Angeliki Frangou Buys Shares of NMM
NMM CEO Angeliki Frangou acquired 1,106 shares in a planned purchase on June 15, 2026.
Key Points
- Angeliki Frangou, CEO of NMM, purchased 1,106 shares at $74.73 each on June 15, 2026, in a planned transaction.
- NMM shares are trading near $74.00, with recent insider buying activity by the CEO.
- Institutional investors like Morgan Stanley increased their holdings in NMM, while others reduced their stakes.
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Angeliki Frangou, the Chief Executive Officer and Chairwoman of the Board at NMM, made a planned purchase of 1,106 shares on June 15, 2026. She acquired these shares at an average price of $74.73 each, with the transaction totaling approximately $82,651.38.
Insider Buying and Selling at Navios Maritime Partners L.P.
Angeliki Frangou has been actively purchasing shares of NMM. On June 15, 2026, she bought 1,106 shares at $74.73 per share. This was part of a series of planned transactions, including purchases on several other days in June, with share prices ranging from $72.09 to $74.73.
Other Institutional Activity in NMM
Several institutional investors have made adjustments to their NMM holdings. Morgan Stanley increased its stake by 185,551 shares, bringing its total to 1,175,438 shares valued at about $79.3 million. On the other hand, Pilgrim Global Advisors LLC reduced its position by 21,459 shares, leaving it with 4,639,379 shares worth approximately $313.1 million. Bank of America Corp significantly boosted its holdings by 72,754 shares, now holding 199,141 shares valued at $13.4 million.
Analysts Set New Price Targets
On April 24, 2026, Jefferies initiated coverage on NMM with a 'buy' rating and set a price target of $85. Meanwhile, Citi maintained its 'hold' rating with a $25 target on August 25, 2023. The consensus among analysts is cautious, with varied opinions on the stock's potential.
Bottom Line
Angeliki Frangou's recent share purchases at NMM demonstrate her ongoing commitment to the company. Investors often watch insider transactions for potential signals about a company's future. Institutional movements and analyst ratings provide additional context for NMM's market performance. As always, it's important to remember that these insights are based on past activities and filings, and may not represent current positions.
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