Key Points
- Angeliki Frangou bought 1,234 shares of Navios Maritime Partners on April 1 at an average price of $68.21 under a pre-arranged Rule 10b5-1 plan, increasing her direct holdings to 4,687,548 shares (≈$319.7M) as part of several small purchases in March–April.
- Navios posted a strong quarter, reporting EPS of $3.40 versus $2.41 expected and revenue of $365.6M (beating estimates), with sell-side analysts forecasting roughly 12.64 EPS for the current year.
- The stock trades near $69.58 with a 50‑day/200‑day moving average of $64.75/$55.45, a 52‑week range of $28.37–$74.21, a market cap of about $1.99B, a low dividend yield (0.3%), and recent analyst upgrades to buy/strong‑buy ratings.
Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou bought 1,234 shares of the company's stock in a transaction on Wednesday, April 1st. The shares were acquired at an average cost of $68.21 per share, for a total transaction of $84,171.14. Following the completion of the acquisition, the insider directly owned 4,687,548 shares of the company's stock, valued at $319,737,649.08. This trade represents a 0.03% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Angeliki Frangou also recently made the following trade(s):
- On Thursday, April 2nd, Angeliki Frangou purchased 1,229 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $69.46 per share, with a total value of $85,366.34.
- On Monday, March 23rd, Angeliki Frangou acquired 1,289 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $64.87 per share, with a total value of $83,617.43.
- On Friday, March 20th, Angeliki Frangou acquired 1,247 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $66.71 per share, with a total value of $83,187.37.
- On Thursday, March 19th, Angeliki Frangou acquired 1,235 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $67.00 per share, for a total transaction of $82,745.00.
Navios Maritime Partners Stock Performance
Shares of NYSE NMM opened at $69.58 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 0.56. The firm's 50-day moving average price is $64.75 and its two-hundred day moving average price is $55.45. Navios Maritime Partners LP has a 52-week low of $28.37 and a 52-week high of $74.21. The stock has a market capitalization of $1.99 billion, a P/E ratio of 7.24 and a beta of 1.23.
Navios Maritime Partners (NYSE:NMM - Get Free Report) last posted its earnings results on Thursday, February 19th. The shipping company reported $3.40 EPS for the quarter, beating the consensus estimate of $2.41 by $0.99. The company had revenue of $365.55 million during the quarter, compared to analyst estimates of $316.00 million. Navios Maritime Partners had a return on equity of 9.17% and a net margin of 21.23%.The business's revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.61 earnings per share. As a group, sell-side analysts forecast that Navios Maritime Partners LP will post 12.64 earnings per share for the current year.
Navios Maritime Partners Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were paid 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 was Monday, February 9th. Navios Maritime Partners's dividend payout ratio is presently 2.08%.
Hedge Funds Weigh In On Navios Maritime Partners
Several hedge funds and other institutional investors have recently made changes to their positions in NMM. Arbiter Partners Capital Management LLC bought a new position in Navios Maritime Partners in the 3rd quarter worth approximately $1,117,000. ING Groep NV increased its position in Navios Maritime Partners by 123.6% in the 3rd quarter. ING Groep NV now owns 96,600 shares of the shipping company's stock valued at $4,352,000 after acquiring an additional 53,400 shares during the period. 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 acquiring an additional 202 shares in the last quarter. Marnell Management LLC acquired a new position in Navios Maritime Partners during the 4th quarter worth $5,027,000. Finally, Live Oak Investment Partners boosted its position in Navios Maritime Partners by 6.8% during the 4th quarter. Live Oak Investment Partners now owns 32,280 shares of the shipping company's stock worth $1,692,000 after acquiring an additional 2,063 shares during the period. 62.74% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Weiss Ratings raised Navios Maritime Partners from a "hold (c)" rating to a "buy (b-)" rating in a research report on Tuesday, March 17th. Wall Street Zen upgraded shares of Navios Maritime Partners from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 21st. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy".
View Our Latest Stock Analysis on NMM
About Navios Maritime Partners
(
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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