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Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou acquired 1,155 shares of the firm's stock in a transaction on Thursday, April 9th. The stock was purchased at an average price of $70.78 per share, for a total transaction of $81,750.90. Following the acquisition, the insider directly owned 4,693,513 shares in the company, valued at $332,206,850.14. This represents a 0.02% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
Angeliki Frangou also recently made the following trade(s):
- On Monday, April 13th, Angeliki Frangou acquired 1,204 shares of Navios Maritime Partners stock. The stock was purchased at an average price 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 purchased at an average price of $68.94 per share, for a total transaction of $81,900.72.
- On Wednesday, April 8th, Angeliki Frangou acquired 1,208 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $71.40 per share, for a total transaction of $86,251.20.
- On Tuesday, April 7th, Angeliki Frangou acquired 1,173 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $70.09 per share, for a total transaction of $82,215.57.
- On Monday, April 6th, Angeliki Frangou acquired 1,200 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $70.47 per share, for a total transaction of $84,564.00.
- On Thursday, April 2nd, Angeliki Frangou acquired 1,229 shares of Navios Maritime Partners stock. The stock was purchased at an average price 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 purchased at an average price 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 purchased at an average price of $64.87 per share, for a total transaction of $83,617.43.
- On Friday, March 20th, Angeliki Frangou bought 1,247 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $66.71 per share, with a total value of $83,187.37.
- On Thursday, March 19th, Angeliki Frangou bought 1,235 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $67.00 per share, with a total value of $82,745.00.
Navios Maritime Partners Stock Up 0.9%
Shares of NMM opened at $69.79 on Tuesday. Navios Maritime Partners LP has a 52-week low of $31.13 and a 52-week high of $74.21. The company has a market capitalization of $2.00 billion, a PE ratio of 7.26 and a beta of 1.23. The stock has a fifty day simple moving average of $66.06 and a two-hundred day simple moving average of $56.48. 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 earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.41 by $0.99. Navios Maritime Partners had a return on equity of 9.17% and a net margin of 21.23%.The business had revenue of $365.55 million during the quarter, compared to the consensus estimate of $316.00 million. During the same period last year, the company earned $2.61 EPS. The company's revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities analysts forecast that Navios Maritime Partners LP will post 12.64 EPS for the current year.
Navios Maritime Partners Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. Navios Maritime Partners's dividend payout ratio (DPR) is 2.08%.
Wall Street Analysts Forecast Growth
NMM has been the subject of a number of recent research reports. Wall Street Zen raised Navios Maritime Partners from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 21st. 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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Navios Maritime Partners presently has an average rating of "Buy".
Read Our Latest Research Report on NMM
Institutional Trading of Navios Maritime Partners
Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada grew its position in Navios Maritime Partners by 50.9% in 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. State of Wyoming acquired a new position in Navios Maritime Partners in the 4th quarter valued at about $137,000. Corient Private Wealth LLC acquired a new position in Navios Maritime Partners in the 4th quarter valued at about $207,000. Mariner LLC acquired a new position in Navios Maritime Partners in the 4th quarter valued at about $208,000. Finally, Cerity Partners LLC acquired a new position in Navios Maritime Partners in the 2nd quarter valued at about $212,000. 62.74% of the stock is owned by institutional investors and hedge funds.
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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