Key Points
- Angeliki Frangou bought 1,187 shares on April 23 and, together with about ten other April purchases totaling roughly 13,127 shares (≈$0.9M), increased her stake to 4,705,479 shares, valued at about $330.4M (a 0.03% ownership increase).
- Navios Maritime Partners reported a strong quarter (EPS $3.40 vs. $2.41 expected; revenue $365.6M), the stock trades near $70 with a market cap of $2.02B, and analysts hold a consensus "Buy" rating with a $85 price target.
Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou acquired 1,187 shares of Navios Maritime Partners stock in a transaction that occurred on Thursday, April 23rd. The shares were bought at an average price of $70.22 per share, with a total value of $83,351.14. Following the transaction, the insider directly owned 4,705,479 shares in the company, valued at approximately $330,418,735.38. This trade represents a 0.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Angeliki Frangou also recently made the following trade(s):
- On Friday, April 24th, Angeliki Frangou bought 1,196 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $70.39 per share, for a total transaction of $84,186.44.
- On Wednesday, April 22nd, Angeliki Frangou bought 1,214 shares of Navios Maritime Partners stock. The stock was bought at an average cost of $69.58 per share, for a total transaction of $84,470.12.
- On Monday, April 20th, Angeliki Frangou bought 1,190 shares of Navios Maritime Partners stock. The stock was bought at an average price of $70.30 per share, for a total transaction of $83,657.00.
- On Friday, April 17th, Angeliki Frangou purchased 1,201 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $70.39 per share, with a total value of $84,538.39.
- On Tuesday, April 14th, Angeliki Frangou purchased 1,192 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $70.39 per share, with a total value of $83,904.88.
- On Thursday, April 16th, Angeliki Frangou purchased 1,199 shares of Navios Maritime Partners stock. The shares were purchased 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 purchased at an average cost of $70.23 per share, for a total transaction of $84,346.23.
- 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 Thursday, April 9th, Angeliki Frangou bought 1,155 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $70.78 per share, with a total value of $81,750.90.
Navios Maritime Partners Price Performance
NYSE NMM opened at $70.38 on Friday. Navios Maritime Partners LP has a 52 week low of $33.20 and a 52 week high of $74.21. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 7.32 and a beta of 1.23. The company has a 50-day moving average price of $67.64 and a two-hundred day moving average price of $57.84.
Navios Maritime Partners (NYSE:NMM - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share for the quarter, beating analysts' consensus estimates of $2.41 by $0.99. The company had revenue of $365.55 million for the quarter, compared to analysts' expectations 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 for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.61 earnings per share.
Navios Maritime Partners Announces Dividend
The firm 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 yield of 0.3%. The ex-dividend date was Monday, February 9th. Navios Maritime Partners's dividend payout ratio (DPR) is currently 2.08%.
Institutional Investors Weigh In On Navios Maritime Partners
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ion Asset Management Ltd. raised its holdings in 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 in the last quarter. ION Fund Management Ltd bought a new position in Navios Maritime Partners during the 4th quarter valued at $24,432,000. Commonwealth Equity Services LLC increased its position in shares of Navios Maritime Partners by 1.3% during the 3rd 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 increased its position in shares of Navios Maritime Partners by 51.7% during the 4th 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 stake in shares of Navios Maritime Partners by 28.8% in the 3rd quarter. Bank of America Corp DE now owns 117,950 shares of the shipping company's stock worth $5,314,000 after buying an additional 26,340 shares in the last quarter. Institutional investors own 62.74% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on NMM. Wall Street Zen upgraded 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 note on Tuesday, March 17th. Finally, Jefferies Financial Group initiated coverage on shares of Navios Maritime Partners in a report on Friday. They issued a "buy" rating and a $85.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $85.00.
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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