Navios Maritime Partners LP (NYSE:NMM - Get Free Report) insider Angeliki Frangou bought 1,053 shares of the company's stock in a transaction dated Monday, July 27th. The stock was purchased at an average price of $77.64 per share, for a total transaction of $81,754.92. Following the purchase, the insider owned 4,778,836 shares of the company's stock, valued at approximately $371,028,827.04. This represents a 0.02% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Angeliki Frangou also recently made the following trade(s):
- On Wednesday, July 22nd, Angeliki Frangou purchased 1,121 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $74.07 per share, for a total transaction of $83,032.47.
- On Tuesday, July 21st, Angeliki Frangou purchased 1,149 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $74.03 per share, with a total value of $85,060.47.
- On Monday, July 20th, Angeliki Frangou acquired 1,167 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $72.95 per share, with a total value of $85,132.65.
- On Friday, July 24th, Angeliki Frangou acquired 1,084 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $79.02 per share, with a total value of $85,657.68.
- On Thursday, July 23rd, Angeliki Frangou acquired 1,131 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $74.81 per share, for a total transaction of $84,610.11.
- On Tuesday, July 14th, Angeliki Frangou bought 1,105 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $75.58 per share, for a total transaction of $83,515.90.
- On Monday, July 13th, Angeliki Frangou bought 1,100 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $75.41 per share, with a total value of $82,951.00.
- On Friday, July 10th, Angeliki Frangou bought 1,129 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $75.36 per share, with a total value of $85,081.44.
- On Thursday, July 9th, Angeliki Frangou purchased 1,099 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $73.74 per share, with a total value of $81,040.26.
- On Wednesday, July 8th, Angeliki Frangou purchased 1,108 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $76.14 per share, for a total transaction of $84,363.12.
Navios Maritime Partners Trading Up 1.9%
Navios Maritime Partners stock opened at $79.20 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.45 and a quick ratio of 1.45. Navios Maritime Partners LP has a one year low of $40.80 and a one year high of $80.97. The stock has a market capitalization of $2.27 billion, a PE ratio of 6.67 and a beta of 1.00. The business's fifty day moving average is $73.12 and its 200 day moving average is $68.37.
Navios Maritime Partners (NYSE:NMM - Get Free Report) last issued its earnings results on Thursday, May 21st. The shipping company reported $3.35 earnings per share for the quarter, topping analysts' consensus estimates of $2.77 by $0.58. The business had revenue of $357.01 million during the quarter, compared to analyst estimates of $317.80 million. Navios Maritime Partners had a return on equity of 10.48% and a net margin of 25.05%.Navios Maritime Partners's revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.58 EPS.
Key Headlines Impacting Navios Maritime Partners
Here are the key news stories impacting Navios Maritime Partners this week:
- Positive Sentiment: Angeliki Frangou purchased 6,705 NMM shares across six transactions from July 20 through July 27 for approximately $505,248, at prices ranging from $72.95 to $79.02 per share. The purchases were disclosed in SEC filings. SEC insider ownership filing SEC insider purchase filing
- Positive Sentiment: Following the purchases, Frangou directly owned approximately 4.78 million NMM shares. Repeated buying by a major insider is generally viewed favorably by investors because it indicates the insider is committing additional capital rather than selling into the recent rally.
- Neutral Sentiment: The purchases were individually small—each increased Frangou’s position by only about 0.02%—so the transactions are more of a confidence signal than a material change to Navios Maritime Partners’ financial position. Investors should also weigh shipping-market conditions, vessel rates, leverage and the company’s upcoming operating results.
Analyst Ratings Changes
Several research analysts have recently weighed in on NMM shares. Weiss Ratings cut shares of Navios Maritime Partners from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, May 28th. Jefferies Financial Group initiated 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. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Navios Maritime Partners currently has an average rating of "Moderate Buy" and a consensus price target of $85.00.
View Our Latest Stock Analysis on NMM
Institutional Investors Weigh In On Navios Maritime Partners
Hedge funds have recently modified their holdings of the business. Empowered Funds LLC increased its stake in shares of Navios Maritime Partners by 74.1% in the 1st quarter. Empowered Funds LLC now owns 10,911 shares of the shipping company's stock worth $736,000 after purchasing an additional 4,644 shares in the last quarter. Bank of America Corp DE lifted its position 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 valued at $13,438,000 after purchasing an additional 72,754 shares in the last quarter. Sei Investments Co. bought a new stake in Navios Maritime Partners during the first quarter valued at about $1,889,000. Walleye Capital LLC increased its position in Navios Maritime Partners by 45,274.3% in the first quarter. Walleye Capital LLC now owns 149,527 shares of the shipping company's stock worth $10,090,000 after buying an additional 149,858 shares in the last quarter. Finally, State of Wyoming increased its position in Navios Maritime Partners by 77.8% in the first quarter. State of Wyoming now owns 4,637 shares of the shipping company's stock worth $313,000 after buying an additional 2,029 shares in the last quarter. Institutional investors own 62.74% of the company's stock.
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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