Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Buys 1,171 Shares

Key Points

• Angeliki Frangou purchased 1,171 shares on May 5 at $74.55 as part of a late‑April/early‑May buying spree of roughly 12,800 shares, and now directly owns 4,714,835 shares valued at about $351.5 million (a 0.02% ownership increase).
• Navios beat expectations for the quarter with EPS of $3.40 versus $2.41 consensus and revenue of $365.6 million, up about 10% year‑over‑year.
• The company raised its quarterly dividend to $0.06 (annualized $0.24, yield ~0.3%) and carries a consensus Buy rating from analysts with an $85 average price target.

Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou bought 1,171 shares of the firm's stock in a transaction that occurred on Tuesday, May 5th. The shares were purchased at an average cost of $74.55 per share, with a total value of $87,298.05. Following the purchase, the insider directly owned 4,714,835 shares of the company's stock, valued at approximately $351,490,949.25. This represents a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, May 7th, Angeliki Frangou purchased 1,135 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $72.49 per share, for a total transaction of $82,276.15.
• On Wednesday, May 6th, Angeliki Frangou purchased 1,086 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $74.77 per share, with a total value of $81,200.22.
• On Monday, May 4th, Angeliki Frangou acquired 1,169 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $71.74 per share, with a total value of $83,864.06.
• On Friday, May 1st, Angeliki Frangou acquired 1,155 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $71.08 per share, for a total transaction of $82,097.40.
• On Thursday, April 30th, Angeliki Frangou bought 1,176 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $72.03 per share, for a total transaction of $84,707.28.
• On Wednesday, April 29th, Angeliki Frangou bought 1,159 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $71.72 per share, with a total value of $83,123.48.
• On Tuesday, April 28th, Angeliki Frangou bought 1,145 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $72.08 per share, with a total value of $82,531.60.
• On Monday, April 27th, Angeliki Frangou bought 1,185 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $71.44 per share, with a total value of $84,656.40.
• On Friday, April 24th, Angeliki Frangou purchased 1,196 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $70.39 per share, for a total transaction of $84,186.44.
• On Thursday, April 23rd, Angeliki Frangou purchased 1,187 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $70.22 per share, for a total transaction of $83,351.14.

Navios Maritime Partners Price Performance

Shares of NYSE NMM traded down $1.48 during trading on Thursday, hitting $71.88. The company had a trading volume of 125,370 shares, compared to its average volume of 131,988. Navios Maritime Partners LP has a 52 week low of $35.93 and a 52 week high of $77.90. The business's 50-day moving average is $68.61 and its 200 day moving average is $59.42. The company has a market cap of $2.06 billion, a P/E ratio of 7.48 and a beta of 1.06. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.12.

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

Navios Maritime Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, May 11th 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, May 11th. This is a boost from Navios Maritime Partners's previous quarterly dividend of $0.05. Navios Maritime Partners's dividend payout ratio is presently 2.08%.

Hedge Funds Weigh In On Navios Maritime Partners

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted 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 worth $1,572,000 after purchasing an additional 17,040 shares in the last quarter. Arbiter Partners Capital Management LLC purchased a new position in Navios Maritime Partners during the third quarter valued at approximately $1,117,000. ING Groep NV increased its stake 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 valued at $4,352,000 after buying an additional 53,400 shares during the period. Qube Research & Technologies Ltd acquired a new position in Navios Maritime Partners in the 3rd quarter valued at approximately $639,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Navios Maritime Partners in the 4th quarter worth approximately $572,000. Hedge funds and other institutional investors own 62.74% of the company's stock.

Analysts Set New Price Targets

NMM has been the subject of several recent analyst reports. 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. Weiss Ratings upgraded shares of Navios Maritime Partners from a "hold (c)" rating to a "buy (b-)" rating in a report on Tuesday, March 17th. Finally, Jefferies Financial Group started coverage on shares of Navios Maritime Partners in a research report on Friday, April 24th. They issued a "buy" rating and a $85.00 price target for the company. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $85.00.

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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