Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Acquires 1,187 Shares

Key Points

• Angeliki Frangou bought a total of 13,127 shares of Navios Maritime Partners across multiple April transactions (latest 1,187 shares on April 23 at $70.22), bringing her holdings to 4,705,479 shares valued at about $330.4 million — a 0.03% increase in ownership.
• Navios reported a strong quarter with $3.40 EPS vs. $2.41 expected and $365.6M revenue, its stock traded at $70.38 (up ~1%), and analysts hold a consensus Buy rating with an average price target of $85.00.

Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou bought 1,187 shares of the business's stock in a transaction on Thursday, April 23rd. The stock was purchased at an average cost of $70.22 per share, with a total value of $83,351.14. Following the purchase, the insider owned 4,705,479 shares of the company's stock, valued at $330,418,735.38. This represents a 0.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, April 24th, Angeliki Frangou acquired 1,196 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $70.39 per share, for a total transaction of $84,186.44.
• On Wednesday, April 22nd, Angeliki Frangou purchased 1,214 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $69.58 per share, for a total transaction of $84,470.12.
• On Monday, April 20th, Angeliki Frangou bought 1,190 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $70.30 per share, for a total transaction of $83,657.00.
• On Friday, April 17th, Angeliki Frangou acquired 1,201 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $70.39 per share, for a total transaction of $84,538.39.
• On Tuesday, April 14th, Angeliki Frangou purchased 1,192 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $70.39 per share, for a total transaction of $83,904.88.
• On Thursday, April 16th, Angeliki Frangou bought 1,199 shares of Navios Maritime Partners stock. The shares were acquired at an average price 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 stock was bought at an average price 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 stock was bought at an average cost of $70.24 per share, with a total value of $84,568.96.
• On Friday, April 10th, Angeliki Frangou bought 1,188 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $68.94 per share, with a total value of $81,900.72.
• On Thursday, April 9th, Angeliki Frangou acquired 1,155 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $70.78 per share, with a total value of $81,750.90.

Navios Maritime Partners Stock Up 1.0%

NYSE NMM traded up $0.71 during trading hours on Friday, reaching $70.38. 75,444 shares of the company's stock traded hands, compared to its average volume of 130,124. Navios Maritime Partners LP has a 52-week low of $33.20 and a 52-week high of $74.21. 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 50-day simple moving average of $67.64 and a 200 day simple moving average of $57.84. The firm has a market cap of $2.02 billion, a PE ratio of 7.32 and a beta of 1.23.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last released its earnings results on Thursday, February 19th. The shipping company reported $3.40 EPS for the quarter, topping the consensus estimate of $2.41 by $0.99. The business had revenue of $365.55 million for the quarter, compared to the consensus estimate of $316.00 million. Navios Maritime Partners had a return on equity of 9.17% and a net margin of 21.23%.The company's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.61 earnings per share.

Navios Maritime Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders 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 dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, February 9th. Navios Maritime Partners's dividend payout ratio is presently 2.08%.

Institutional Trading of Navios Maritime Partners

Several large investors have recently added to or reduced their stakes in NMM. ION Fund Management Ltd bought a new position in Navios Maritime Partners in the fourth quarter worth approximately $24,432,000. Marnell Management LLC bought a new stake in shares of Navios Maritime Partners during the 4th quarter valued at $5,027,000. ING Groep NV raised its holdings in 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 purchasing an additional 53,400 shares during the period. JPMorgan Chase & Co. lifted its position in Navios Maritime Partners by 150.9% during the fourth quarter. JPMorgan Chase & Co. now owns 87,535 shares of the shipping company's stock valued at $4,589,000 after purchasing an additional 52,651 shares in the last quarter. Finally, Millennium Management LLC bought a new position in shares of Navios Maritime Partners in the fourth quarter worth about $1,507,000. 62.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Weiss Ratings upgraded Navios Maritime Partners from a "hold (c)" rating to a "buy (b-)" rating in a report on Tuesday, March 17th. Jefferies Financial Group started coverage on shares of Navios Maritime Partners in a report on Friday. They set a "buy" rating and a $85.00 price target on the stock. Finally, 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. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $85.00.

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.

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