Key Points
- Angeliki Frangou purchased 1,155 shares of Navios Maritime Partners on May 1 at $71.08, bringing her direct stake to 4,712,495 shares (about $335M), and she conducted multiple similar buys (~1,100–1,200 shares) across late April and early May.
- Navios beat expectations for the quarter with $3.40 EPS vs. $2.41 expected and $365.6M in revenue, and the company raised its quarterly dividend from $0.05 to $0.06 (annualized $0.24).
- The stock trades with a market cap of about $2.04B and a P/E of 7.41, and recent analyst coverage includes a Buy stance with an average price target of $85.00.
Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou bought 1,155 shares of the firm's stock in a transaction on Friday, May 1st. The shares were purchased at an average cost of $71.08 per share, with a total value of $82,097.40. Following the transaction, the insider directly owned 4,712,495 shares in the company, valued at approximately $334,964,144.60. This trade represents a 0.02% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Angeliki Frangou also recently made the following trade(s):
- On Monday, May 4th, Angeliki Frangou acquired 1,169 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $71.74 per share, with a total value of $83,864.06.
- On Thursday, April 30th, Angeliki Frangou acquired 1,176 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $72.03 per share, with a total value of $84,707.28.
- On Wednesday, April 29th, Angeliki Frangou acquired 1,159 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $71.72 per share, with a total value of $83,123.48.
- On Tuesday, April 28th, Angeliki Frangou acquired 1,145 shares of Navios Maritime Partners stock. The shares were bought at an average cost of $72.08 per share, with a total value of $82,531.60.
- On Monday, April 27th, Angeliki Frangou bought 1,185 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $71.44 per share, for a total transaction of $84,656.40.
- On Friday, April 24th, Angeliki Frangou acquired 1,196 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $70.39 per share, for a total transaction of $84,186.44.
- On Thursday, April 23rd, Angeliki Frangou acquired 1,187 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $70.22 per share, for a total transaction of $83,351.14.
- On Wednesday, April 22nd, Angeliki Frangou acquired 1,214 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $69.58 per share, for a total transaction of $84,470.12.
- On Monday, April 20th, Angeliki Frangou acquired 1,190 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $70.30 per share, for a total transaction of $83,657.00.
- On Friday, April 17th, Angeliki Frangou acquired 1,201 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $70.39 per share, for a total transaction of $84,538.39.
Navios Maritime Partners Price Performance
NMM opened at $71.20 on Tuesday. 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 company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 7.41 and a beta of 1.06. The firm's fifty day moving average price is $68.28 and its two-hundred day moving average price is $58.81. Navios Maritime Partners LP has a 1 year low of $35.03 and a 1 year high of $74.21.
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. The company had revenue of $365.55 million for 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 firm's quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.61 EPS.
Navios Maritime Partners Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Monday, May 11th will be issued a $0.06 dividend. This is an increase from Navios Maritime Partners's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Navios Maritime Partners's payout ratio is presently 2.08%.
Institutional Trading of Navios Maritime Partners
Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of Navios Maritime Partners by 95.5% during the third quarter. JPMorgan Chase & Co. now owns 34,884 shares of the shipping company's stock valued at $1,572,000 after purchasing an additional 17,040 shares during the period. Arbiter Partners Capital Management LLC bought a new position in Navios Maritime Partners in the third quarter worth $1,117,000. ING Groep NV raised its holdings in Navios Maritime Partners by 123.6% in the third quarter. ING Groep NV now owns 96,600 shares of the shipping company's stock worth $4,352,000 after purchasing an additional 53,400 shares in the last quarter. Moors & Cabot Inc. raised its holdings in Navios Maritime Partners by 0.8% in the third quarter. Moors & Cabot Inc. now owns 92,682 shares of the shipping company's stock worth $4,175,000 after purchasing an additional 750 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in Navios Maritime Partners by 50.9% in the fourth quarter. Royal Bank of Canada now owns 599 shares of the shipping company's stock worth $32,000 after purchasing an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 62.74% of the company's stock.
Analyst Ratings Changes
NMM has been the topic of several recent research reports. Jefferies Financial Group started coverage on shares of Navios Maritime Partners in a report on Friday, April 24th. They set a "buy" rating and a $85.00 price objective on the stock. 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. Finally, 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. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $85.00.
Read Our Latest Stock Report 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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