Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Buys 1,064 Shares of Stock

Key Points

• Insider buying: Angeliki Frangou purchased 1,064 Navios Maritime Partners shares at an average $78.41, bringing her direct ownership to 4.79 million shares valued at approximately $375.2 million. The purchase was part of a series of recent acquisitions.
• Stock performance and fundamentals: NMM rose 0.1% to $79.09, near its 12-month high of $82.84. The company reported quarterly revenue growth of 17.4% year over year and earnings of $3.35 per share, exceeding analyst expectations.
• Analyst outlook and dividend: Analysts have a “Moderate Buy” consensus rating with an average price target of $85.00. Navios also announced a quarterly dividend of $0.06 per share, equivalent to a 0.3% annualized yield.

Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou bought 1,064 shares of the firm's stock in a transaction on Wednesday, August 5th. The shares were bought at an average cost of $78.41 per share, with a total value of $83,428.24. Following the purchase, the insider directly owned 4,785,615 shares in the company, valued at approximately $375,240,072.15. This trade represents a 0.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, August 7th, Angeliki Frangou purchased 1,054 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $78.94 per share, for a total transaction of $83,202.76.
• On Thursday, August 6th, Angeliki Frangou acquired 1,063 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $79.53 per share, with a total value of $84,540.39.
• On Tuesday, August 4th, Angeliki Frangou acquired 1,041 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $78.94 per share, with a total value of $82,176.54.
• On Monday, August 3rd, Angeliki Frangou bought 653 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $79.91 per share, for a total transaction of $52,181.23.
• On Friday, July 31st, Angeliki Frangou purchased 830 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $80.00 per share, with a total value of $66,400.00.
• On Thursday, July 30th, Angeliki Frangou purchased 1,068 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $78.37 per share, with a total value of $83,699.16.
• On Wednesday, July 29th, Angeliki Frangou purchased 1,051 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $78.55 per share, with a total value of $82,556.05.
• On Tuesday, July 28th, Angeliki Frangou acquired 1,072 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $78.59 per share, for a total transaction of $84,248.48.
• On Wednesday, July 22nd, Angeliki Frangou acquired 1,121 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $74.07 per share, for a total transaction of $83,032.47.
• On Tuesday, July 21st, Angeliki Frangou bought 1,149 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $74.03 per share, with a total value of $85,060.47.

Navios Maritime Partners Stock Up 0.1%

NMM stock traded up $0.06 during trading hours on Friday, hitting $79.09. The company's stock had a trading volume of 56,289 shares, compared to its average volume of 114,175. The stock has a 50 day moving average price of $74.14 and a two-hundred day moving average price of $69.58. Navios Maritime Partners LP has a 12 month low of $42.77 and a 12 month high of $82.84. The company has a market capitalization of $2.27 billion, a PE ratio of 6.66 and a beta of 1.02. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.57.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The shipping company reported $3.35 earnings per share 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 the consensus estimate of $317.80 million. During the same quarter last year, the firm earned $1.58 EPS. Navios Maritime Partners's revenue for the quarter was up 17.4% on a year-over-year basis.

Navios Maritime Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, August 10th. Navios Maritime Partners's dividend payout ratio (DPR) is 2.02%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NMM. Jefferies Financial Group started coverage on Navios Maritime Partners in a research note on Friday, April 24th. They set a "buy" rating and a $85.00 price target for the company. Weiss Ratings lowered Navios Maritime Partners from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $85.00.

Institutional Investors Weigh In On Navios Maritime Partners

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its position in shares of Navios Maritime Partners by 50.9% during the fourth quarter. Royal Bank of Canada now owns 599 shares of the shipping company's stock valued at $32,000 after purchasing an additional 202 shares during the period. Valley Wealth Managers Inc. bought a new position in Navios Maritime Partners in the first quarter worth $63,000. State of Wyoming bought a new position in Navios Maritime Partners in the fourth quarter worth $137,000. Corient Private Wealth LLC acquired a new stake in Navios Maritime Partners during the fourth quarter worth $207,000. Finally, Mariner LLC bought a new stake in Navios Maritime Partners in the 4th quarter valued at $208,000. 62.74% of the stock is currently owned by institutional investors.

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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