Navios Maritime Partners (NYSE:NMM) Insider Angeliki Frangou Purchases 1,214 Shares

Key Points

• Angeliki Frangou bought 1,214 shares on April 22 at $69.58 and, across multiple April purchases totaling about 13,127 shares, now owns 4,704,292 shares valued at roughly $327.3 million (a 0.03% increase in ownership).
• Navios reported a strong quarter with $3.40 EPS (vs. $2.41 expected) and $365.6M revenue, while the stock trades around $70.38 with a 52-week range of $33.20–$74.21, a market cap of $2.02B and a P/E of 7.32.
• Analysts have turned more positive recently, including upgrades from Wall Street Zen (to strong-buy) and Weiss (to buy), and Jefferies initiating coverage with a $85 price target, leaving the consensus rating at "Buy."

Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou purchased 1,214 shares of the company's stock in a transaction dated Wednesday, April 22nd. The shares were bought at an average cost of $69.58 per share, for a total transaction of $84,470.12. Following the acquisition, the insider owned 4,704,292 shares in the company, valued at approximately $327,324,637.36. The trade was a 0.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, April 24th, Angeliki Frangou purchased 1,196 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $70.39 per share, for a total transaction of $84,186.44.
• On Thursday, April 23rd, Angeliki Frangou bought 1,187 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $70.22 per share, for a total transaction of $83,351.14.
• On Monday, April 20th, Angeliki Frangou acquired 1,190 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $70.30 per share, for a total transaction of $83,657.00.
• On Friday, April 17th, Angeliki Frangou purchased 1,201 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $70.39 per share, for a total transaction of $84,538.39.
• On Tuesday, April 14th, Angeliki Frangou bought 1,192 shares of Navios Maritime Partners stock. The shares were bought at an average price of $70.39 per share, for a total transaction of $83,904.88.
• On Thursday, April 16th, Angeliki Frangou acquired 1,199 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $69.71 per share, for a total transaction of $83,582.29.
• On Wednesday, April 15th, Angeliki Frangou purchased 1,201 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $70.23 per share, with a total value of $84,346.23.
• On Monday, April 13th, Angeliki Frangou bought 1,204 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $70.24 per share, with a total value of $84,568.96.
• On Friday, April 10th, Angeliki Frangou acquired 1,188 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $68.94 per share, with a total value of $81,900.72.
• On Thursday, April 9th, Angeliki Frangou purchased 1,155 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $70.78 per share, with a total value of $81,750.90.

Navios Maritime Partners Price Performance

Shares of NMM stock traded up $0.71 during mid-day trading on Friday, hitting $70.38. The company had a trading volume of 75,444 shares, compared to its average volume of 130,124. 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 stock's 50 day moving average price is $67.64 and its 200-day moving average price is $57.84. Navios Maritime Partners LP has a 52-week low of $33.20 and a 52-week high of $74.21. The company has a market capitalization of $2.02 billion, a P/E ratio of 7.32 and a beta of 1.23.

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

Navios Maritime Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were issued a $0.05 dividend. The ex-dividend date was Monday, February 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. Navios Maritime Partners's dividend payout ratio is presently 2.08%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised Navios Maritime Partners from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 21st. 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. Finally, Jefferies Financial Group assumed coverage on shares of Navios Maritime Partners in a report on Friday. They set a "buy" rating and a $85.00 target price on the stock. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $85.00.

Institutional Trading of Navios Maritime Partners

A number of institutional investors have recently bought and sold shares of the stock. 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 shares of Navios Maritime Partners in the 3rd quarter valued at $1,117,000. ING Groep NV increased its stake in shares of Navios Maritime Partners by 123.6% in the third quarter. ING Groep NV now owns 96,600 shares of the shipping company's stock worth $4,352,000 after acquiring an additional 53,400 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Navios Maritime Partners in the fourth quarter worth $572,000. Finally, Empowered Funds LLC purchased a new position in shares of Navios Maritime Partners during the fourth quarter worth $329,000. 62.74% of the stock is currently owned by institutional investors and hedge funds.

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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