Key Points
- Angeliki Frangou, a Navios Maritime Partners insider, bought 1,190 shares on April 20 at $70.30, raising her direct stake to 4,701,888 shares worth about $330.5M (a 0.03% increase).
- She has been repeatedly buying small lots between April 6–20 (roughly 1,150–1,208 shares per trade), indicating an ongoing insider accumulation trend.
- NMM fundamentals: market cap about $1.97B and P/E ~7.1, the company beat quarterly estimates with $3.40 EPS versus $2.41 and $365.6M revenue, and pays a modest quarterly dividend of $0.05 (≈0.3% yield).
Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou acquired 1,190 shares of the stock in a transaction on Monday, April 20th. The stock was bought at an average price of $70.30 per share, with a total value of $83,657.00. Following the transaction, the insider directly owned 4,701,888 shares in the company, valued at approximately $330,542,726.40. This represents a 0.03% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Angeliki Frangou also recently made the following trade(s):
- On Friday, April 17th, Angeliki Frangou acquired 1,201 shares of Navios Maritime Partners stock. The stock was bought at an average price of $70.39 per share, with a total value of $84,538.39.
- On Tuesday, April 14th, Angeliki Frangou acquired 1,192 shares of Navios Maritime Partners stock. The stock was bought at an average price of $70.39 per share, with a total value of $83,904.88.
- On Thursday, April 16th, Angeliki Frangou acquired 1,199 shares of Navios Maritime Partners stock. The stock was bought at an average price of $69.71 per share, with a total value of $83,582.29.
- On Wednesday, April 15th, Angeliki Frangou acquired 1,201 shares of Navios Maritime Partners stock. The stock was bought at an average price of $70.23 per share, with a total value of $84,346.23.
- On Monday, April 13th, Angeliki Frangou acquired 1,204 shares of Navios Maritime Partners stock. The stock was bought at an average price of $70.24 per share, with a total value 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 price of $68.94 per share, with a total value 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 price of $70.78 per share, with a total value 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 price of $71.40 per share, with a total value 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 price of $70.09 per share, with a total value 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 price of $70.47 per share, with a total value of $84,564.00.
Navios Maritime Partners Stock Down 2.0%
Shares of NYSE:NMM opened at $68.64 on Wednesday. Navios Maritime Partners LP has a one year low of $31.75 and a one year high of $74.21. The company has a 50 day moving average of $67.14 and a 200-day moving average of $57.48. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.12 and a quick ratio of 1.13. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 7.14 and a beta of 1.23.
Navios Maritime Partners (NYSE:NMM - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The shipping company reported $3.40 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $316.00 million. During the same quarter in the previous year, the company earned $2.61 EPS. Navios Maritime Partners's revenue was up 10.0% on a year-over-year basis.
Navios Maritime Partners Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders 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 dividend yield of 0.3%. Navios Maritime Partners's payout ratio is currently 2.08%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted 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 worth $32,000 after acquiring an additional 202 shares during the last quarter. State of Wyoming bought a new position in Navios Maritime Partners during the 4th quarter worth approximately $137,000. Corient Private Wealth LLC bought a new position in Navios Maritime Partners during the 4th quarter worth approximately $207,000. Mariner LLC bought a new position in Navios Maritime Partners during the 4th quarter worth approximately $208,000. Finally, Blackhawk Capital Partners LLC bought a new position in Navios Maritime Partners during the 3rd quarter worth approximately $247,000. Institutional investors own 62.74% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. 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. 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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy".
Get 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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