Navios Maritime Partners (NYSE:NMM) Insider Acquires $84,346.23 in Stock

Key Points

• Angeliki Frangou bought 1,201 shares of Navios Maritime Partners on April 15 at an average $70.23 (total $84,346.23) and after a series of daily purchases now directly owns 4,698,298 shares valued at about $329.96 million (a ~0.03% increase in her position).
• Navios (NYSE:NMM) is trading near $69.43 with a market cap of ~$1.99 billion and a P/E of 7.22, and it posted a strong quarter — $3.40 EPS vs. $2.41 expected and $365.6M revenue vs. $316M expected.
• The company pays a small quarterly dividend of $0.05 ($0.20 annualized, ~0.3% yield), and recent analyst moves include upgrades to Buy/Strong-Buy, leaving a MarketBeat consensus rating of "Buy."

Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou acquired 1,201 shares of the company's stock in a transaction dated Wednesday, April 15th. The stock was acquired at an average price of $70.23 per share, for a total transaction of $84,346.23. Following the completion of the purchase, the insider directly owned 4,698,298 shares of the company's stock, valued at $329,961,468.54. This trade represents a 0.03% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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 stock was purchased at an average price of $69.71 per share, with a total value of $83,582.29.
• On Monday, April 13th, Angeliki Frangou purchased 1,204 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $70.24 per share, for a total transaction of $84,568.96.
• On Friday, April 10th, Angeliki Frangou purchased 1,188 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $68.94 per share, for a total transaction of $81,900.72.
• On Thursday, April 9th, Angeliki Frangou acquired 1,155 shares of Navios Maritime Partners stock. The stock was purchased at an average price 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 cost of $71.40 per share, for a total transaction 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 price of $70.09 per share, with a total value of $82,215.57.
• On Monday, April 6th, Angeliki Frangou purchased 1,200 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $70.47 per share, with a total value of $84,564.00.
• On Thursday, April 2nd, Angeliki Frangou bought 1,229 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $69.46 per share, with a total value of $85,366.34.
• On Wednesday, April 1st, Angeliki Frangou purchased 1,234 shares of Navios Maritime Partners stock. The shares were bought at an average price 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 bought at an average price of $64.87 per share, with a total value of $83,617.43.

Navios Maritime Partners Trading Down 0.1%

NYSE NMM traded down $0.04 on Thursday, reaching $69.43. The company had a trading volume of 54,743 shares, compared to its average volume of 153,458. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.12 and a quick ratio of 1.13. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 7.22 and a beta of 1.23. The business has a 50 day moving average of $66.63 and a two-hundred day moving average of $56.81. Navios Maritime Partners LP has a fifty-two week low of $31.13 and a fifty-two week high of $74.21.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.99. The business 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 for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.61 EPS. 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. Investors of record on Monday, February 9th were given a $0.05 dividend. The ex-dividend date was Monday, February 9th. This represents a $0.20 annualized dividend and a yield of 0.3%. Navios Maritime Partners's payout ratio is 2.08%.

Institutional Investors Weigh In On Navios Maritime Partners

A number of large investors have recently made changes to their positions in NMM. ION Fund Management Ltd acquired a new position in Navios Maritime Partners during the fourth quarter valued at $24,432,000. Marnell Management LLC acquired a new position in shares of Navios Maritime Partners during the 4th quarter worth about $5,027,000. ING Groep NV raised its position in shares of Navios Maritime Partners by 123.6% during the 3rd quarter. ING Groep NV now owns 96,600 shares of the shipping company's stock worth $4,352,000 after purchasing an additional 53,400 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Navios Maritime Partners by 150.9% during the 4th quarter. JPMorgan Chase & Co. now owns 87,535 shares of the shipping company's stock valued at $4,589,000 after acquiring an additional 52,651 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in Navios Maritime Partners during the 4th quarter valued at about $1,507,000. 62.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Weiss Ratings raised shares of 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 report on Saturday, March 21st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company 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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