Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Acquires 1,113 Shares of Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou bought 1,113 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was acquired at an average cost of $75.12 per share, with a total value of $83,608.56. Following the transaction, the insider owned 4,763,242 shares in the company, valued at $357,814,739.04. The trade was a 0.02% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, July 9th, Angeliki Frangou bought 1,099 shares of Navios Maritime Partners stock. The shares were bought at an average price of $73.74 per share, for a total transaction of $81,040.26.
• On Wednesday, July 8th, Angeliki Frangou purchased 1,108 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $76.14 per share, for a total transaction of $84,363.12.
• On Monday, July 6th, Angeliki Frangou purchased 1,149 shares of Navios Maritime Partners stock. The stock was bought at an average price of $74.48 per share, with a total value of $85,577.52.
• On Thursday, July 2nd, Angeliki Frangou purchased 1,173 shares of Navios Maritime Partners stock. The stock was bought at an average price of $73.05 per share, with a total value of $85,687.65.
• On Wednesday, July 1st, Angeliki Frangou acquired 1,189 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $71.59 per share, with a total value of $85,120.51.
• On Friday, June 26th, Angeliki Frangou acquired 1,195 shares of Navios Maritime Partners stock. The shares were bought at an average price of $69.22 per share, for a total transaction of $82,717.90.
• On Tuesday, June 30th, Angeliki Frangou acquired 1,199 shares of Navios Maritime Partners stock. The shares were bought at an average price of $69.50 per share, for a total transaction of $83,330.50.
• On Monday, June 29th, Angeliki Frangou bought 1,208 shares of Navios Maritime Partners stock. The stock was bought at an average price of $68.88 per share, for a total transaction of $83,207.04.
• On Thursday, June 25th, Angeliki Frangou bought 1,170 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $70.20 per share, with a total value of $82,134.00.
• On Wednesday, June 24th, Angeliki Frangou bought 1,148 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $71.94 per share, with a total value of $82,587.12.

Navios Maritime Partners Price Performance

Shares of NMM opened at $73.68 on Friday. The firm has a fifty day simple moving average of $72.45 and a two-hundred day simple moving average of $66.25. The firm has a market cap of $2.11 billion, a PE ratio of 6.21 and a beta of 1.00. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.57. Navios Maritime Partners LP has a 1-year low of $37.66 and a 1-year high of $80.69.

Navios Maritime Partners (NYSE:NMM) last released its quarterly earnings results on Thursday, May 21st. The shipping company reported $3.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.58. Navios Maritime Partners had a return on equity of 10.48% and a net margin of 25.05%.The firm had revenue of $357.01 million for the quarter, compared to the consensus estimate of $317.80 million. During the same period last year, the business posted $1.58 EPS. The company’s revenue for the quarter was up 17.4% on a year-over-year basis.

Navios Maritime Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were issued a $0.06 dividend. This is a positive change from Navios Maritime Partners’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, May 11th. Navios Maritime Partners’s dividend payout ratio is currently 2.02%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in shares of Navios Maritime Partners by 95.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 34,884 shares of the shipping company’s stock valued at $1,572,000 after acquiring an additional 17,040 shares during the period. Marnell Management LLC purchased a new stake in Navios Maritime Partners in the 4th quarter worth approximately $5,027,000. ING Groep NV raised its stake 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 worth $7,681,000 after acquiring an additional 49,900 shares during the period. SG Americas Securities LLC bought a new stake in Navios Maritime Partners during the 1st quarter worth approximately $622,000. Finally, Live Oak Investment Partners lifted its holdings in Navios Maritime Partners by 6.8% during the fourth quarter. Live Oak Investment Partners now owns 32,280 shares of the shipping company’s stock valued at $1,692,000 after purchasing an additional 2,063 shares in the last quarter. Institutional investors own 62.74% of the company’s stock.

Wall Street Analysts Forecast Growth

NMM has been the subject of a number of recent research reports. Jefferies Financial Group initiated coverage on Navios Maritime Partners in a research note on Friday, April 24th. They set a “buy” rating and a $85.00 price target for the company. Wall Street Zen raised shares of Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. Finally, Weiss Ratings lowered shares of Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.00.

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.