Key Points
- Insider buying continued: Navios Maritime Partners insider Angeliki Frangou bought 1,163 shares at $71.85 each, adding to a string of recent purchases over several trading days in May.
- Strong operating and stock performance: The company reported better-than-expected quarterly results, with EPS of $3.40 and revenue of $365.55 million, while the stock traded up 0.9% and was near its 52-week high.
- Positive outlook from analysts and dividend hike: Analysts generally rate the stock a Buy with a $85 price target, and Navios recently raised its quarterly dividend to $0.06 per share from $0.05.
Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou bought 1,163 shares of Navios Maritime Partners stock in a transaction dated Monday, May 18th. The stock was acquired at an average price of $71.85 per share, with a total value of $83,561.55. Following the completion of the transaction, the insider directly owned 4,725,107 shares of the company's stock, valued at approximately $339,498,937.95. The trade was a 0.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Angeliki Frangou also recently made the following trade(s):
- On Wednesday, May 20th, Angeliki Frangou acquired 1,113 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $75.48 per share, with a total value of $84,009.24.
- On Tuesday, May 19th, Angeliki Frangou acquired 1,160 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $73.24 per share, with a total value of $84,958.40.
- On Friday, May 15th, Angeliki Frangou acquired 1,172 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $70.93 per share, with a total value of $83,129.96.
- On Thursday, May 14th, Angeliki Frangou acquired 1,169 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $71.61 per share, with a total value of $83,712.09.
- On Wednesday, May 13th, Angeliki Frangou acquired 1,134 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $72.69 per share, with a total value of $82,430.46.
- On Tuesday, May 12th, Angeliki Frangou acquired 1,138 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $72.99 per share, with a total value of $83,062.62.
- On Monday, May 11th, Angeliki Frangou acquired 1,111 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $73.85 per share, with a total value of $82,047.35.
- On Friday, May 8th, Angeliki Frangou acquired 1,164 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $74.62 per share, with a total value of $86,857.68.
- On Thursday, May 7th, Angeliki Frangou acquired 1,135 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $72.49 per share, with a total value of $82,276.15.
- On Wednesday, May 6th, Angeliki Frangou acquired 1,086 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $74.77 per share, with a total value of $81,200.22.
Navios Maritime Partners Trading Up 0.9%
Shares of NMM stock opened at $75.53 on Thursday. 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 firm has a market cap of $2.17 billion, a PE ratio of 7.86 and a beta of 1.06. The company has a 50-day moving average of $69.21 and a two-hundred day moving average of $61.12. Navios Maritime Partners LP has a 1-year low of $36.62 and a 1-year high of $77.90.
Navios Maritime Partners (NYSE:NMM - Get Free Report) last announced its earnings results on Thursday, February 19th. The shipping company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.99. The company had revenue of $365.55 million during the quarter, compared to analyst estimates of $316.00 million. Navios Maritime Partners had a net margin of 21.23% and a return on equity of 9.17%. Navios Maritime Partners's revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.61 earnings per share.
Navios Maritime Partners Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were paid a dividend of $0.06 per share. 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 of this dividend was Monday, May 11th. Navios Maritime Partners's payout ratio is 2.50%.
Institutional Trading of Navios Maritime Partners
Several hedge funds have recently added to or reduced their stakes in NMM. ION Fund Management Ltd acquired a new stake in Navios Maritime Partners in the fourth quarter valued at approximately $24,432,000. Walleye Capital LLC raised its holdings in Navios Maritime Partners by 45,274.3% during the first quarter. Walleye Capital LLC now owns 149,527 shares of the shipping company's stock worth $10,090,000 after purchasing an additional 149,858 shares in the last quarter. Marnell Management LLC acquired a new stake in Navios Maritime Partners during the fourth quarter worth approximately $5,027,000. Bank of America Corp DE raised its holdings in Navios Maritime Partners by 57.6% during the first quarter. Bank of America Corp DE now owns 199,141 shares of the shipping company's stock worth $13,438,000 after purchasing an additional 72,754 shares in the last quarter. Finally, ING Groep NV raised its holdings in Navios Maritime Partners by 123.6% during 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. Institutional investors and hedge funds own 62.74% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of Navios Maritime Partners from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 21st. Weiss Ratings raised shares of Navios Maritime Partners from a "hold (c)" rating to a "buy (b-)" rating in a research report on Tuesday, March 17th. Finally, Jefferies Financial Group began coverage on shares of Navios Maritime Partners in a report on Friday, April 24th. They issued a "buy" rating and a $85.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Navios Maritime Partners presently has an average rating of "Buy" and a consensus price target of $85.00.
Read Our Latest Stock Analysis 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.
Further Reading

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