Angeliki Frangou Acquires 1,086 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Key Points

  • Insider buying: CEO/insider Angeliki Frangou purchased multiple small lots (about 12,764 shares) between April 23 and May 7 — including 1,086 shares on May 6 — bringing her direct stake to 4,715,921 shares (≈$352.6M), a ~0.02% increase.
  • Company fundamentals and outlook: Navios beat quarterly estimates (EPS $3.40 vs $2.41; revenue $365.6M vs $316M), raised its quarterly dividend to $0.06 (annual $0.24, ~0.3% yield), and carries a consensus analyst rating of Buy with a $85 price target.

Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou purchased 1,086 shares of Navios Maritime Partners stock in a transaction dated Wednesday, May 6th. The shares were purchased at an average price of $74.77 per share, with a total value of $81,200.22. Following the completion of the transaction, the insider directly owned 4,715,921 shares in the company, valued at approximately $352,609,413.17. This represents a 0.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link.

Angeliki Frangou also recently made the following trade(s):

  • On Thursday, May 7th, Angeliki Frangou purchased 1,135 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $72.49 per share, for a total transaction of $82,276.15.
  • On Tuesday, May 5th, Angeliki Frangou acquired 1,171 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $74.55 per share, for a total transaction of $87,298.05.
  • On Monday, May 4th, Angeliki Frangou acquired 1,169 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $71.74 per share, with a total value of $83,864.06.
  • On Friday, May 1st, Angeliki Frangou bought 1,155 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $71.08 per share, with a total value of $82,097.40.
  • On Thursday, April 30th, Angeliki Frangou bought 1,176 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $72.03 per share, for a total transaction of $84,707.28.
  • On Wednesday, April 29th, Angeliki Frangou purchased 1,159 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $71.72 per share, for a total transaction of $83,123.48.
  • On Tuesday, April 28th, Angeliki Frangou purchased 1,145 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $72.08 per share, for a total transaction of $82,531.60.
  • On Monday, April 27th, Angeliki Frangou purchased 1,185 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $71.44 per share, with a total value 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 cost of $70.39 per share, with a total value of $84,186.44.
  • On Thursday, April 23rd, Angeliki Frangou acquired 1,187 shares of Navios Maritime Partners stock. The stock was bought at an average price of $70.22 per share, for a total transaction of $83,351.14.

Navios Maritime Partners Trading Down 2.0%




Shares of NMM opened at $71.88 on Friday. The firm's 50 day simple moving average is $68.61 and its 200 day simple moving average is $59.42. The company has a market capitalization of $2.06 billion, a P/E ratio of 7.48 and a beta of 1.06. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.12 and a quick ratio of 1.13. Navios Maritime Partners LP has a 1-year low of $35.93 and a 1-year high of $77.90.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The shipping company reported $3.40 EPS for the quarter, topping analysts' consensus estimates of $2.41 by $0.99. The business had revenue of $365.55 million during the quarter, compared to analysts' expectations of $316.00 million. Navios Maritime Partners had a net margin of 21.23% and a return on equity of 9.17%. The business's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.61 EPS.

Navios Maritime Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Monday, May 11th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.3%. This is a boost from Navios Maritime Partners's previous quarterly dividend of $0.05. The ex-dividend date is Monday, May 11th. Navios Maritime Partners's dividend payout ratio (DPR) is presently 2.08%.

Institutional Investors Weigh In On Navios Maritime Partners

A number of institutional investors have recently made changes to their positions in NMM. ION Fund Management Ltd bought a new position in shares of Navios Maritime Partners during the 4th quarter valued at $24,432,000. Marnell Management LLC bought a new stake in Navios Maritime Partners in the fourth quarter worth $5,027,000. ING Groep NV lifted its stake 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 during the last quarter. JPMorgan Chase & Co. boosted its position in Navios Maritime Partners by 150.9% during the fourth quarter. JPMorgan Chase & Co. now owns 87,535 shares of the shipping company's stock valued at $4,589,000 after buying an additional 52,651 shares during the period. Finally, Millennium Management LLC purchased a new stake in Navios Maritime Partners during the fourth quarter valued at about $1,507,000. Hedge funds and other institutional investors own 62.74% of the company's stock.

Analysts Set New Price Targets

NMM has been the topic of a number of research reports. Weiss Ratings upgraded 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 Navios Maritime Partners from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 21st. Finally, Jefferies Financial Group assumed coverage on Navios Maritime Partners in a research report on Friday, April 24th. They set a "buy" rating and a $85.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $85.00.

View Our Latest Stock Analysis on NMM

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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