.00 target price for the company. 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. Finally, 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. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Navios Maritime Partners has an average rating of “Buy” and an average price target of $85.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Ion Asset Management Ltd. boosted its position 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 valued at $30,821,000 after buying an additional 17,285 shares during the last quarter. ION Fund Management Ltd bought a new stake in Navios Maritime Partners during the 4th quarter worth about $24,432,000. Commonwealth Equity Services LLC lifted its position in Navios Maritime Partners by 1.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 158,749 shares of the shipping company’s stock valued at $7,152,000 after purchasing an additional 2,045 shares during the period. ING Groep NV lifted its position in Navios Maritime Partners by 51.7% during the 4th quarter. ING Groep NV now owns 146,500 shares of the shipping company’s stock valued at $7,681,000 after purchasing an additional 49,900 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Navios Maritime Partners by 28.8% in the 3rd quarter. Bank of America Corp DE now owns 117,950 shares of the shipping company’s stock valued at $5,314,000 after purchasing an additional 26,340 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.