Navios Maritime Partners (NYSE:NMM) Insider Buys $84,568.96 in Stock

Key Points

• Insider Angeliki Frangou purchased 1,204 shares on April 13 at $70.24 for $84,568.96, bringing her total holdings to 4,695,905 shares (a 0.03% increase).
• The April 13 trade is part of a string of consecutive buys in March–April (roughly 1,100–1,300 shares per trade), indicating sustained insider accumulation.
• Navios posted a EPS beat ($3.40 vs. $2.41 expected), the stock traded up about 0.9% to $69.79, the company has a market cap near $2.0 billion, and it pays a quarterly dividend of $0.05 (annualized $0.20, ~0.3% yield).

Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou bought 1,204 shares of the company's stock in a transaction that occurred on Monday, April 13th. The stock was purchased at an average price of $70.24 per share, for a total transaction of $84,568.96. Following the acquisition, the insider owned 4,695,905 shares of the company's stock, valued at $329,840,367.20. This trade represents a 0.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Friday, April 10th, Angeliki Frangou bought 1,188 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $68.94 per share, for a total transaction of $81,900.72.
• On Thursday, April 9th, Angeliki Frangou bought 1,155 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $70.78 per share, for a total transaction of $81,750.90.
• On Wednesday, April 8th, Angeliki Frangou bought 1,208 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $71.40 per share, for a total transaction of $86,251.20.
• On Tuesday, April 7th, Angeliki Frangou bought 1,173 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $70.09 per share, for a total transaction of $82,215.57.
• On Monday, April 6th, Angeliki Frangou bought 1,200 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $70.47 per share, for a total transaction of $84,564.00.
• On Thursday, April 2nd, Angeliki Frangou bought 1,229 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $69.46 per share, for a total transaction of $85,366.34.
• On Wednesday, April 1st, Angeliki Frangou bought 1,234 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $68.21 per share, for a total transaction of $84,171.14.
• On Monday, March 23rd, Angeliki Frangou bought 1,289 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $64.87 per share, for a total transaction of $83,617.43.
• On Friday, March 20th, Angeliki Frangou bought 1,247 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $66.71 per share, for a total transaction of $83,187.37.
• On Thursday, March 19th, Angeliki Frangou bought 1,235 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $67.00 per share, for a total transaction of $82,745.00.

Navios Maritime Partners Trading Up 0.9%

NMM stock traded up $0.62 during midday trading on Monday, hitting $69.79. The stock had a trading volume of 127,161 shares, compared to its average volume of 164,948. The firm has a market cap of $2.00 billion, a P/E ratio of 7.26 and a beta of 1.23. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Navios Maritime Partners LP has a 1-year low of $31.13 and a 1-year high of $74.21. The business has a fifty day moving average price of $66.06 and a two-hundred day moving average price of $56.48.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last released its earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.99. Navios Maritime Partners had a net margin of 21.23% and a return on equity of 9.17%. The business had revenue of $365.55 million for the quarter, compared to analyst estimates of $316.00 million. During the same quarter in the previous year, the business earned $2.61 earnings per share. Navios Maritime Partners's revenue for the quarter was up 10.0% on a year-over-year basis. On average, sell-side analysts predict that Navios Maritime Partners LP will post 12.64 earnings per share for the current fiscal year.

Navios Maritime Partners Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on NMM. Wall Street Zen raised shares of Navios Maritime Partners from a "buy" rating to a "strong-buy" rating in a research note 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. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy".

Institutional Investors Weigh In On Navios Maritime Partners

Several hedge funds and other institutional investors have recently made changes to their positions in NMM. ION Fund Management Ltd bought a new stake in shares of Navios Maritime Partners during the fourth quarter worth about $24,432,000. Marnell Management LLC bought a new stake in shares of Navios Maritime Partners during the fourth quarter worth about $5,027,000. ING Groep NV increased its position in shares of Navios Maritime Partners by 123.6% during 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 in the last quarter. JPMorgan Chase & Co. increased its position 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. Finally, Millennium Management LLC bought a new stake in shares of Navios Maritime Partners during the fourth quarter worth about $1,507,000. 62.74% of the stock is 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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