Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Buys 1,132 Shares

Key Points

• Insider buying continued: Navios Maritime Partners insider Angeliki Frangou bought 1,132 shares at an average price of $72.61, and she has made multiple additional purchases in late May. Her holdings now total about 4.73 million shares.
• Strong quarterly results: The company reported Q1 EPS of $3.35, beating estimates by $0.58, while revenue of $357.01 million also topped expectations. Revenue rose 17.4% year over year.
• Dividend and analyst outlook: Navios Maritime Partners increased its quarterly dividend to $0.06 per share from $0.05, and analysts currently have a Moderate Buy consensus with an average price target of $85.00.

Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou purchased 1,132 shares of Navios Maritime Partners stock in a transaction dated Wednesday, May 27th. The stock was bought at an average cost of $72.61 per share, with a total value of $82,194.52. Following the completion of the transaction, the insider owned 4,731,853 shares in the company, valued at approximately $343,579,846.33. This represents a 0.02% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, May 29th, Angeliki Frangou purchased 1,196 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $69.57 per share, with a total value of $83,205.72.
• On Thursday, May 28th, Angeliki Frangou purchased 1,170 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $70.65 per share, with a total value of $82,660.50.
• On Tuesday, May 26th, Angeliki Frangou purchased 1,118 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $73.63 per share, with a total value of $82,318.34.
• On Friday, May 22nd, Angeliki Frangou purchased 1,116 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $74.30 per share, with a total value of $82,918.80.
• On Thursday, May 21st, Angeliki Frangou purchased 1,107 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $77.81 per share, with a total value of $86,135.67.
• On Wednesday, May 20th, Angeliki Frangou purchased 1,113 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $75.48 per share, with a total value of $84,009.24.
• On Tuesday, May 19th, Angeliki Frangou purchased 1,160 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $73.24 per share, with a total value of $84,958.40.
• On Monday, May 18th, Angeliki Frangou purchased 1,163 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $71.85 per share, with a total value of $83,561.55.
• On Friday, May 15th, Angeliki Frangou purchased 1,172 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $70.93 per share, with a total value of $83,129.96.
• On Thursday, May 14th, Angeliki Frangou purchased 1,169 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $71.61 per share, with a total value of $83,712.09.

Navios Maritime Partners Stock Down 0.6%

Shares of NMM traded down $0.43 during trading hours on Friday, hitting $69.23. The company had a trading volume of 150,803 shares, compared to its average volume of 158,294. The company has a market capitalization of $1.98 billion, a PE ratio of 5.83 and a beta of 1.06. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.57. Navios Maritime Partners LP has a one year low of $36.62 and a one year high of $80.69. The company's fifty day moving average price is $70.51 and its two-hundred day moving average price is $62.20.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The shipping company reported $3.35 EPS for the quarter, topping the consensus estimate of $2.77 by $0.58. The firm had revenue of $357.01 million during the quarter, compared to analyst estimates of $317.80 million. Navios Maritime Partners had a return on equity of 10.48% and a net margin of 25.05%.The business's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.58 EPS.

Navios Maritime Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were paid a dividend of $0.06 per share. This is a positive change from Navios Maritime Partners's previous quarterly dividend of $0.05. The ex-dividend date was Monday, May 11th. This represents a $0.24 annualized dividend and a yield of 0.3%. Navios Maritime Partners's dividend payout ratio (DPR) is presently 2.02%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NMM shares. Wall Street Zen upgraded Navios Maritime Partners from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 21st. Weiss Ratings downgraded Navios Maritime Partners from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday. Finally, 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 target price on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Navios Maritime Partners currently has a consensus rating of "Moderate Buy" and an average price target of $85.00.

Institutional Trading of Navios Maritime Partners

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Navios Maritime Partners by 95.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 34,884 shares of the shipping company's stock valued at $1,572,000 after purchasing an additional 17,040 shares during the last quarter. Arbiter Partners Capital Management LLC purchased a new stake in Navios Maritime Partners during the 3rd quarter valued at about $1,117,000. ING Groep NV grew its stake in Navios Maritime Partners by 123.6% during the 3rd quarter. ING Groep NV now owns 96,600 shares of the shipping company's stock valued at $4,352,000 after purchasing an additional 53,400 shares during the last quarter. Moors & Cabot Inc. grew its stake in Navios Maritime Partners by 0.8% during the 3rd quarter. Moors & Cabot Inc. now owns 92,682 shares of the shipping company's stock valued at $4,175,000 after purchasing an additional 750 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. grew its stake in Navios Maritime Partners by 6.4% during the 3rd quarter. Mraz Amerine & Associates Inc. now owns 43,291 shares of the shipping company's stock valued at $1,950,000 after purchasing an additional 2,621 shares during the last quarter. Hedge funds and other institutional investors own 62.74% of the company's stock.

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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