Key Points
- Angeliki Frangou bought a total of 3,771 Navios Maritime Partners shares between March 19–23 for about $249,550, bringing her direct stake to 4,676,205 shares (≈$313.3M), a 0.03% increase.
- Navios beat quarterly expectations, reporting EPS of $3.40 (vs. $2.41 expected) and revenue of $365.6M (vs. $316M), and the stock has received recent analyst upgrades to "strong-buy"/"buy."
- The shares trade at a low valuation with a PE of 6.83, market cap of $1.88B and a 52‑week range of $28.37–$74.21; the company pays a quarterly $0.05 dividend (annualized yield ~0.3%).
Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou bought 1,235 shares of the company's stock in a transaction dated Thursday, March 19th. The shares were acquired at an average cost of $67.00 per share, with a total value of $82,745.00. Following the acquisition, the insider directly owned 4,676,205 shares of the company's stock, valued at approximately $313,305,735. This represents a 0.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Angeliki Frangou also recently made the following trade(s):
- On Monday, March 23rd, Angeliki Frangou bought 1,289 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $64.87 per share, with a total value of $83,617.43.
- On Friday, March 20th, Angeliki Frangou purchased 1,247 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $66.71 per share, for a total transaction of $83,187.37.
Navios Maritime Partners Stock Performance
NMM opened at $65.60 on Tuesday. Navios Maritime Partners LP has a twelve month low of $28.37 and a twelve month high of $74.21. The firm has a market capitalization of $1.88 billion, a PE ratio of 6.83 and a beta of 1.31. 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 firm's 50-day moving average price is $62.81 and its 200 day moving average price is $54.36.
Navios Maritime Partners (NYSE:NMM - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $316.00 million. During the same quarter in the prior year, the firm earned $2.61 EPS. Navios Maritime Partners's quarterly revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts expect that Navios Maritime Partners LP will post 12.64 EPS for the current fiscal year.
Navios Maritime Partners Dividend Announcement
The business also recently declared 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 dividend 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 Investors Weigh In On Navios Maritime Partners
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NMM. Royal Bank of Canada raised its position in Navios Maritime Partners by 50.9% in the fourth 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 period. Allworth Financial LP purchased a new position in shares of Navios Maritime Partners during the 2nd quarter worth $47,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Navios Maritime Partners during the 2nd quarter worth about $62,000. State of Wyoming acquired a new stake in shares of Navios Maritime Partners during the 4th quarter worth about $137,000. Finally, Corient Private Wealth LLC purchased a new stake in Navios Maritime Partners in the 4th quarter valued at about $207,000. Institutional investors and hedge funds own 62.74% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on NMM shares. Wall Street Zen raised Navios Maritime Partners from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Weiss Ratings raised Navios Maritime Partners from a "hold (c)" rating to a "buy (b-)" rating in a research note on Tuesday, March 17th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy".
View Our Latest Research Report on Navios Maritime Partners
Navios Maritime Partners Company Profile
(
Get Free Report)
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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