Angeliki Frangou Buys 1,118 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Key Points

  • Angeliki Frangou bought 1,118 shares of Navios Maritime Partners at an average price of $73.63, bringing her total holdings to about 4.73 million shares. The filing shows a pattern of repeated insider buying over the prior several trading days.
  • Navios Maritime Partners reported better-than-expected quarterly results, with EPS of $3.35 versus the $2.77 consensus and revenue of $357.01 million versus $317.80 million expected. Revenue also rose 17.4% year over year.
  • The company raised its quarterly dividend to $0.06 per share from $0.05, and analysts currently have a consensus Buy rating with an average price target of $85.00.

Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou bought 1,118 shares of Navios Maritime Partners stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average price of $73.63 per share, for a total transaction of $82,318.34. Following the completion of the acquisition, the insider owned 4,730,721 shares in the company, valued at approximately $348,322,987.23. The trade was a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Friday, May 22nd, Angeliki Frangou bought 1,116 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $74.30 per share, for a total transaction of $82,918.80.
  • On Thursday, May 21st, Angeliki Frangou bought 1,107 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $77.81 per share, for a total transaction of $86,135.67.
  • On Wednesday, May 20th, Angeliki Frangou bought 1,113 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $75.48 per share, for a total transaction of $84,009.24.
  • On Tuesday, May 19th, Angeliki Frangou bought 1,160 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $73.24 per share, for a total transaction of $84,958.40.
  • On Monday, May 18th, Angeliki Frangou bought 1,163 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $71.85 per share, for a total transaction of $83,561.55.
  • On Friday, May 15th, Angeliki Frangou bought 1,172 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $70.93 per share, for a total transaction of $83,129.96.
  • On Thursday, May 14th, Angeliki Frangou bought 1,169 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $71.61 per share, for a total transaction of $83,712.09.
  • On Wednesday, May 13th, Angeliki Frangou bought 1,134 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $72.69 per share, for a total transaction of $82,430.46.
  • On Tuesday, May 12th, Angeliki Frangou bought 1,138 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $72.99 per share, for a total transaction of $83,062.62.
  • On Monday, May 11th, Angeliki Frangou purchased 1,111 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $73.85 per share, for a total transaction of $82,047.35.

Navios Maritime Partners Stock Performance




Shares of NYSE:NMM opened at $73.48 on Wednesday. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 6.19 and a beta of 1.06. Navios Maritime Partners LP has a 12 month low of $36.62 and a 12 month high of $80.69. The firm's 50-day moving average is $70.21 and its 200 day moving average is $61.84. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The shipping company reported $3.35 EPS for the quarter, beating the consensus estimate of $2.77 by $0.58. The company had revenue of $357.01 million for the quarter, compared to the consensus estimate of $317.80 million. Navios Maritime Partners had a net margin of 25.05% and a return on equity of 10.62%. The firm's revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.58 EPS.

Navios Maritime Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, May 11th. This is a positive change from Navios Maritime Partners's previous quarterly dividend of $0.05. Navios Maritime Partners's payout ratio is currently 2.02%.

Wall Street Analysts Forecast Growth

NMM has been the topic of several analyst reports. Jefferies Financial Group initiated coverage on shares of Navios Maritime Partners in a report on Friday, April 24th. They set a "buy" rating and a $85.00 price target on the stock. Weiss Ratings upgraded shares of Navios Maritime Partners from a "hold (c)" rating to a "buy (b-)" rating in a report on Tuesday, March 17th. Finally, Wall Street Zen upgraded shares of Navios Maritime Partners from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 21st. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Navios Maritime Partners presently has an average rating of "Buy" and an average price target of $85.00.

View Our Latest Analysis on Navios Maritime Partners

Institutional Investors Weigh In On Navios Maritime Partners

Several large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its position in Navios Maritime Partners by 50.9% in the 4th quarter. Royal Bank of Canada now owns 599 shares of the shipping company's stock valued at $32,000 after buying an additional 202 shares during the period. Raymond James Financial Inc. boosted its position in Navios Maritime Partners by 5.6% in the 3rd quarter. Raymond James Financial Inc. now owns 7,192 shares of the shipping company's stock valued at $324,000 after buying an additional 380 shares during the period. Moors & Cabot Inc. boosted its position in Navios Maritime Partners by 0.8% in the 3rd quarter. Moors & Cabot Inc. now owns 92,682 shares of the shipping company's stock valued at $4,175,000 after buying an additional 750 shares during the period. Valley Wealth Managers Inc. purchased a new stake in Navios Maritime Partners in the 1st quarter valued at about $63,000. Finally, BNP Paribas Financial Markets boosted its position in Navios Maritime Partners by 25.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,706 shares of the shipping company's stock valued at $290,000 after buying an additional 1,559 shares during the period. 62.74% of the stock is owned by hedge funds and other institutional investors.

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.

See Also

Insider Buying and Selling by Quarter for Navios Maritime Partners (NYSE:NMM)

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