Navios Maritime Partners (NYSE:NMM) Insider Buys $84,540.39 in Stock

Key Points

• Insider buying: Angeliki Frangou purchased 1,063 Navios Maritime Partners shares for $84,540.39, increasing her direct ownership to approximately 4.79 million shares. The transaction was part of a series of recent purchases.
• Stock and earnings performance: NMM traded near $79, close to its 52-week high of $82.84. The company’s latest quarterly results exceeded expectations, with $3.35 in EPS and $357.01 million in revenue, up 17.4% year over year.
• Dividend and analyst outlook: Navios declared a quarterly dividend of $0.06 per share, while analysts’ consensus rating remained “Moderate Buy” with an $85 price target. Institutional investors own approximately 62.74% of the company.

Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou purchased 1,063 shares of the stock in a transaction on Thursday, August 6th. The stock was bought at an average price of $79.53 per share, for a total transaction of $84,540.39. Following the completion of the transaction, the insider directly owned 4,786,678 shares of the company's stock, valued at approximately $380,684,501.34. This trade represents a 0.02% increase in their ownership of the stock. The acquisition 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 purchased at an average price of $78.94 per share, for a total transaction of $83,202.76.
• On Wednesday, August 5th, Angeliki Frangou bought 1,064 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $78.41 per share, with a total value of $83,428.24.
• On Tuesday, August 4th, Angeliki Frangou bought 1,041 shares of Navios Maritime Partners stock. The shares were bought at an average price of $78.94 per share, for a total transaction of $82,176.54.
• On Monday, August 3rd, Angeliki Frangou purchased 653 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $79.91 per share, with a total value of $52,181.23.
• On Friday, July 31st, Angeliki Frangou bought 830 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $80.00 per share, with a total value of $66,400.00.
• On Thursday, July 30th, Angeliki Frangou acquired 1,068 shares of Navios Maritime Partners stock. The stock was bought 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 bought 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, with a total value of $84,248.48.
• On Wednesday, July 22nd, Angeliki Frangou bought 1,121 shares of Navios Maritime Partners stock. The shares were bought at an average price of $74.07 per share, for a total transaction of $83,032.47.
• On Tuesday, July 21st, Angeliki Frangou acquired 1,149 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $74.03 per share, for a total transaction of $85,060.47.

Navios Maritime Partners Stock Up 0.1%

Shares of NYSE:NMM traded up $0.06 during mid-day trading on Friday, reaching $79.09. 56,289 shares of the stock were exchanged, compared to its average volume of 114,175. Navios Maritime Partners LP has a one year low of $42.77 and a one year high of $82.84. The stock's 50 day simple moving average is $74.14 and its 200-day simple moving average is $69.58. The company has a market cap of $2.27 billion, a P/E 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 data on Thursday, May 21st. The shipping company reported $3.35 EPS for the quarter, beating the consensus estimate of $2.77 by $0.58. The company had revenue of $357.01 million during the quarter, compared to the consensus estimate of $317.80 million. Navios Maritime Partners had a return on equity of 10.48% and a net margin of 25.05%.The firm's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.58 EPS.

Navios Maritime Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Navios Maritime Partners's payout ratio is 2.02%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. ION Fund Management Ltd bought a new stake in Navios Maritime Partners during the fourth quarter valued at approximately $24,432,000. Walleye Capital LLC lifted its position in Navios Maritime Partners by 45,274.3% in the 1st quarter. Walleye Capital LLC now owns 149,527 shares of the shipping company's stock worth $10,090,000 after buying an additional 149,858 shares during the last quarter. Marnell Management LLC purchased a new stake in Navios Maritime Partners in the fourth quarter worth approximately $5,027,000. Bank of America Corp DE grew its position in Navios Maritime Partners by 57.6% during the first quarter. Bank of America Corp DE now owns 199,141 shares of the shipping company's stock valued at $13,438,000 after acquiring an additional 72,754 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Navios Maritime Partners by 150.9% during the fourth quarter. JPMorgan Chase & Co. now owns 87,535 shares of the shipping company's stock worth $4,589,000 after acquiring an additional 52,651 shares in the last quarter. Hedge funds and other institutional investors own 62.74% of the company's stock.

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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