Key Points
- Angeliki Frangou bought 1,173 shares of Navios Maritime Partners on April 7 at $70.09 (total $82,216) as part of a series of recent purchases executed under a Rule 10b5-1 plan, bringing her direct holdings to 4,691,150 shares valued at about $328.8 million.
- Navios reported a strong quarterly beat (EPS $3.40 vs. $2.41 consensus; revenue $365.6M vs. $316.0M), the stock is trading near its 12‑month high (~$72) with a market cap of ~$2.07B and a P/E of 7.5, and analysts have recently upgraded the shares to Buy/Strong‑Buy.
Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou bought 1,173 shares of the business's stock in a transaction that occurred on Tuesday, April 7th. The stock was purchased at an average price of $70.09 per share, with a total value of $82,215.57. Following the completion of the purchase, the insider directly owned 4,691,150 shares in the company, valued at $328,802,703.50. The trade was a 0.03% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Angeliki Frangou also recently made the following trade(s):
- 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, with a total value of $86,251.20.
- 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, with a total value 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, with a total value of $85,366.34.
- On Wednesday, April 1st, Angeliki Frangou acquired 1,234 shares of Navios Maritime Partners stock. The shares were bought at an average price of $68.21 per share, with a total value of $84,171.14.
- On Monday, March 23rd, Angeliki Frangou acquired 1,289 shares of Navios Maritime Partners stock. The shares were bought at an average price 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 bought at an average price 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 bought at an average price of $67.00 per share, with a total value of $82,745.00.
Navios Maritime Partners Trading Up 4.6%
Shares of NMM stock opened at $72.12 on Thursday. The firm has a 50 day moving average price of $65.46 and a two-hundred day moving average price of $55.96. 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 company has a market capitalization of $2.07 billion, a PE ratio of 7.50 and a beta of 1.23. Navios Maritime Partners LP has a 12-month low of $28.37 and a 12-month high of $74.21.
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 (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.99. The firm had revenue of $365.55 million during the quarter, compared to the consensus estimate of $316.00 million. Navios Maritime Partners had a net margin of 21.23% and a return on equity of 9.17%. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the business posted $2.61 earnings per share. As a group, analysts predict that Navios Maritime Partners LP will post 12.64 earnings per share for the current year.
Navios Maritime Partners Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were given a dividend of $0.05 per share. The ex-dividend date was Monday, February 9th. This represents a $0.20 annualized dividend and a yield of 0.3%. Navios Maritime Partners's dividend payout ratio (DPR) is 2.08%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in NMM. JPMorgan Chase & Co. increased its holdings in shares of Navios Maritime Partners by 64.6% during the second quarter. JPMorgan Chase & Co. now owns 17,844 shares of the shipping company's stock worth $672,000 after purchasing an additional 7,006 shares during the period. Jump Financial LLC bought a new position in shares of Navios Maritime Partners during the second quarter worth approximately $580,000. Cerity Partners LLC bought a new position in shares of Navios Maritime Partners during the second quarter worth approximately $212,000. BNP Paribas Financial Markets increased its holdings in shares of Navios Maritime Partners by 25.4% during the second quarter. BNP Paribas Financial Markets now owns 7,706 shares of the shipping company's stock worth $290,000 after purchasing an additional 1,559 shares during the period. Finally, Ion Asset Management Ltd. increased its holdings in shares of Navios Maritime Partners by 2.2% during the second quarter. Ion Asset Management Ltd. now owns 817,963 shares of the shipping company's stock worth $30,821,000 after purchasing an additional 17,285 shares during the period. 62.74% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on NMM. 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. Weiss Ratings upgraded shares of Navios Maritime Partners from a "hold (c)" rating to a "buy (b-)" rating in a research report on Tuesday, March 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy".
Get Our Latest Stock Analysis on NMM
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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