Navios Maritime Partners (NYSE:NMM) Insider Purchases $84,186.44 in Stock

Key Points

• Angeliki Frangou has been steadily buying Navios shares throughout April, most recently acquiring 1,196 shares on April 24 at $70.39 for $84,186.44, bringing her ownership to 4,706,675 shares valued at about $331.3M (a 0.03% increase).
• Navios reported a strong quarter with $3.40 EPS beating estimates ($2.41) and revenue of $365.6M (vs. $316M expected); the stock trades near $70 with a $2.02B market cap and a 12‑month range of $33.20–$74.21.
• Several analysts have raised their views—Wall Street Zen to strong-buy, Weiss to buy, and Jefferies initiating coverage with a $85 price target—giving the consensus a Buy rating and an average $85 target.

Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou purchased 1,196 shares of the company's stock in a transaction dated Friday, April 24th. The shares were acquired at an average price of $70.39 per share, for a total transaction of $84,186.44. Following the purchase, the insider owned 4,706,675 shares in the company, valued at $331,302,853.25. The trade was a 0.03% increase in their ownership of the stock. 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 Thursday, April 23rd, Angeliki Frangou acquired 1,187 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $70.22 per share, with a total value of $83,351.14.
• On Wednesday, April 22nd, Angeliki Frangou acquired 1,214 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $69.58 per share, with a total value of $84,470.12.
• On Monday, April 20th, Angeliki Frangou bought 1,190 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $70.30 per share, for a total transaction of $83,657.00.
• On Friday, April 17th, Angeliki Frangou bought 1,201 shares of Navios Maritime Partners stock. The shares were bought at an average price of $70.39 per share, for a total transaction of $84,538.39.
• On Tuesday, April 14th, Angeliki Frangou purchased 1,192 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $70.39 per share, with a total value of $83,904.88.
• On Thursday, April 16th, Angeliki Frangou purchased 1,199 shares of Navios Maritime Partners stock. The shares were bought at an average price of $69.71 per share, with a total value of $83,582.29.
• On Wednesday, April 15th, Angeliki Frangou purchased 1,201 shares of Navios Maritime Partners stock. The shares were bought at an average price of $70.23 per share, with a total value of $84,346.23.
• On Monday, April 13th, Angeliki Frangou acquired 1,204 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $70.24 per share, for a total transaction of $84,568.96.
• On Friday, April 10th, Angeliki Frangou acquired 1,188 shares of Navios Maritime Partners stock. The stock was bought at an average cost 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 bought at an average price of $70.78 per share, with a total value of $81,750.90.

Navios Maritime Partners Stock Performance

Navios Maritime Partners stock traded up $0.71 during trading hours on Friday, reaching $70.38. 75,444 shares of the company were exchanged, compared to its average volume of 130,124. Navios Maritime Partners LP has a 12 month low of $33.20 and a 12 month high of $74.21. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average of $67.64 and a 200 day moving average of $57.84. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 7.32 and a beta of 1.23.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last released 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. Navios Maritime Partners had a net margin of 21.23% and a return on equity of 9.17%. The company had revenue of $365.55 million for the quarter, compared to analyst estimates of $316.00 million. During the same quarter last year, the firm posted $2.61 earnings per share. The company's quarterly revenue was up 10.0% compared to the same quarter last year.

Navios Maritime Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, February 9th. Navios Maritime Partners's dividend payout ratio (DPR) is 2.08%.

Hedge Funds Weigh In On Navios Maritime Partners

A number of institutional investors and hedge funds have recently bought and sold shares of NMM. Royal Bank of Canada raised its stake in Navios Maritime Partners by 50.9% during the 4th quarter. Royal Bank of Canada now owns 599 shares of the shipping company's stock valued at $32,000 after purchasing an additional 202 shares during the last quarter. State of Wyoming acquired a new stake in Navios Maritime Partners in the 4th quarter worth $137,000. Corient Private Wealth LLC bought a new position in shares of Navios Maritime Partners during the 4th quarter worth about $207,000. Mariner LLC bought a new position in shares of Navios Maritime Partners during the 4th quarter worth about $208,000. Finally, Cerity Partners LLC acquired a new position in Navios Maritime Partners in the 2nd quarter valued at approximately $212,000. Institutional investors own 62.74% of the company's stock.

Wall Street Analyst Weigh In

NMM has been the subject of a number of 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 raised Navios Maritime Partners from a "hold (c)" rating to a "buy (b-)" rating in a research report on Tuesday, March 17th. Finally, Jefferies Financial Group assumed coverage on Navios Maritime Partners in a research note on Friday. They set a "buy" rating and a $85.00 target price for the company. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $85.00.

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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