Angeliki Frangou Buys 1,132 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Key Points

  • Insider buying continued: Navios Maritime Partners insider Angeliki Frangou bought 1,132 shares on May 27 at an average price of $72.61, bringing her total holdings to about 4.73 million shares. The article also notes several additional purchases made by Frangou in the days surrounding that trade.
  • Strong quarterly results: The company reported quarterly earnings of $3.35 per share, topping analyst expectations of $2.77. Revenue also came in above estimates at $357.01 million and rose 17.4% year over year.
  • Dividend and analyst outlook: Navios Maritime Partners recently increased its quarterly dividend to $0.06 per share from $0.05, though the yield remains modest at 0.3%. Wall Street sentiment is mixed but generally positive, with a consensus rating of Moderate Buy and an average target price of $85.00.

Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou purchased 1,132 shares of the firm's stock in a transaction on Wednesday, May 27th. The stock was bought at an average price of $72.61 per share, with a total value of $82,194.52. Following the completion of the purchase, the insider owned 4,731,853 shares of the company's stock, valued at approximately $343,579,846.33. This represents a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Friday, May 29th, Angeliki Frangou purchased 1,196 shares of Navios Maritime Partners stock. The stock was bought at an average price of $69.57 per share, with a total value of $83,205.72.
  • On Thursday, May 28th, Angeliki Frangou purchased 1,170 shares of Navios Maritime Partners stock. The stock was bought at an average price of $70.65 per share, with a total value of $82,660.50.
  • On Tuesday, May 26th, Angeliki Frangou purchased 1,118 shares of Navios Maritime Partners stock. The stock was bought at an average price of $73.63 per share, with a total value of $82,318.34.
  • On Friday, May 22nd, Angeliki Frangou purchased 1,116 shares of Navios Maritime Partners stock. The stock was bought at an average price of $74.30 per share, with a total value of $82,918.80.
  • On Thursday, May 21st, Angeliki Frangou purchased 1,107 shares of Navios Maritime Partners stock. The stock was bought at an average price of $77.81 per share, with a total value of $86,135.67.
  • On Wednesday, May 20th, Angeliki Frangou acquired 1,113 shares of Navios Maritime Partners stock. The stock was purchased at an average cost 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 stock was purchased at an average cost of $73.24 per share, with a total value of $84,958.40.
  • On Monday, May 18th, Angeliki Frangou acquired 1,163 shares of Navios Maritime Partners stock. The stock was purchased at an average cost of $71.85 per share, with a total value of $83,561.55.
  • On Friday, May 15th, Angeliki Frangou acquired 1,172 shares of Navios Maritime Partners stock. The stock was purchased at an average cost 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 stock was purchased at an average cost of $71.61 per share, with a total value of $83,712.09.

Navios Maritime Partners Stock Performance




Shares of NMM opened at $69.23 on Friday. The firm has a 50-day moving average of $70.51 and a 200-day moving average of $62.20. Navios Maritime Partners LP has a one year low of $36.62 and a one year high of $80.69. The company has a market cap of $1.98 billion, a PE ratio of 5.83 and a beta of 1.06. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.45 and a quick ratio of 1.13.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last announced its quarterly earnings data on Thursday, May 21st. The shipping company reported $3.35 EPS for the quarter, beating analysts' consensus estimates of $2.77 by $0.58. Navios Maritime Partners had a net margin of 25.05% and a return on equity of 10.48%. The company had revenue of $357.01 million during the quarter, compared to the consensus estimate of $317.80 million. During the same quarter last year, the firm posted $1.58 EPS. The company's quarterly revenue was up 17.4% on a year-over-year basis.

Navios Maritime Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, May 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. This is an increase from Navios Maritime Partners's previous quarterly dividend of $0.05. Navios Maritime Partners's dividend payout ratio is presently 2.02%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NMM. Jefferies Financial Group initiated coverage on Navios Maritime Partners in a research note on Friday, April 24th. They set a "buy" rating and a $85.00 target price for the company. Wall Street Zen raised shares of Navios Maritime Partners from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 21st. Finally, Weiss Ratings downgraded shares of Navios Maritime Partners from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $85.00.

Read Our Latest Stock Report on Navios Maritime Partners

Institutional Trading of Navios Maritime Partners

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in Navios Maritime Partners by 95.5% in the 3rd 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 stake in Navios Maritime Partners in the 3rd quarter valued at $1,117,000. ING Groep NV boosted its holdings in Navios Maritime Partners by 123.6% in the 3rd quarter. ING Groep NV now owns 96,600 shares of the shipping company's stock valued at $4,352,000 after purchasing an additional 53,400 shares during the period. Moors & Cabot Inc. boosted its holdings 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 purchasing an additional 750 shares during the period. Finally, Mraz Amerine & Associates Inc. boosted its holdings in Navios Maritime Partners by 6.4% in the 3rd quarter. Mraz Amerine & Associates Inc. now owns 43,291 shares of the shipping company's stock valued at $1,950,000 after purchasing an additional 2,621 shares during the period. 62.74% of the stock is currently owned by 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)

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].

Insider Buying or Selling at Navios Maritime Partners?
Sign-up to receive InsiderTrades.com's daily insider buying and selling report for Navios Maritime Partners and related companies.
Free Insider Buying and Selling Newsletter
Enter your email address below to receive InsiderTrades.com's daily insider buying and selling report.
From Our Partners

Most Read This Month

Recent Articles