Insider Buying: Navios Maritime Partners (NYSE:NMM) Insider Purchases 1,229 Shares of Stock

Key Points

• Angeliki Frangou purchased 1,229 shares of Navios Maritime Partners on April 2 at an average price of $69.46 under a pre-arranged Rule 10b5-1 plan, bringing her direct ownership to 4,688,777 shares (a 0.03% increase).
• Frangou made multiple additional buys in late March and early April (several trades of ~1,200–1,300 shares each), indicating continued insider accumulation over that period.
• Navios reported a strong quarter (EPS $3.40 vs. $2.41 consensus, revenue $365.6M vs. $316M) and has seen analyst upgrades to Buy/Strong-Buy, while the stock trades near its 52-week high with a market cap of roughly $1.99 billion.

Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou bought 1,229 shares of Navios Maritime Partners stock in a transaction dated Thursday, April 2nd. The stock was acquired at an average cost of $69.46 per share, for a total transaction of $85,366.34. Following the purchase, the insider directly owned 4,688,777 shares in the company, valued at approximately $325,682,450.42. The trade was a 0.03% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 1st, Angeliki Frangou purchased 1,234 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $68.21 per share, with a total value of $84,171.14.
• On Monday, March 23rd, Angeliki Frangou purchased 1,289 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $64.87 per share, with a total value of $83,617.43.
• On Friday, March 20th, Angeliki Frangou acquired 1,247 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $66.71 per share, for a total transaction of $83,187.37.
• On Thursday, March 19th, Angeliki Frangou acquired 1,235 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $67.00 per share, for a total transaction of $82,745.00.

Navios Maritime Partners Trading Up 0.2%

NMM traded up $0.14 during trading on Friday, reaching $69.58. 181,212 shares of the company's stock were exchanged, compared to its average volume of 217,629. The company's fifty day moving average price is $64.51 and its 200-day moving average price is $55.31. The firm has a market capitalization of $1.99 billion, a PE ratio of 7.24 and a beta of 1.23. Navios Maritime Partners LP has a fifty-two week low of $28.37 and a fifty-two week high of $74.21. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share for the quarter, beating analysts' consensus estimates of $2.41 by $0.99. Navios Maritime Partners had a return on equity of 9.17% and a net margin of 21.23%.The company had revenue of $365.55 million for the quarter, compared to the consensus estimate of $316.00 million. During the same quarter in the prior year, the business posted $2.61 EPS. The firm's quarterly revenue was up 10.0% on a year-over-year basis. As a group, equities analysts forecast that Navios Maritime Partners LP will post 12.64 EPS for the current year.

Navios Maritime Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, February 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. Navios Maritime Partners's dividend payout ratio (DPR) is 2.08%.

Institutional Trading of Navios Maritime Partners

Large investors have recently made changes to their positions in the company. Arbiter Partners Capital Management LLC bought a new position in Navios Maritime Partners during the third quarter worth about $1,117,000. ING Groep NV increased 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 worth $4,352,000 after acquiring an additional 53,400 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Navios Maritime Partners by 1.3% in the third quarter. Commonwealth Equity Services LLC now owns 158,749 shares of the shipping company's stock worth $7,152,000 after acquiring an additional 2,045 shares in the last quarter. Merrion Investment Management Co LLC raised its position in shares of Navios Maritime Partners by 0.4% during the third quarter. Merrion Investment Management Co LLC now owns 65,250 shares of the shipping company's stock worth $2,940,000 after purchasing an additional 250 shares during the period. Finally, Raymond James Financial Inc. raised its position in shares of Navios Maritime Partners by 5.6% during the third 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 during the period. Institutional investors own 62.74% of the company's stock.

Analyst Upgrades and Downgrades

NMM has been the subject of a number of recent analyst reports. Weiss Ratings raised Navios Maritime Partners from a "hold (c)" rating to a "buy (b-)" rating in a research note on Tuesday, March 17th. 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. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy".

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.

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