Navios Maritime Partners (NYSE:NMM) Insider Purchases $83,582.29 in Stock

Key Points

• Angeliki Frangou purchased 1,199 shares of Navios Maritime Partners on April 16 at $69.71 (worth $83,582.29), part of a string of insider buys in March–April that left her with 4,699,497 shares valued at about $327.6 million (a 0.03% increase in her position).
• Navios recently reported a strong quarter—$3.40 EPS vs. $2.41 expected and revenue of $365.6M (up 10% YoY)—and the stock trades around $69.43 with a market cap of ~$1.99B and a small annualized dividend yield of 0.3%.

Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou bought 1,199 shares of Navios Maritime Partners stock in a transaction that occurred on Thursday, April 16th. The shares were acquired at an average price of $69.71 per share, with a total value of $83,582.29. Following the acquisition, the insider directly owned 4,699,497 shares of the company's stock, valued at $327,601,935.87. The trade was a 0.03% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, April 15th, Angeliki Frangou bought 1,201 shares of Navios Maritime Partners stock. The shares were acquired 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 shares were acquired at an average price of $70.24 per share, with a total value of $84,568.96.
• On Friday, April 10th, Angeliki Frangou bought 1,188 shares of Navios Maritime Partners stock. The shares were acquired at an average price 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 purchased at an average price of $70.78 per share, with a total value of $81,750.90.
• On Wednesday, April 8th, Angeliki Frangou purchased 1,208 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $71.40 per share, with a total value of $86,251.20.
• On Tuesday, April 7th, Angeliki Frangou purchased 1,173 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $70.09 per share, with a total value of $82,215.57.
• On Monday, April 6th, Angeliki Frangou purchased 1,200 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $70.47 per share, with a total value of $84,564.00.
• On Thursday, April 2nd, Angeliki Frangou acquired 1,229 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $69.46 per share, for a total transaction of $85,366.34.
• On Wednesday, April 1st, Angeliki Frangou acquired 1,234 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $68.21 per share, for a total transaction of $84,171.14.
• On Monday, March 23rd, Angeliki Frangou acquired 1,289 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $64.87 per share, for a total transaction of $83,617.43.

Navios Maritime Partners Stock Performance

Shares of NMM traded down $0.04 during trading hours on Thursday, hitting $69.43. The company had a trading volume of 54,743 shares, compared to its average volume of 153,458. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 7.22 and a beta of 1.23. The business has a fifty day moving average of $66.63 and a 200-day moving average of $56.81. Navios Maritime Partners LP has a 12 month low of $31.13 and a 12 month high of $74.21. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 0.56.

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

Navios Maritime Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, February 9th. Navios Maritime Partners's dividend payout ratio (DPR) is currently 2.08%.

Institutional Trading of Navios Maritime Partners

Institutional investors and hedge funds have recently made changes to their positions in the company. ION Fund Management Ltd acquired a new stake in shares of Navios Maritime Partners during the 4th quarter worth approximately $24,432,000. Marnell Management LLC acquired a new position in Navios Maritime Partners during the fourth quarter valued at approximately $5,027,000. ING Groep NV raised its position in Navios Maritime Partners by 123.6% during the third 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 in the last quarter. JPMorgan Chase & Co. raised its position in Navios Maritime Partners by 150.9% during the fourth quarter. JPMorgan Chase & Co. now owns 87,535 shares of the shipping company's stock valued at $4,589,000 after purchasing an additional 52,651 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in Navios Maritime Partners during the fourth quarter valued at approximately $1,507,000. Institutional investors own 62.74% of the company's stock.

Wall Street Analyst Weigh In

NMM has been the topic of a number of recent research reports. Weiss Ratings raised shares of Navios Maritime Partners from a "hold (c)" rating to a "buy (b-)" rating in a research report on Tuesday, March 17th. Wall Street Zen raised shares of Navios Maritime Partners from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 21st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy".

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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