Navios Maritime Partners (NYSE:NMM) Insider Buys $83,032.47 in Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou bought 1,121 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The shares were bought at an average price of $74.07 per share, with a total value of $83,032.47. Following the completion of the transaction, the insider owned 4,775,568 shares in the company, valued at approximately $353,726,321.76. This trade represents a 0.02% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, July 21st, Angeliki Frangou purchased 1,149 shares of Navios Maritime Partners stock. The stock was bought at an average price of $74.03 per share, for a total transaction of $85,060.47.
• On Monday, July 20th, Angeliki Frangou purchased 1,167 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $72.95 per share, with a total value of $85,132.65.
• On Monday, July 27th, Angeliki Frangou purchased 1,053 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $77.64 per share, with a total value of $81,754.92.
• On Friday, July 24th, Angeliki Frangou acquired 1,084 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $79.02 per share, with a total value of $85,657.68.
• On Thursday, July 23rd, Angeliki Frangou acquired 1,131 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $74.81 per share, with a total value of $84,610.11.
• On Tuesday, July 14th, Angeliki Frangou acquired 1,105 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $75.58 per share, for a total transaction of $83,515.90.
• On Monday, July 13th, Angeliki Frangou bought 1,100 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $75.41 per share, for a total transaction of $82,951.00.
• On Friday, July 10th, Angeliki Frangou bought 1,129 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $75.36 per share, for a total transaction of $85,081.44.
• On Thursday, July 9th, Angeliki Frangou bought 1,099 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $73.74 per share, with a total value of $81,040.26.
• On Wednesday, July 8th, Angeliki Frangou purchased 1,108 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $76.14 per share, with a total value of $84,363.12.

Navios Maritime Partners Price Performance

Shares of NYSE NMM traded up $1.29 during trading hours on Tuesday, hitting $79.00. 30,795 shares of the stock were exchanged, compared to its average volume of 145,625. 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 company has a market cap of $2.26 billion, a PE ratio of 6.66 and a beta of 1.00. The company’s fifty day simple moving average is $73.03 and its two-hundred day simple moving average is $68.21. Navios Maritime Partners LP has a 1-year low of $40.80 and a 1-year high of $80.97.

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

Institutional Investors Weigh In On Navios Maritime Partners

Several hedge funds have recently modified their holdings of the company. Empowered Funds LLC grew its holdings in shares of Navios Maritime Partners by 74.1% during the first quarter. Empowered Funds LLC now owns 10,911 shares of the shipping company’s stock worth $736,000 after purchasing an additional 4,644 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Navios Maritime Partners by 57.6% in the first quarter. Bank of America Corp DE now owns 199,141 shares of the shipping company’s stock valued at $13,438,000 after buying an additional 72,754 shares during the period. Sei Investments Co. bought a new position in Navios Maritime Partners in the 1st quarter valued at approximately $1,889,000. Walleye Capital LLC raised its holdings in Navios Maritime Partners by 45,274.3% in the 1st quarter. Walleye Capital LLC now owns 149,527 shares of the shipping company’s stock valued at $10,090,000 after buying an additional 149,858 shares during the last quarter. Finally, State of Wyoming boosted its position 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 worth $313,000 after buying an additional 2,029 shares during the period. Institutional investors and hedge funds own 62.74% of the company’s stock.

Wall Street Analyst Weigh In

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