Key Points
- Angeliki Frangou purchased 1,199 shares on April 16 at $69.71, bringing her holdings to 4,699,497 shares (valued at about $327.6M), a 0.03% increase in ownership.
- She accumulated a total of 13,183 shares from April 1–16, spending roughly $923,000 at an average near $70 per share, signaling sustained insider buying.
- Navios Maritime Partners trades around $69.43 with a market cap of $1.99B, recently reported stronger-than-expected quarterly EPS of $3.40, and pays a $0.05 quarterly dividend (≈0.3% yield).
Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou purchased 1,199 shares of Navios Maritime Partners stock in a transaction on Thursday, April 16th. The shares were acquired at an average cost of $69.71 per share, for a total transaction of $83,582.29. Following the purchase, the insider owned 4,699,497 shares in the company, valued at approximately $327,601,935.87. This trade represents a 0.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Angeliki Frangou also recently made the following trade(s):
- On Tuesday, April 14th, Angeliki Frangou purchased 1,192 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $70.39 per share, for a total transaction of $83,904.88.
- On Wednesday, April 15th, Angeliki Frangou purchased 1,201 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $70.23 per share, for a total transaction of $84,346.23.
- On Monday, April 13th, Angeliki Frangou purchased 1,204 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $70.24 per share, for a total transaction of $84,568.96.
- On Friday, April 10th, Angeliki Frangou purchased 1,188 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $68.94 per share, for a total transaction of $81,900.72.
- On Thursday, April 9th, Angeliki Frangou purchased 1,155 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $70.78 per share, for a total transaction of $81,750.90.
- On Wednesday, April 8th, Angeliki Frangou purchased 1,208 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $71.40 per share, for a total transaction of $86,251.20.
- On Tuesday, April 7th, Angeliki Frangou purchased 1,173 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $70.09 per share, for a total transaction of $82,215.57.
- On Monday, April 6th, Angeliki Frangou purchased 1,200 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $70.47 per share, for a total transaction of $84,564.00.
- On Thursday, April 2nd, Angeliki Frangou purchased 1,229 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $69.46 per share, for a total transaction of $85,366.34.
- On Wednesday, April 1st, Angeliki Frangou purchased 1,234 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $68.21 per share, for a total transaction of $84,171.14.
Navios Maritime Partners Trading Down 0.1%
Shares of Navios Maritime Partners stock opened at $69.43 on Friday. Navios Maritime Partners LP has a fifty-two week low of $31.13 and a fifty-two week high of $74.21. The firm has a market cap of $1.99 billion, a PE ratio of 7.22 and a beta of 1.23. The business's fifty day moving average is $66.63 and its two-hundred day moving average is $56.81. 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 quarterly earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share 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 company had revenue of $365.55 million for the quarter, compared to analyst estimates of $316.00 million. During the same quarter in the prior year, the company posted $2.61 EPS. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. Analysts anticipate that Navios Maritime Partners LP will post 12.64 earnings per share for the current 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 given 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 2.08%.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the company. Ion Asset Management Ltd. raised its position in shares of Navios Maritime Partners by 2.2% in the 2nd quarter. Ion Asset Management Ltd. now owns 817,963 shares of the shipping company's stock worth $30,821,000 after buying an additional 17,285 shares during the period. ION Fund Management Ltd purchased a new position in shares of Navios Maritime Partners in the 4th quarter worth $24,432,000. Commonwealth Equity Services LLC raised its position in Navios Maritime Partners by 1.3% in the third quarter. Commonwealth Equity Services LLC now owns 158,749 shares of the shipping company's stock valued at $7,152,000 after purchasing an additional 2,045 shares during the period. ING Groep NV raised its position in Navios Maritime Partners by 51.7% in the fourth quarter. ING Groep NV now owns 146,500 shares of the shipping company's stock valued at $7,681,000 after purchasing an additional 49,900 shares during the period. Finally, Bank of America Corp DE raised its position in Navios Maritime Partners by 28.8% in the third quarter. Bank of America Corp DE now owns 117,950 shares of the shipping company's stock valued at $5,314,000 after purchasing an additional 26,340 shares during the period. 62.74% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts recently 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 raised Navios Maritime Partners from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 21st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy".
Get Our Latest 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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