Navios Maritime Partners (NYSE:NMM) Insider Acquires $83,904.88 in Stock

Key Points

• Angeliki Frangou purchased 1,192 shares on April 14 at $70.39 for $83,904.88, bringing her direct stake to 4,697,097 shares (approximately $330.6M), a 0.03% increase in her position.
• She accumulated shares across 11 separate purchases from April 1–16, totaling 13,183 shares for roughly $922,622, signaling sustained insider buying.
• Navios Maritime Partners has a market cap of ~$1.99B and a PE of 7.22, recently beat quarterly estimates with $3.40 EPS on $365.6M revenue, pays a small annualized dividend of $0.20 (yield 0.3%), and holds a consensus analyst rating of Buy.

Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou purchased 1,192 shares of Navios Maritime Partners stock in a transaction dated Tuesday, April 14th. The stock was bought at an average cost of $70.39 per share, for a total transaction of $83,904.88. Following the completion of the purchase, the insider directly owned 4,697,097 shares in the company, valued at approximately $330,628,657.83. This trade represents a 0.03% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, April 16th, Angeliki Frangou bought 1,199 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $69.71 per share, with a total value of $83,582.29.
• On Wednesday, April 15th, Angeliki Frangou acquired 1,201 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $70.23 per share, with a total value of $84,346.23.
• On Monday, April 13th, Angeliki Frangou purchased 1,204 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $70.24 per share, with a total value of $84,568.96.
• On Friday, April 10th, Angeliki Frangou purchased 1,188 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $68.94 per share, with a total value of $81,900.72.
• On Thursday, April 9th, Angeliki Frangou purchased 1,155 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $70.78 per share, with a total value of $81,750.90.
• On Wednesday, April 8th, Angeliki Frangou bought 1,208 shares of Navios Maritime Partners stock. The stock was bought at an average price of $71.40 per share, with a total value of $86,251.20.
• On Tuesday, April 7th, Angeliki Frangou acquired 1,173 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $70.09 per share, for a total transaction of $82,215.57.
• On Monday, April 6th, Angeliki Frangou bought 1,200 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $70.47 per share, for a total transaction of $84,564.00.
• On Thursday, April 2nd, Angeliki Frangou bought 1,229 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $69.46 per share, with a total value of $85,366.34.
• On Wednesday, April 1st, Angeliki Frangou bought 1,234 shares of Navios Maritime Partners stock. The stock was bought at an average price of $68.21 per share, for a total transaction of $84,171.14.

Navios Maritime Partners Stock Performance

Shares of Navios Maritime Partners stock traded down $0.04 on Thursday, reaching $69.43. 54,743 shares of the stock were exchanged, compared to its average volume of 153,458. The firm has a market capitalization of $1.99 billion, a PE ratio of 7.22 and a beta of 1.23. The business has a fifty day moving average price of $66.63 and a two-hundred day moving average price of $56.81. Navios Maritime Partners LP has a 1-year low of $31.13 and a 1-year high of $74.21. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $365.55 million for the quarter, compared to analysts' expectations of $316.00 million. Navios Maritime Partners had a net margin of 21.23% and a return on equity of 9.17%. The firm's revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.61 EPS. As a group, research analysts anticipate that Navios Maritime Partners LP will post 12.64 earnings per share for the current fiscal year.

Navios Maritime Partners Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Weiss Ratings raised Navios Maritime Partners from a "hold (c)" rating to a "buy (b-)" rating in a report on Tuesday, March 17th. Wall Street Zen raised Navios Maritime Partners from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 21st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Navios Maritime Partners currently has a consensus rating of "Buy".

Institutional Investors Weigh In On Navios Maritime Partners

A number of large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Navios Maritime Partners by 95.5% in the third 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. Arbiter Partners Capital Management LLC acquired a new position in Navios Maritime Partners in the third quarter worth about $1,117,000. ING Groep NV raised its holdings in shares of Navios Maritime Partners by 123.6% in the 3rd quarter. ING Groep NV now owns 96,600 shares of the shipping company's stock worth $4,352,000 after buying an additional 53,400 shares in the last quarter. Moors & Cabot Inc. raised its holdings in shares of Navios Maritime Partners by 0.8% in the 3rd quarter. Moors & Cabot Inc. now owns 92,682 shares of the shipping company's stock worth $4,175,000 after buying an additional 750 shares in the last quarter. Finally, Mariner LLC bought a new position in shares of Navios Maritime Partners during the 4th quarter worth approximately $208,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.